Faculty of Doctoral Research
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 […]
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From next year, non-doms in the UK will face a tougher tax regime, as Labor aims to scrap what it sees as an outdated tax benefit and reform Inheritance tax (IHT) obligations.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 […]
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 […]
Some advisers claim that by taking a series of steps planned in advance, the value of a property company’s shares is completely sheltered from inheritance tax (IHT). When something seems too good to be true… Unfortunately, the reality is that property held personally, in a trust or in a business will be subject to IHT. […]
Q I have a client who is a supervisor and paid on PAYE. When I do the self-assessment checker, the last question asks if they are proctoring and then says they need to do a self-assessment. I don’t understand why because they are on PAYE. Can you please clarify? It also appears that supervisors can […]
We support our Tax Partner Pro members through our email and callback service. Here’s a look at some of the most recent questions we answered on July 24. Q My client has the following income: UK state pension / UK self-employment / UK rental income All of this will continue – but he plans to […]
Case of the month – Complex self-assessment tax return Introduction Our client contacted ETC Tax for some fairly complex tax matters after being laid off throughout the year and making a significant sale of stock in his ex-employer. Issue Our client had to take into account various factors, such as:• Various gift aid payments;• A […]
So, what is a split? Spin-off is a somewhat catch-all term for any situation in which a company or group of companies splits into two or more parts. This could be due to several reasons… Part may need to be sold and part kept Shareholders may have agreed to part ways It is simply necessary […]
Introduction In preparing a tax return for our client, we found that in previous years he had not taken into account his pension contributions and the impact this might have on his tax liability. The problem The issue was that our client could have been required to pay the annual retirement allowance due to his […]
In the UK and around the world, people are living longer. The latest statistics show that by 2030, one in six of us will live past 60, and 70 will now be classed as the new ’65’, or the start of old age. As more of us live to old age, the risk of becoming […]
