Practical guide: a guide to the new super-deduction
Budget 2021 introduced a new temporary super-deduction for capital expenditure. Set at 130% of the amounts incurred it certainly looks attractive, but what potential pitfalls should company owners be aware of before they make a claim?
PRACTICAL GUIDE: PRIVATE RESIDENCE RELIEF AND CASE LAW
HMRC is challenging more and more claims for private residence relief, particularly where there are multiple properties and it isn't obvious that there has been any actual occupation of the property sold. How can two recent tribunal cases help when making a claim?
Practical guide: Incorporating a property business
An individual with a significant property portfolio is considering incorporating their business. What are the key considerations and are there any traps to avoid or tax planning opportunities?
PRACTICAL GUIDE: WHAT HAPPENS TO COMPANY LOSSES UPON A SUCCESSION BY A NEW COMPANY?
A loss-making company is in the process of introducing new shareholders as part of a turnaround plan. The shareholders wish to start afresh and transfer the trade to a new company. Can the historic trading losses be transferred along with the trade?
Practical guide: Using a growth share plan as an alternative to EMI options
A company wants to retain and incentivise a key member of staff. The owners have discussed the enterprise management incentive, but the company is excluded under the legislation. What alternative can offer the same benefits?
Practical guide: Reclaiming VAT on coronavirus-related costs
The coronavirus crisis means that many businesses will need to take out a new bank loan or overdraft. They might also need to make staff redundant and relocate others to homeworking or other sites. What VAT can they reclaim on the costs they incur?