I received a surprise email from a Solicitor contact of mine, asking me to give tax advice to a client who was selling some land. The surprise wasn't that someone was actually selling land in the current climate, but that a Solicitor had realised that there was tax at stake and remembered to ask … [Read more...]
A victory on Penalties (This is not a football story)
Despite what my sons would have you believe, the golf links are not the only courses that I go on. I was at a tax course at Haydock Park Races a few months ago listening to the wonderful Amanda Fisher and she was talking about the new HMRC penalty regime following tax enquiries. This struck, a chord … [Read more...]
78% tax relief? Don’t tell Mr Osbourne
There are a new set of tax reliefs available for investors into new start up businesses. The snappily named "Seed EIS" relief will give an immediate tax deduction of 50% of an investment into a brand new business. this is irrespective of what rate of tax that an individual would pay. So if someone … [Read more...]
Shout out to Landlords
I was at a very unusual course last week. There wasn't a single tee, bunker or fairway to be seen! In fact there was a lot of grass about, but that's because it was being held at Haydock Park Racecourse. It was the first time that I'd heard the speaker talk and I have to take my hat off to Mr … [Read more...]
The odd one out
Which is the odd one out; Starbucks, Amazon, Google and PB Taxation Services Limited? If you were to have been asked that question 2 years ago you would have said, PB Taxation Services Ltd, because it was the only one that you'd never heard of. To be honest, that answer could still be the same … [Read more...]