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...]
Taxed to the max?
Whatever you think of the current economic situation, what is clear is that the tax revenue required by the Government has to be maximised if the Chancellor has any chance of balancing the books of UK plc. Over the past few six months, we have seen, for example, a number of targetted campaigns … [Read more...]
Offshore doesn’t have to mean tax haven…
I was in Brussels last week, to meet up with a client who works for a UK company but who works all of the time in Belgium. We discussed his position in light of the recent tax case of Gaines-Cooper v HMRC and decided that he was neither resident, nor ordinarily resident, for UK tax … [Read more...]
The Gravity of Property Investment
I am often asked where my office is. And since I regularly meet clients up and down the country, last Tuesday, my office was the Hall of Trinity College, Cambridge: former college of Isaac Newton, Alfred, Lord Tennyson and AA Milne amongst many others. One of my clients, a former fellow of the … [Read more...]