Knowledge

This article provides a broad outline of capital gains tax (“CGT”) from identifying what is taxable, working out your capital gains and determining if tax is payable, and when.

To help you understand CGT, this article answers a number of frequently asked questions and uses examples throughout.

A recent case at the First Tier Tribunal (FTT) has highlighted the importance of obtaining sound advice when structuring your tax affairs, and just how difficult it can be to get yourself out of a bind once you’ve caught HMRC’s eye.

Along with Birketts LLP (led by Ed Savory), Lovewell Blake’s Corporate Finance team has advised on a management buyout of Richards Dry Dock and Engineering Ltd and it’s subsidiaries, including Alicat Workboats, from the Gardline Group.

Tax can be a huge concern when thinking about selling a house, but Principal Private Residence (PPR) is a powerful relief which can allow you to sell your main home completely tax free. But what about when you’ve built a new house?

Anyone involved in farming knows that success means being extremely determined, overcoming adversity and times of turmoil, the occasional slice of luck (and doing everything you can to make your own luck) – and above all an emotional and personal connection with the land.

The Sonder Europe Limited (Sonder) VAT case highlights a potentially favourable VAT opportunity for businesses involved in providing UK holiday lets or short-term accommodation.

Embarking on your first financial audit can be a daunting process, particularly if you're not entirely sure what to expect. Yet, this pivotal step in your business's growth is less formidable when equipped with adequate knowledge and preparation.

An increasing number of Academy Trusts are choosing to set up a separate trading subsidiary – but what are the advantages and potential pitfalls of this kind of structure, what considerations need to be taken into account, and should more Trusts be going down this route?