With effect from 1 April 2014, if you are considering any commercial property acquisition you will require an additional level of tax due diligence to ensure you secure your capital allowances tax relief for future years.
Latest news & events
Government to proceed with controversial offshore bank account legislation despite criticism from lawyers and accountants
George Osborne announced this morning that a new strict liability criminal offence will be introduced for those holding undisclosed offshore accounts.
Budget comment: closure of Liechtenstein Disclosure Facility and Crown Dependencies Disclosure Facilities
The Budget report includes announcements that both the Liechtenstein Disclosure Facility (the “LDF”) and the Crown Dependencies Disclosure Facilities will be closing at the end of 2015 “in advance of a new disclosure facility”.
1.5 million more taxpayers forecast to pay Higher or Additional rate tax this year than in 2010
The number of people falling into the Higher and Additional rate tax bands will have increased by 32% over the last five years from 3.26 million in 2010-11 to 4.79 million in 2014-15.
Taxflash: Eclipse 35 Court of Appeal decision
18 February 2015
Eclipse decision may prove decisive victory against much tax avoidance.
Taxflash: UHY engaged to challenge the legality of APNs
12 February 2015
There is very real concern regarding the legality of HMRC demands, in particular the issue of APNs. We have been engaged to challenge this legality with two judicial reviews due to be heard in March and at least one other en route.
G7 economies risk undermining entrepreneurship with excess taxes on business sales
20 January 2015
G7 economies risk seriously undermining business creation by hitting entrepreneurs selling successful businesses with substantial tax bills.