How Do You Pay Capital Gains Tax on Shares? All You Need to Know

A capital gain is the profit you make when you sell an asset for more than you paid for it. If you make a capital gain on the sale of shares, then subject to the exceptions set out below you will usually be liable to pay Capital Gains Tax (CGT). Your gain is usually the… View Article

How To Claim Research & Development (R&D) Tax Relief

The Research and Development (R&D) tax credits scheme offers businesses the ability to invest in new technologies and scientific development in exchange for generous tax reliefs. Businesses investing in R&D projects can benefit from a significant reduction in their Corporation Tax bill. For tax purposes, the requirements that must be met for R&D to qualify… View Article

Applying For Probate Made Simple – Step-by-Step Guide

Probate is the word usually used to describe the process for administering the estate of a deceased person. The probate process deals with the legal and financial aspects of the deceased in order to resolve all claims and distribute the deceased person’s estate in accordance with their final wishes. The estate includes assets, such as… View Article

How To Claim Business Expenses: Step-by-Step Guide

The rules for deciding what business expenses can be deducted from profit for tax purposes are similar whether you trade through a limited company or as a sole trader or partnership. The importance of claiming all your allowable business expense deductions can make a significant difference to your bottom line. For a limited company, the… View Article

A Complete Guide To Venture Capital Schemes in the UK

The various Venture Capital Schemes available in the UK are designed to encourage investment in start-ups and other relatively small businesses. In return for investing in small, higher-risk companies or social enterprises, investors can gain access to significant tax reliefs. It is important to note that these schemes are generally designed for experienced investors. These… View Article

Capital Gains Tax & Stamp Duty Land Tax: Moving Property Into a Company

In this article, we explore tax planning for existing property portfolios, planning for future property purchases and potential inheritance tax mitigation by moving a property portfolio from a partnership into a limited company without having to pay capital gains tax or stamp duty land tax. The rules are complicated and require a mix of service… View Article