Faculty of Doctoral Research
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, […]
Introduction We were contacted by a client who recently realized that they had incorrectly declared their workplace pension contributions on their tax return. Although the degressive provisions were taken into account, he had not calculated or declared the annual allowance (AAC) which applies when the total contributions exceed the annual allowance. Issue Our client had […]
Introduction With the Labor government pledging not to increase income tax, national insurance or VAT rates in its election manifesto, speculation is growing over whether further Taxes (such as capital gains tax) could be subject to adjustments in the coming months. Fall budget on October 30. Possible tax increases! Chancellor Rachel Reeves has highlighted the […]
Q I have a question regarding our client, who sporadically exports physical and digital goods to the EU and US. In the past, he sent a package to Poland without charging VAT, because it was a B2B sale. By the time the package arrived in Poland, it was stopped by customs, resulting in our customer […]
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 […]
