• Tax relief on Invest In An Enterprise

    • June 1, 2015
    • Posted by: admin
    • Category: Business Growth, Start-ups, Tax
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    EIS schemes offer tax relief on contributions at 30% and a tax deferral on gains. EIS investments are generally high risk and invest in a single company. If the investment is into your own company, only CGT deferral relief is available. Investing in an EIS Example: John and EIS John decides to set up a

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  • Exemption from Inheritance tax – Gifts Out Of Income

    • May 25, 2015
    • Posted by: admin
    • Category: Property, Tax, Uncategorized
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    There is an exemption for inheritance tax purposes, in addition to the £3,000 annual allowance, for gifts made out of income on a regular basis. It is important to establish the regularity of the payments in order to qualify for this relief, so if gifts are made in cash then these should be regular in

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  • Inheritance allowance if you are getting Married

    • May 18, 2015
    • Posted by: admin
    • Category: Property, Tax
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    If someone is getting married then there are certain exemptions for gifts made to them “in consideration of” the marriage. Note that these gifts should be given at the time of the marriage, and they must be conditional on the marriage actually taking place. If it is one of your own children who is getting

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  • Is it a Phone or Computer?

    • May 11, 2015
    • Posted by: admin
    • Category: Expenses, Tax
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    The provision by employers of mobile phones for employees is today very common. Employers want to be able to contact their employees throughout the working day and a full tax exemption makes it an attractive perk for the employee. Typically, employers will allow their staff to use the phone for sending and receiving private calls,

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