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November 22, 2003

Family Inheritance Tax


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Tax is a family matter Previously in Topical Tips we have drawn attention to the need to take advice on family inheritance planning. The importance of this has been further

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September 22, 2003

Capital Gains Tax Exemption


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Sell at a profit and pay no tax! A little known fact is that some items are, by definition, not subject to Capital Gains Tax (“CGT”) should you sell them

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July 22, 2003

Inheritance Tax Plannings


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… and the Eversden Trust scheme really annoyed them! In a well-publicised tax case called IRC v Eversden, the taxpayer established a trust for the lifetime benefit of her husband

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June 22, 2003

Child & Working Tax Credits


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A pointless parallel? …Or smoke & mirrors? These new tax credits have been in existence since 6 April 2003 and are seen by many as little more than political sleight

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May 23, 2003

Company Van Treatment


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In issue 1 of Topical Tips we highlighted the substantial tax savings that could be enjoyed by having the private use of a company van rather than a company car.

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May 22, 2003

Maternity & Sick Pay Changes


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New employee rights from 6th April All employers need to be aware of recent major changes to employees’ rights to maternity leave, paternity leave and sick pay. For example, for

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April 25, 2003

Business Asset Tax Relief


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“Entrepreneurs threaten to quit UK over stealth tax” – that’s what was written in The Times on 26th March in respect of a perceived new attack on Business Gift Relief

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April 22, 2003

Settlements Legislation


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A tax efficient means of remuneration for many small business owners is by way of dividend rather than salary. This itself is not under threat, but in certain instances where

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March 30, 2003

National Insurance Increases


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A recent survey by a leading firm of consultants showed that 60% of the UK population are unaware how the impending rise in National Insurance Contributions will affect them! In

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March 29, 2003

Company cars: more tax changes


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From 6 April 2003 the tax rules on company cars change yet again! Here are six points you should consider: New basis of fuel scale chargeFrom 6 April 2003 the

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March 28, 2003

Information & Communication Reliefs


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Small companies can claim 100% tax relief on ICT until 31st March only! The Finance Act 2000 introduced a generous 100% tax write-down known as a “first year allowance” for

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March 27, 2003

Tax-Free Development Gains Revisited


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In Issue 19 of Topical Tips we reviewed how, in certain circumstances, tax-free gains could be made from selling off up to half a hectare (about an acre) of garden

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