skip to navigationskip to main content

GUILDFORD: 01483 898400

FARNHAM: 01252 856977

LONDON: 0207 846 0084

August 2007

  • Victory for Husband and Wife Companies!

    Newsletter issue - August 07. The long-running tax case known as Arctic Systems has finally reached its conclusion with a decision by the House of Lords in favour of the taxpayer: Mr Jones. This means that Mr Jones will not have to pay higher rate tax on the dividends paid out of his company (Arctic…More

  • What will the Taxman do now to Attack Small Companies?

    Newsletter issue - August 07. The Taxman is a bad loser, and after a big defeat like Arctic Systems it is quite likely the tax law will be changed. In fact the Treasury has already announced that they will be looking to change the law to prevent people splitting income between themselves in an unfair…More

  • How to Cash-in on Goodwill

    Newsletter issue - August 07. When you transfer your existing unincorporated business into your own limited company you could sell the goodwill that has built up in the business to the company for a tidy sum, then draw that amount out of the company tax-free over a number of years. It works like this: Say…More

  • August Question and Answer Corner

    Newsletter issue - August 07. Q. I am about to sign a lease for a new shop, but the landlord wants to charge VAT on the lease rental payments. The solicitor has grossed up the lease payments including VAT for the full lease term, to calculate the Stamp Duty Land Tax due. This means I…More

Tax Tips & News RSS Feed