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.

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...

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.

Sub-letting trading premises, should we charge VAT? Q. The landlord of our trading premises charges VAT on our monthly rent, and we claim input tax. We are planning to sub-let one of the floors to another business but are not sure if we should also charge VAT? If we don’t, does this mean we will...

Your business has purchased a commercial vehicle to transport goods to your customers but there will be some private use at weekends. Must you apportion input tax on the purchase price and ongoing costs to reflect the private use? Partner, Alister Biggar, discusses here in this article.

You formed a company several months ago, but it hasn’t begun to trade and may never do so. HMRC has sent you a form asking you to register for corporation tax (CT). But are you required to do this, and what are the implications if you don’t? Partner Joanne Gibson discusses in this article.

Making Tax Digital for Income Tax changes the way that self-employed individuals and landlords report their earnings to HMRC. If you are wondering how this might affect you and your business, Associate Kenneth Logan brings you the story so far along with a guide to the new rules. Making Tax Digital – what has happened...

You have set up a new company but need to find premises before trading can begin. But can you take a salary from the business in the meantime?  Naomi Swan advises below. As you’re probably aware, in most circumstances dividends are the most tax and NI-efficient way to take income from a company. The trouble...

Susan is a self-employed childminder. She is planning to have an extension built on her home, in which she’ll run her childminding business. Susan would like to know if she is entitled to a tax deduction for any of the construction costs. Partner and Tax Specialist, Christiaan Hansen, looks at the implications below. Homeworking Tax...

Digital platforms such as Airbnb can be used to earn income from property in a variety of ways, ranging from the occasional let of a spare room to short-term lets of a holiday home all year round. In this article, Kirsten Hancock explains how income from letting accommodation short term through Airbnb and similar platforms...