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Calling all not for profit bodies, family charities, pension trusts, etc.
- November 3, 2021
- Posted by: Stephen Coleclough
- Category: Tax
No CommentsHave you ever worried whether your charity meets the public interest test; one which trustees must report upon in their Annual Return (TAR)? Or are you looking for an independent trustee for your SSIP? Or perhaps you have a family trust with difficult decisions to make? Or maybe a trade body which needs guidance and
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Five positive things we have learnt from Covid
- November 3, 2021
- Posted by: Stephen Coleclough
- Category: Health
The SARS – COVID 2 virus has caused the cancellation of many family Xmas’s, huge economic disruption, and has literally changed the world. But amidst the doom and gloom here are five things we have learned for our long term benefit. Public and private health Washing your hands and how to do it. I was
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UK Qualifying Asset Holding Company (QAHC)
- November 1, 2021
- Posted by: Stephen Coleclough
- Category: Tax
In April 2022 the UK QAHC regime comes into place. This type of company must be diversely held as opposed to closely held. Its tax effect is very similar to the foreign branch election for trading companies, but with the difference that closely held trading companies can make a foreign branch election whereas a QAHC
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Budget 27 October 2021 – some things you might have missed
- October 28, 2021
- Posted by: Stephen Coleclough
- Category: Tax
With immediate effect UK residents and non-UK residents will have 60 days in which to file a CGT return on the disposal of residential property, rather than the previous 30 days. With effect from 1st April 2022 A new levy (another word for tax but not using the word “tax”) is to be imposed to
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While you were away… new taxes
- September 28, 2021
- Posted by: Stephen Coleclough
- Category: Tax
Headlines Draft legislation for the new RPDT has been published. Applies to IAS groups which exceed £25m of profits from residential development. Wide scope of activities, but narrow scope of residential e.g. care homes are not included. There is a temporary increase in all NIC rates for 1.25% for 2022/2023. For 2023/2024 onwards, a new
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WEBINAR: Is London still the World’s Global Financial Centre?
- June 22, 2021
- Posted by: Stephen Coleclough
- Category: Tax
I recently took part in a webinar hosted by the Great Britain-Cyprus Business Association. My presentation was titled ‘Inbound to the UK in 2011 compared to post Brexit 2021 and what is coming in 2022’. It can be viewed at 14:10. Download presentation
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Five positive things we have learned from Covid
- March 25, 2021
- Posted by: Stephen Coleclough
- Category: Health
The SARS – COVID 2 virus has caused widespread death, grief and fear, the separation of families, the cancellation of many a family Christmas, and huge economic disruption. It has literally changed our world. But amidst the doom and gloom here are five things we have learned for our long-term benefit. Public and private health
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UK Budget 2021
- March 16, 2021
- Posted by: Stephen Coleclough
- Category: Tax
Headlines SDLT on residential property is now subject to a 2% surcharge for non-UK resident individuals and non-UK “close” companies controlled by non-UK participators. If your company is currently making a trading loss, because of COVID or otherwise, then you can carry that back and set it against, and therefore reclaim, corporation tax paid in
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A drafting reminder: remember the recitals
- March 16, 2021
- Posted by: Stephen Coleclough
- Category: Tax
This is a useful reminder on the value of recitals. We are also advising lawyers and clients to draft board meetings reflecting real life, and say why xyz is being done; because in a few year’s time they will be calling me and asking me if I remember why. We can see “what”, but “why”.
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The day after Brexit
- September 30, 2020
- Posted by: Stephen Coleclough
- Category: Tax
First some important facts[1]: – The sun will rise, and later in the day, set. It will still be winter in the Northern hemisphere. There will be bills to pay, lots of them, hangovers to nurse, and time will march on. It will still be the case that anyone who wants to be a politician