Private Client Tax Articles

Pension Saving – Worth another look?

The wider issues around pension provision are well known, but I have long taken the view that while making pension contributions can mitigate tax liabilities, the restrictions on the level of funding and the age at which benefits may be taken mean that it is not for everyone, or suitable in all circumstances. In fact, it can be quite an expensive way to save tax.   Key pension reforms The...

How Do You “Claim Non-Dom Status” for UK Tax?

The truth is that you can’t! Domicile is a legal concept and there are principles to determine it, but in general terms a person’s country of domicile is the country they consider to be their permanent ‘home’. They may choose to live elsewhere in the world but will usually retain strong associations with their country of domicile, including those of heritage, language, culture and family ties....

HM Revenue & Customs – Delays in Issuing Tax Repayments

A recent telephone call to HMRC has however elicited information that in some cases, repayments may take a great deal longer to come through than anticipated. A client is due an Income Tax repayment which was claimed as a bank transfer request in their 2021 tax return, filed online in October last year. Normally we would expect the transfer to be made within two weeks or so from the date on...

Connected persons for tax purposes

The definition of a connected person for tax purposes varies. A statutory definition of “connected persons” for Capital Gains Tax...

Tax and employee share schemes

There are a number of government approved share schemes which offer various incentives to employees. The rules of the schemes...

Tax relief for training costs

If you are self-employed it is important to know if an expense is tax allowable. Any allowable costs can be...

Post cessation transactions

Tax relief may be available for post-cessation expenses of a trade. To be an allowable post-cessation expense the trade must...

Reclaiming pre-trading VAT

There are special rules that determine the recoverability of VAT incurred before a business registered for VAT. This type of...

Are we unpaid tax collectors?

Business owners often refer to VAT as if it were a cost to their business regardless of their VAT position;...

Child Benefit for 16 – 19 year olds

More than a million parents will receive reminders to extend Child Benefit for their teenagers if they are continuing their...

by Andrew Stanton

Mitigating Labour VAT on private school fees

Explore the potential Labour VAT threat on private school fees and prepayment strategy to swerve the VAT risk.

Multiple Dwellings Relief for SDLT

It was announced as part of the Spring Budget 2023 that Multiple Dwellings Relief (MDR) was being abolished. This change...
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