Agricultural Property Relief – What Landowners Need to Know When it comes to succession planning in the UK farming sector, agricultural property relief (APR) remains a vital tool for reducing inheritance tax (IHT) exposures when farmland or agricultural business...
Gift your holiday let by 5 April 2025 to benefit from holdover relief for FHL If you own a furnished holiday letting (FHL) and are considering passing it on, acting before 5 April 2025 could allow you to take advantage of holdover relief for FHL. After that date, FHLs...
As the cost of living crisis continues to bite, you may find that come 31 January 2025 you are struggling to pay your Self Assessment tax bill. If this is the case, it is important that you do not bury your head in the sand – the bill will not go away and, with the...
When Is VAT Charged on Auctioned Commercial Property? Not all commercial property sales attract VAT. Typically, the sale or lease of commercial property is VAT-exempt. However, VAT on commercial property auction purchases becomes relevant in two key scenarios: The...
Tax-Efficient Benefits in Kind: Smarter Than Salary or Dividends? Tax-efficient benefits in kind are becoming a strategic alternative to salary and dividends for directors and employees seeking to reduce their tax burden. With updated HMRC rules and incentives for...
Recent Comments