How to plan for Inheritance Tax

As a Tax Advisor I regularly encounter inspiring individuals and families who have been substantial creators of wealth. Some common features of their journey often involve hard work, determination, courage and consistency over a long period of time.Naturally, most families have the desire to prepare for future security by investing cash in things s....
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“We are already doing R&D. It’s gone more or less okay…”

There are many different companies offering their “expertise” in relation to the HMRC R&D scheme.So which one should you choose? No surprise that I am biased but it has to be one that suits the way that you and your business work, and enables the process to be as engaging and enjoyable as it can be. If you are communicating directly with....
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Can you avoid the additional 3% SDLT

Is there a way to avoid paying the additional 3% stamp duty land tax when you buy a property?1. Buy a mixed use property. Perhaps a shop and flats above it. Non-residential rates apply to this transaction which is considerably less than residential rates and the 3% additional SDLT doesn't apply ?2. Look to buy non-residential properties but not jus....
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HMRC R&D Tax Credit Statistics 2020

R&D Tax Credits form a key part of Government strategy to boost innovation and is a highly rewarding scheme which allows UK companies to reduce their Corporation Tax liability and/or receive a cash injection from HMRC. It is one of the main incentives provided by Government to encourage R&D spending, leading to greater investment in innovat....
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HMRC Patent Box Statistics 2020

Patent Box aims to create a competitive tax environment for companies to develop and exploit patents, supporting business investment and growth to retain the best technologies and inventions in the UK.If businesses have any pending or granted patents, they could be eligible for a significant tax saving, whereby profits from the patented products (a....
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