Inheritance Tax Planning for Farmers – Understanding the APR and BPR Changes Inheritance tax planning for farmers is about to become much more complex, particularly with the changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) taking effect...
Claiming Business Travel Expenses on Holiday For many business owners, the warm weather brings thoughts of holidays. But what if you also meet a client, visit a supplier, or attend an event while you’re away? Claiming business travel expenses on holiday is a common...
Director’s Loan Accounts – The 30-Day Rule Explained A director’s loan can provide short-term flexibility for directors, participators, or their associates who borrow funds from their company. With HMRC’s official rate of interest (ORI) set at 3.75% per annum from 6...
Loans to Participators: Lending from a Family Company to a Family Member Making a loan from a personal or family company to a family member may seem straightforward, but it comes with potential tax implications. One of the key rules to be aware of is Loans to...
Understanding Capital Allowances for Cars: A Complete Guide When running a business, the rules on capital allowances for cars can feel confusing compared to other types of assets. Cars are treated differently, and the tax relief available depends on whether you’re a...
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