Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Business Acquisitions and Disposals
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...
Expert Witness Services
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...
Inheritance Tax – The Residence Nil Rate Band
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...
Partnership Agreements for Farms
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...
Capital Gains Tax (CGT) – Residential Property Pay and File Regime
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 – Business Property Relief and Agricultural Property Relief
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...
Should I incorporate my property rental business?
Following the introduction of the tax relief restriction on finance charges for residential lettings, we often receive enquires asking "should I incorporate my property rental business?". The restriction which has been introduced restricts the tax relief on finance...
Cycle to Work Scheme
The Cycle to Work Scheme is an incentive scheme offered by the Government which allows an employer to provide a bicycle to an employee without a benefit in kind being assessed. Normally, it will be combined with a salary sacrifice scheme, whereby the employee reduces...
Selling a Business – Value Building
To ensure the highest value can be achieved on the disposal of a business, we recommend careful planning, in good time, is undertaken before there is any urgency for the sale to take place. We recommend that one of the initial considerations should be ensuring that...
Business Acquisitions
Many businesses continue to make business acquisitions as part of their strategic growth plans. Reasons may include: To speed up growth. It may be argued that growing a business organically is slow and problematic. Diversification, which may allow risk to be spread...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
