Faculty of Doctoral Research
Introduction Inheritance tax (IHT) is a concern for many people planning their estate, particularly those with significant assets. Although there are several strategies for reducing inheritance tax, the “Rysaffe Principle” is one of the lesser known but very effective methods. This strategy helps mitigate the IHT burden through the use of multiple trusts. Here is […]
We supported our Tax Partner Pro members via email and callback service. Here’s a look at some of the most recent questions we answered in October 2024. Q Our client incorporated a rental portfolio into a limited company but made an unrealized gain on incorporation due to the remortgaging of the properties. I understand that […]
When it comes to self-assessment tax returns, being punctual is crucial. Failing to submit your tax return by January 31 following the end of the relevant tax year or failing to pay your taxes due on time may result in automatic penalties from HMRC. Additionally, failure to notify HMRC of the taxation will also result […]
Things to consider… Cryptocurrency has quickly grown in popularity, and as more people invest in Bitcoin, Ethereum, and other digital currencies, it is important to understand the tax implications. In the UK, HMRC considers cryptocurrency to be property and not currency, meaning gains and losses from crypto transactions may be subject to capital gains tax […]
Real estate disputes can be both stressful and complex, impacting your finances, lifestyle and peace of mind. Whether you are a landlord, landlord, tenant or involved in a commercial real estate matter, navigating these disputes requires expertise and a clear understanding of the legal landscape. At Thomas & Thomas Solicitors, we provide tailored legal solutions […]
Inheritance taxes: what can we expect from the autumn budget? The new Labor government faces potentially painful decisions as it tries to plug the “£22 billion black hole” allegedly left in the government’s finances. We should therefore prepare for possible impactful tax changes. Will inheritance tax and capital gains tax be a hot topic? Labor […]
There are many reasons why companies may consider mergers or acquisitions with competitors. The reason may include Expand their market presence Improve financial efficiency Increase shareholder value Achieve economies of scale Merger or acquisition – exciting or challenging! A merger or acquisition transaction can be an exciting and challenging time. However, it is important to […]
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 clear that most companies developing this type of technology could benefit from research and development tax relief. However, as these processes have become increasingly familiar and application development […]
Choosing the right vehicle is crucial when considering how best to manage and protect family assets, particularly in the UK. Traditionally, family trusts have been the preferred option, but in recent years, family investment companies (FICs) have become a more beneficial structure for many families. This article will explore why FICs are increasingly preferred over […]
Introduction As cryptocurrencies like Bitcoin and Ethereum gain greater acceptance in the UK, we are seeing a growing number of investors exploring advanced strategies for managing their crypto holdings. One such strategy could involve transferring personal assets into corporate structures as part of an overall investment strategy. This may offer certain tax and legal benefits, […]
