Capital Gains Tax Planning

By Gary Robinson / January 31, 2020

Selling something you own for more than you bought it for is not only the basis of making a profit and doing ‘good business’; it is also the start of your liability for capital gains tax (CGT). In its broadest terms, CGT is a tax that applies when you dispose of an asset (meaning selling…

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Transfering Property into a Limited Company

By Gary Robinson / November 21, 2019

When you transfer property which in not your residential home into a company this must be done right as this has huge tax implications if not done correctly. There is a way to get this into a company avoiding stamp duty but this only applicable to those who run this as an partnership. By a…

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HMRC Ways to Uncover Unpaid Tax

By Gary Robinson / August 29, 2019

HM Revenue & Customs Having Access to Your Bank Account HMRC direct recovery of debts has been in force 06 May 2014 and they wanted parliament to introduce new powers in next year’s finance bill which would allow them to dip into to debtor’s bank accounts without any independent oversight. HM Revenue & Customs Officers…

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Do you keep the required documents

By Gary Robinson / August 22, 2019

Having the Right Documents to Back Up the Accounts As a director of a company you have an obligation to submit your accounts to HM Revenue & Customs whether this is done by the company or your accountant. They will then do internal checks to make sure that your company is paying the right amount…

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