Tax

Many farmers and equine businesses own private horses and it is often a matter of debate as to how the private use is treated in the Accounts and tax computation. As always there are tax planning [...]

This article focuses on the UK inheritance tax (IHT) transferable nil rate band (TNRB).  The author does not seek to address issues relating to the residence nil rate band, or the residence [...]

Around this time of year many Brits will be taking the trip across the Channel to house hunt. Despite the extremely long drawn-out Brexit process we have found many are still following their [...]

Purchasers of residential property pay SDLT under the punishing Table B rates of SDLT whereas purchasers of non-residential property pay much lower rates of SDLT under Table A. There is also no [...]

The Office of Tax Simplification (OTS) were tasked by the Chancellor of the Exchequer in January 2018 to review a wide range of administrative and technical aspects of inheritance tax (IHT). The [...]

An organisation called Tax Justice Network was reported in the Guardian on 3 June 2019 as having published a report entitled “How Inheritance Tax breaks favour the well-off”. It comments on the [...]

It is imperative to look at all inheritance tax planning for the UK farming industry, especially with the introduction of the Agriculture Bill and increasingly elderly farmers. Emphasis must be [...]

Many people are reaching saturation point with the subject of Brexit. But there are a number of recurring themes in questions being asked by concerned clients who own Spanish properties. Some are [...]

Hot off the press from HMRC - they clarify the correct income tax treatment in Estate Administration. There are three ways in which income tax may be accounted for during the administration [...]

The farming business of a sole trader generally ceases on death. Likewise, where there is a farming partnership, if there is no clause in the Partnership Agreement about continuing the [...]