Solid Business Blog

My employer has heard of a new combined life policy which also covers critical illnesses and claims that there is no taxable benefit on the premiums. Is this correct? Yes, possibly – but it depends upon the precise terms of the policy. Several policies claiming to...

My clients have inquired about the possibility of claiming relief for expenses incurred in connection with closing down their company. In particular, they would like to know whether they could get tax relief for professional advice that they have taken and whether...

If I leave my main residence to an interest in possession trust on my death for the benefit of my spouse as the life tenant and my children as the remaindermen, will I still benefit from the residential nil rate band? You will not appear to benefit from the residence...

We recently received a question to the advice lines regarding a family company and the availability of entrepreneur’s’ relief (ER) with regard to different classes of shares in issue. A total of 11,000 shares are in issue made up of A and B shares. Mother and father...

This question is based on a call to the Advice Lines where a client never had the intention to be a landlord for very long. He had fallen into those circumstances because it had been difficult to find a buyer for his property when he moved home – not an uncommon...

I have a client who currently has an interest in two residential properties. One property he clearly occupies as a main residence and the other was bought to use as a holiday retreat for family weekends. Now that my client has two properties available to him should he...

If I leave my main residence to a discretionary trust on my death for the benefit of my children, will I still benefit from the residential nil rate band? To benefit from the residence nil rate band you must leave your main residence to a direct descendant. For the...

I have heard that we can now get corporation tax relief for the amortisation of goodwill, is this true? Amortisation relief in respect of intangible assets appears to have experienced a bit of a rollercoaster ride throughout the various legislative amendments in...