4 Aug

Using loan trusts to save IHT

  • admin | News, Resources

A loan trust can be used as a vehicle to save inheritance tax, whilst retaining the ability to access the funds lent to the trust.

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4 Aug

Claiming tax relief for employment expenses

  • admin | News, Resources

In most cases, employees will be able to claim back any expenses that they incur in doing their job from their employer. However, where the employer will not reimburse the employee’s expenses, there may be tax relief to be had.

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4 Aug

Starting a business – what profits are taxed?

  • admin | News

An unincorporated business pays tax on what is known as the `current year basis’. This means that, as a general rule, the profits for a tax year are taxed by reference to the profits for the 12 months to the accounting date that ends in that tax year.

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25 Jul

Annual investment allowance

  • admin | News, Resources

The annual investment allowance (AIA) is a capital allowance that enables a business to write off the cost of most items of plant and machinery in full against profits in the year in which the expenditure is incurred.

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