Month: September 2013

  • NEW IHT RULES RELATING TO LIABILITIES

    NEW IHT RULES RELATING TO LIABILITIES This will not only impact NON UK Domiciled individuals but also any other person subject to UK Inheritance Tax (IHT) on their worldwide assets. NON UK Domiciled Person: Were you intending to borrow monies against UK held property and invest these monies outside the UK, thereby converting these funds…

  • LOANS FROM CLOSE COMPANIES TO THEIR PARTICIPATOR

    LOANS FROM CLOSE COMPANIES TO THEIR PARTICIPATOR Changes to S455 CTA 2010 – Charge payable by Company. A S455 CTA 2010 charge arises when a company makes a loan to an individual who is a shareholder of the close company or to one of his associates. The charge is 25% of the loan and is…

  • CAP ON UNLIMITED INCOME TAX RELIEFS

    CAP ON UNLIMITED INCOME TAX RELIEFS Do you have trading losses in the current year from your business (Sole Trade or Partnership)? Do you have losses arising in your property business as a result of claiming Capital Allowances? Have you paid interest on monies borrowed for a qualifying purpose, such as investing in a business,…

  • THE NEW STATUTORY RESIDENCE TEST

    THE NEW STATUTORY RESIDENCE TEST The 2013 Finance Bill has introduced new Legislation to put the matter of UK Residence Status on a legal footing rather than having to rely on past practices, changes in interpretations and case law. This should provide more certainty to people moving in and out of the UK temporarily or…

  • Capable Accountants in Bristol: Nailing the Numbers Right on Track

    When it’s taxpayers’ money on the line, simple flaps can derail the importance of spending on projects deemed vital for national defense. According to the Telegraph’s Christopher Hope:

  • How Bristol Bookkeeping Services Advise You to Stay Ahead of HMRC

    Running foul of Her Majesty’s Revenue Collection (HMRC) may have some serious consequences. According to Daniel Hunter of the Free Business Thinking website: