It is heavily mooted that Rishi Sunak is going to announce that he plans to significantly reform or possibly abolish inheritance tax (“IHT”). This is likely to be a talking point for quite some time. Therefore, we have provided some context to the potential reform below. Background IHT is levied on the death estate according…
DetailsThe UK’s Tier One “Investor Visa”, which gave wealthy immigrant investors the opportunity to live in the UK for an investment of £2 million and above in qualifying UK assets, was suspended without warning on the 17th February 2022, with immediate effect. Those persons holding the Investor Visa already, or those with pending applications, will remain eligible…
DetailsWith inflation rising and following the financial markets’ reaction to the not-so mini, mini-budget, Chancellor Jeremy Hunt’s Autumn Statement had to build global confidence in the UK economy once more. Put crudely, the tax-take had to increase and expenditure needed to decrease. At least the incumbent Chancellor couldn’t do any worse than his predecessor… After…
DetailsHow to sell your Business When the time comes to sell your Business, it can be one of the most significant and stressful financial transactions you will ever make. In this webinar, Roger Holman of Mark Davies & Associates and Liz Barton from Doyle Clayton demystify the process in a practical, step-by-step guide. How do…
DetailsHMRC target non-resident corporate landlords… HMRC have started sending letters to non-resident corporate landlords owning commercial property in the UK that have not previously filed tax returns. HMRC suspect that these companies are likely to be in receipt of rental income (or possibly business profits attributable to a permanent establishment) that have not previously been…
DetailsThe Pandora Papers were the biggest release of offshore data to date, involving the leak of millions of documents in October 2021 by a number of offshore financial service companies. Letters have been issued to some individuals named in the Pandora Papers Having taken time to review the leaked information, HMRC have now begun the…
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