Disposing of a Business? Make Sure to Claim Reliefs

Entrepreneurs’ Relief (ER) is a valuable tax relief for individuals seeking to dispose of their business. It can give access to a 10% rate of capital gains tax (CGT), subject to a £10 million lifetime limit. ER is potentially available to company shareholders, trustees, and owners of, or partners in, unincorporated businesses. However, important new … Continue reading Disposing of a Business? Make Sure to Claim Reliefs

Entrepreneurs’ Relief: An Update

Entrepreneurs’ Relief (ER) is available to taxpayers on the disposal of the whole or part of their business. ER means that you pay capital gains tax (CGT) at a rate of 10% rather than 20%, subject to a lifetime limit of £10 million. Following the 2018 Autumn Budget, new conditions have been introduced to ensure … Continue reading Entrepreneurs’ Relief: An Update

Budget 2018: What you need to know

We are delighted to bring you our summary of the key announcements in the Budget 2018 statement, made on Monday, 29 October. The personal allowance will be raised to £12,500 from April 2019, one year earlier than previously planned. At the same time, the higher rate threshold will rise to £50,000, also a year ahead … Continue reading Budget 2018: What you need to know

Funding Your Business’ Needs

If your business is performing well and making a healthy profit, you may be looking at funding options to grow and develop your business. It’s also important to ensure that you are making the most of the available tax reliefs and incentives. Here we consider some key financial pointers that could help you to take … Continue reading Funding Your Business’ Needs

Autumn Statement – The Big Question

Ed Gooderham and Nick Park look at two key issues raised by the Autumn Statement in answer to the South Wales Argus' Big Question this week (see below for their answer in full): "The Autumn Statement has raised, in particular, two key issues. The good news is that there are changes to Stamp Duty Land … Continue reading Autumn Statement – The Big Question