Faculty of Doctoral Research
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) Act 2016 came into force and replaced certain provisions of UK law (such as the Housing Act 1985 and the Housing Act 1988). It also […]
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. Whether it is a fall, car accident, or workplace accident, such claims can help victims obtain compensation for their injuries, including financial losses suffered. In […]
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 […]
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 […]
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From next year, non-doms in the UK will face a tougher tax regime, as Labor aims to scrap what it sees as an outdated tax benefit and reform Inheritance tax (IHT) obligations.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 […]
