13 Sep, 2024
Being a landlord in Wales can be challenging, from keeping up with changing regulations to ensuring you stay compliant with the law. On 1 December 2022, the Renting Homes (Wales)…
A personal injury claim is a legal action through which a person seeks compensation after suffering physical or emotional trauma due to the negligence or willful misconduct of another person.…
Case of the month Introduction Our client is the beneficiary of a discretionary trust. With a discretionary trust, all distributions received by beneficiaries are treated as if they had already…
Introduction As technology becomes a key part of working life, more and more companies find themselves investing in software or application development. Until recent years, it seemed obvious that most…
CASE REVIEW: SDLT – Non-Residential or Residential Introduction The Stamp Duty Land Tax (SDLT) is a tax imposed on property purchases in the United Kingdom, the rates of which vary…

Successful application for income tax overpayment relief

Case of the month Introduction Our client is the beneficiary of a discretionary trust. With a discretionary trust, all distributions received by beneficiaries are treated as if they had already been taxed at 45%. Therefore, beneficiaries who are not additional rate taxpayers should claim the additional trust tax refund from HMRC. Issue Our client lives […]

1 min read

Navigating the R&D process

Introduction As technology becomes a key part of working life, more and more companies find themselves investing in software or application development. Until recent years, it seemed obvious that most companies developing this type of technology would be eligible for R&D tax relief. However, as these processes have become increasingly familiar and application development in […]

6 mins read

SDLT Non-residential Residential

CASE REVIEW: SDLT – Non-Residential or Residential Introduction The Stamp Duty Land Tax (SDLT) is a tax imposed on property purchases in the United Kingdom, the rates of which vary depending on whether the property is classified as residential or non-residential. Classification ambiguities can easily give rise to disputes. Two recent cases highlight these complexities […]

3 mins read

Labor plans to tighten tax rules for non-UK domiciled individuals

Tax rules for non-UK domiciled individuals Introduction From next year, non-doms in the UK will face a tougher tax regime, as Labor aims to scrap what it sees as an outdated tax benefit and reform Inheritance tax (IHT) obligations. Work projects… Labor plans to improve on the Conservative proposals in the March Budget by implementing […]

3 mins read

Management buyout

Buying and selling a business – Management Buy Out Introduction We were asked to advise the founders on a tax-efficient way to transfer control to an existing employee and a minority shareholder. The founders now wanted to have a minority stake in the company. The problem The minority shareholder did not have the funds to […]

1 min read