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Author: Peter Vassallo

Blog | 4 Mins Read

Is Labour’s rumoured attack on partnerships justified?

The issue According to reports in this week’s media, Rachel Reeves is planning to hit partnerships with higher tax charges at next

Blog | 3 Mins Read

What’s going on with the Winter Fuel Payment

The issue The Government recently announced a U turn on its controversial plans to scrap Winter Fuel Payments (WFP). This benefit provides

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Check Your National Insurance Contributions History

Anyone planning to claim the UK state pension at retirement should check their national insurance (NI) record before 5 April 2025. Curren...

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What options are there for AIM shares after the October b...

The issue Acquiring AIM share portfolios has been a tempting inheritance tax (IHT) planning opportunity for many years. This is because once

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Can the 30-day bed and breakfasting rule act as a hedge a...

The issue Before March 1998, ‘bed and breakfasting’ of shares was a generally accepted piece of tax planning. This would work by

Blog | 3 Mins Read

Do not accept invalid tax enquiries!

The issue We are seeing and hearing about an increasing number of HMRC errors in relation to tax enquiries. I am not

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Statutory Residence Test – The trouble with becoming non-...

The issue As a matter of fact, many individuals are now considering breaking UK tax residence. Many of these individuals will have

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Child’s occupation of ATED property can lead to a n...

The issue The Annual Tax on Enveloped Dwellings (‘ATED’) is a yearly charge applying to high-value residential property which is held by

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Don’t forget about employee shareholder capital gai...

The issue Employee shareholder status (ESS) was introduced on 6 April 2013 and was a very generous employee share incentive. Broadly it

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Business Asset Disposal Relief (‘BADR’) for 4.9% sharehol...

The issue When shareholders seek to claim the special 10% BADR capital gains tax rate it is a fairly well-established principle that

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Full Expensing vs The Annual Investment Allowance –...

The issue Many companies will be starting to think about ‘full expensing’, which was temporarily introduced at the 2023 Spring Budget and

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Section 169Q elections when there’s no more BADR

The issue The heady days of a £10m lifetime Entrepreneurs’ Relief allowance are now a distant memory. This was reduced to £1m