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
Higher CGT rates on the sale of larger businesses risk dampening entrepreneurs’ drive to expand
Our research shows that a business owner selling a larger business could pay double the proportion of tax paid by a less successful peer.
Extra revenue collected from HMRC Capital Gains Tax investigations up 24% in a year
HMRC’s investigations into individuals and small businesses resulted in a record-high £136 million extra Capital Gains Tax being collected in 2013-14, up 24% on the £110 million collected in 2012-13.
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.
Taxflash: Mileage rates – December 2014
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
Taxflash: Annual Tax on Enveloped Dwellings
ATED came into effect on 1 April 2013. With effect from 1 April 2015, the threshold will be reduced to £1million and from 1 April 2016 it will drop to £500,000.