Employers often provide company cars and sometimes fuel for employees' private use. If a company car is made available to an employee,...

In the UK, the capital gains tax rate is currently 24%, while income tax can be as high as 45%. In addition, class 4 National Insurance...

In simple terms a trust arrangement exists whenever there is a separation between legal title and beneficial ownership. A trust is...

In the UK individuals who are considered residents for tax purposes are taxed on their worldwide income and gains. Non-residents,...

Salary sacrifice is an arrangement between an employer and employee whereby the employee agrees to forgo a portion of their salary in...

Rollover Relief (RR) is available to companies and traders when they sell a business asset and replace it with another. RR is a form of...

Land Remediation Relief (LRR) is intended to encourage businesses to remediate contaminated land in order to make it suitable for...

Companies are typically established with the goal of making a profit. However sometimes they may incur losses. When a company makes a...

When a sole trader (or self-employed) makes a trading loss it can be utilised in several ways to reduce tax liability. Effective loss...

Termination payments, often arising at the time of retirement or dismissal, can include compensation for loss of office, redundancy...