Business

Business Succession, Mutual Wills & Proprietary Estoppel

The England and Wales High Court (EWHC) has rejected a will challenge made by two brothers on the basis of mutual wills allegedly made by their parents. Nevertheless, it allowed the claim on the alternative ground of proprietary estoppel.  This…
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Dealing in Horses is not a trade for EIS purposes

A cautionary note on supposedly tax efficient investments (and qualifying for any tax relief).  The lesson is that you must meet the rigorous conditions that come with it and not just go through the motions in order to make a…
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DIVIDEND STRATEGY FROM 6 APRIL 2016

Tax policies introduced during the first decade of the 21st century encouraged the use of companies as a trading vehicle. The result was that many traditionally self-employed people incorporated their businesses, took salaries equal to the income tax personal allowance…
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THE SUMMER FINANCE BILL: WHAT IS MISSING !

The second Finance Bill 2015 and its explanatory notes were released on 15th July. The Bill received it’s second reading in the House of Commons on 21st July, although MPs will not debate it until September, after the summer recess. The Bill is expected…
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SUMMER BUDGET 2015: INITIAL THOUGHTS CORPORATE

Re-defining the Taxation of Dividends Post April 2016 Planning As a result of the changes announced in the budget, tax planning involving dividends will become less attractive, and we are likely to see a move towards paying salary rather than…
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