We have recently assisted with another successful business acquisition on behalf of a client. Despite the uncertainty caused by Covid, corporate finance activity remains strong and we are finding a significant number of business acquisitions and disposals are taking...
As an Expert Witness, Paul Short has been required to provide his opinion to assist the Court in making its decision. The majority of our assignments in this sector relate to: Divorce Civil Disputes We will often be engaged to report on business valuations or the...
The Residence Nil Rate Band for Inheritance Tax provides a greater death nil rate band if an individual dies and leaves their family home to their children, grandchildren, step children or adopted children. The normal Nil Rate Band is increased from £325,000 to...
Many businesses run as partnerships, whereby a number of individuals will be involved in running the business. In this article, I am going to look at Partnership Agreements specifically for Farms. For farming partnerships, the following common factors will often...
New rules were introduced in April 2020 requiring that individuals who sell residential property on which CGT is payable must report and pay the gain to HMRC within 30 days of completion of the sale of the property. We are continuing to assist clients in meeting their...
Inheritance Tax is charged on the value of assets and two important reliefs are available in the form of Business Property Relief (BPR) and Agricultural Property Relief (APR) which provide an exemption at either 100% or 50% on qualifying assets. Business Property...
