Knowledge

This included a director claiming that the Patent Box had been abolished in 2016. Although this was an extreme example, it illustrated a trend for companies to be unaware of…

Although this isn’t quite the case, it’s impossible to sum up a single day working in R&D as most, if not all, claims are not completed in a day. I…

However, Family Investment Companies (“FICs”) might also be affected, and there are planning opportunities and investment strategies that could be pursued by families to ensure that profits continue to be…

Top of the Chancellor’s pops has been the widely accepted notion that capital gains tax was on the hit list, given the rates are lower than income tax rates, and…

If we had a penny for every time we said: “deals are taking so much longer to get over the line”, we’d have a stash of pennies in the piggybank!…

Business Asset Gift Relief is available to defer the capital gain on gifts of qualifying business assets between parties through a joint election. Its effect is to defer the Capital…

HMRC have recently concluded what they describe as research into the use of FICs by the Family Investment Company team, and concluded that there is no need for a specialist…

Whilst there is no change to the Patent Box qualification criteria, there is a major change to the treatment of IP income and taxable profit under the rules. Whereas a…

The rules generally apply to all sole traders and also to members of general partnerships and Limited Liability Partnerships (“LLPs”) and will have an impact on anyone who does not…