business taxation Archives - Page 66 of 77 - Whitefield Tax - Isle of Wight Accountants

Budget 2016: Finance Bill and directors’ loans

by Jessica Garbett | May 24, 2016 | ACCA, budget, business taxation, personal taxatation

The rate of tax charged on directors’ overdrawn loans has increased to 32.5%. A reminder that from 6 April 2016 the rate of tax charged on loans to participators increased to 32.5%. The new rates apply to loans made and benefits conferred by close companies on or...

Company distributions

by Jessica Garbett | May 17, 2016 | ACCA, business taxation, dividends, HMRC, personal taxatation

Consultation highlights concerns over changes to taxation of dividend income and share disposals. HMRC’s ‘company distributions’ consultation highlighted the concern that the changes to taxation of dividend income and share disposals would drive some to look to...

Tax changes affecting buy-to-let properties

by Jessica Garbett | May 12, 2016 | ACCA, business taxation, personal taxatation, property taxation

The new tax changes for holding a rental property as an individual, or in a limited company, will need to be carefully considered by landlords. These changes impact: allowable expenses stamp duty interest costs treatment of future gains. Wear and tear allowance This...

Farmers’ averaging profits

by Jessica Garbett | Apr 30, 2016 | ACCA, business taxation

The essential features of new averaging requirements. New farmers’ averaging requirements will appear in the Finance Bill 2016 that will apply from April 2016. The essential features will be: no requirement for a volatility test no requirement for an annual claim...

Capital Gains Tax: Entrepreneurs’ relief for a long term investor

by Jessica Garbett | Apr 25, 2016 | ACCA, business taxation, capital taxation

Good news! Entrepreneurs’ relief (ER) will be extended to external investors in unlisted trading companies. This new investors’ relief will apply a 10% rate of Capital Gains Tax (CGT) to gains accruing on the disposal of ordinary shares in an unlisted trading company...

Spring Budget: Entrepreneurs’ relief on goodwill on incorporation

by Jessica Garbett | Mar 27, 2016 | ACCA, budget, business taxation

Entrepreneures’ relief amended to allow increased relief in joint ventures and partnerships. This will apply to disposals on or after 3 December 2014 and will be introduced in the Finance Bill 2016. Entrepreneurs’ Relief (ER) can be claimed in respect of gains...

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Next Entries »

Budget 2016: Finance Bill and directors’ loans

Company distributions

Tax changes affecting buy-to-let properties

Farmers’ averaging profits

Capital Gains Tax: Entrepreneurs’ relief for a long term investor

Spring Budget: Entrepreneurs’ relief on goodwill on incorporation

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