Property Tax and the Lease Premium Rules – Why is the tenant’s tax relief...
When a landlord grants a tenant a short lease for a premium, part of the latter sum is treated as an income receipt in the hands of the landlord. The tenant is allowed to deduct this income element...
View ArticleCapital allowances case – mixed partnership denied annual investment...
In the case of Drilling Global Consultant LLP v HMRC, a limited liability partnership (“LLP”) was denied the annual investment allowance on upgrading an aircraft on the basis that its members weren’t...
View ArticleCorporate Tax rates are coming down to 18% – will the investment funds in...
For years, retail investment funds have been subject to corporation tax at a special rate of 20% – special, because for a long time, the main corporate rate was 30% or more. But recently, corporate...
View ArticleUpdate – Will Investment Funds be taxed at the same 18% rate as Corporates?
I can’t believe it. I’ve received a response to my email to HMRC enquiring what will happen to the tax rate for retail investment funds when the corporate rates are coming down to 18%. Someone thinks...
View Article
