Entrepreneurs’ Relief – easy as A, B, C?
During the Budget, the Entrepreneurs’ Relief (ER) rules were tightened by an extension of the ‘5% rule’.
Huge increase in probate fees re-introduced
Unlike those people whose estates it potentially affects, the proposal has made it back from the dead having been re-tabled on 5 November 2018.
Budget 2018: How much Capex can my business get Tax Relief for? Use our calculator to find out
During his Budget speech on 29 October 2018 the Chancellor Philip Hammond announced a 2 year increase in the Annual Investment Allowance (AIA) from the current £200,000 level to £1m.
Anything “good” in the red box?
We are only a couple of weeks away from the Autumn budget. The Chancellor will deliver this, a little earlier than normal, on Monday 29 October. The pre-budget rumours and predictions are well underway; one of those within the press concerns residential property.
HMRC – got something to tell us?
We have all heard of the ‘Panama Papers’ in 2015 and the follow up ‘Paradise Papers’ in 2017 which purported to expose a large number of individuals and companies who were allegedly hiding assets in ‘tax havens’ in order to protect themselves from UK tax liabilities.