Tax when partnership assets are distributed in kind
Partnerships are treated as transparent for Capital Gains Tax (CGT). This means that each partner is responsible for their share…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Partnerships are treated as transparent for Capital Gains Tax (CGT). This means that each partner is responsible for their share…
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a…
A waiver of remuneration happens when a director or an employee gives up their right to salary or other cash…
There is a special scheme known as the enhanced capital allowances (ECA) scheme for energy-saving technologies. The ECA scheme enables…
The Government’s draft finance bill has been shelved as we countdown to the general election on 12 December 2019. The…
A negligible value claim is a claim made by a taxpayer when an asset they own has become of negligible…
When you employ someone to work in your home, it is your responsibility to meet the employee's rights and deduct…
All children in the UK have their own personal annual tax allowance. However, anti-avoidance laws prevent this allowance being utilised…
The transfer of a business as a going concern (TOGC) rules cover the VAT implications when a business is sold.…
A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain their separate identities. The…
The meaning of goodwill for CGT purposes is complex. The term 'goodwill' is rarely mentioned in legislation and there is…
1 November 2019 - Due date for Corporation Tax due for the year ended 31 January 2019. 19 November 2019…
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