Straight from the horse’s mouth

Q and A feature from JRW Hogg & Thorburn

June Q&A

27th May 2025
Should VAT be charged when renting rent out a desk? Q. A business allows one of its subcontractors to use a desk and chair in its office, they also have use of the communal kitchen and toilets. The subcontractor pays the business a fixed amount each week, irrespective of how much time is spent there....
Advice for subcontractors in construction

Advice for subcontractors in construction

27th May 2025
You have recently started out as a subcontractor in the construction industry. But were surprised to find that out you had tax deducted from your first payment. Is gross payment status is worth applying for? Tax partner Kenny Adamson, explains the position. Construction industry scheme The construction industry scheme (CIS) applies to most construction work....
Farmhouse renovation - what’s tax deductible?

Farmhouse renovation – what’s tax deductible?

26th May 2025
You recently bought a small farm and you plan to renovate the farmhouse, which you and your family will then occupy as your home. You have been told you can claim a tax deduction for 70% of the renovation costs. Is this correct? Partner Vivien Hogg explains. You plan to leave the city for a...
Free sample or gift?

Free sample or gift?

22nd May 2025
Giving away samples of your goods or offering free services is a way to attract new customers and to keep those you have. But the trouble with free samples, is that the associated VAT rules are tricky. When must you account for VAT on samples and when can you avoid it? Our VAT expert Kenny...
Are Woodlands a good investment?

Woodlands – a good business investment?

21st May 2025
You have sold your business and are looking to invest the proceeds. Someone has suggested buying woodlands as a good opportunity because they come with financial incentives. But what are they? Kenny Adamson, Tax Partner highlights the opportunities. Investing in land With economic uncertainty starting to affect stock markets, investing in land seems to be...
self assessment

New limit for self-assessment reporting

25th April 2025
The government is planning a change that it says could save thousands of taxpayers from having to file a self-assessment tax return. What’s the full story?  Partner Kenny Adamson has the full story.
Dealing with increase to employee’s working hours

Dealing with increase to employee’s working hours

25th April 2025
If you agree to a part-time employee permanently increasing their hours of work, you must ensure that you properly address any changes to their employment terms which are consequent on that increase. But what do you need to do?  Pamela Singh keeps you fully informed.
Gifts to family

The tax implications of making Gifts

24th April 2025
You are planning to make gifts to your children to reduce the inheritance tax (IHT) burden for your estate. But to achieve this you’ll either need to sell assets to raise the cash or gift them. But how does any resulting capital gains tax (CGT) impact on IHT planning?  Partner and Tax expert Kenny Adamson...
Golden Handshake

A tax-efficient golden handshake?

23rd April 2025
One of your firm’s directors is retiring soon and the board want to pay him a lump sum to reward his long service. However, this type of ‘golden handshake’ is usually taxable. Is there a more tax-efficient alternative?   Partner Kenny Adamson provides the answer.