What Next For Landlords?

2020: a potential crossroads for landlords of private residential property. The year has already seen significant tax reform impacting the rental sector. Covid-19 only increases market turbulence. What’s changing and what are the options to help you plan for the future.Capital gains tax: 30-day payment and reportingThere was a change to the ca....
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Latest R&D and Patent Box figures released

On 30 September, HMRC published its annual Research & Development Tax Relief (R&D) and Patent Box tax relief (PB) statistics.These took the usual format and, as in previous years, due to the two-year window to make claims, the most recent data is incomplete. Therefore, for comparison purposes, it is necessary to compare 17/18 data with....
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Asset Protection

The impact of the Covid 19 Pandemic on businessesThere is no doubt that the current trading environment continues to place considerable pressure on businesses.If you are running a business which has a significant asset base you may well be concerned  about the impact of Covid 19 and the knock-on effect on assets, e.g. property, that you hold.T....
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Are you / your clients optimising their R&D Tax Credit Claim?

R&D Tax Relief is not simply an opportunity for UK businesses to get funding; it’s an entitlement for any innovative UK business satisfying the definition of R&D for tax purposes.However, did you know that a large number of companies are not still taking advantage?Many are simply unaware of the scheme and that they are undertaking eligible....
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Common misconceptions about claims for Capital Allowances on embedded plant

The common misconception that many accountants have when considering a claim for Capital Allowances on embedded plant, and the effect it will have on the Capital Gains Tax (CGT) liability due on the future sale of the asset.  Capital Gains Tax (CGT)When a commercial property is sold at a profit, this profit is subject to CGT. The gain is....
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