October 2024

News Posted
Trust and inheritance tax

Trusts and inheritance tax

7th October 2024
Trusts can be an extremely useful planning tool for inheritance tax purposes, as well as for family and business succession planning. Partner Christiaan Hansen looks at how trusts and inheritance tax interact as well as outlining the issues and benefits. Tax is one benefit, but preservation of the family assets is another potential advantage of...
Kenny Logan, Associate JRW

Should you retain a vat number?

4th October 2024
When someone buys a business, they have the option of retaining the VAT number. But what are the pros and cons of doing so? Kenny Logan from our Edinburgh Office looks at the implications. If someone buys the trade and assets of a VAT-registered business, it can be treated as ‘transfer of a going concern’...

Q&A October 2024

2nd October 2024
Partner Kenny Adamson provides the answers in this month’s Q&A. In which tax year do I declare my dividend payments? Q. I receive dividend payments. The next dividend payment date is 25 April 2025. Would I include this in my 2024/25 tax return, or based on the payment date should it be declared in my...

Exit strategy

1st October 2024
When starting a new business, most people don’t give much thought to its end at this point. However, after a number of years, even a small one-person business may have built up a valuable customer list and a goodwill value. It is therefore important that a business owner should consider how and when they might...