Solid Business Blog

Business tips, success stories and more.

Tax Question Of The Week: PENSION DEDUCTIONS

We have received many queries from payroll departments on how to process refunds of pension contributions when auto-enrolment and opting out span a tax year. There is also some confusion about relief at source and net pay pension schemes so we hope this article helps...

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Tax Question Of The Week: PROFESSIONAL FEES

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...

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Tax Question Of The Week: ENTREPRENEUR’S’ RELIEF

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...

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Tax Question Of The Week: PPR – SELLING NOW OR DELAYING

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...

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Tax Question Of The Week: PPR NOMINATION

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...

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Tax Question Of The Week: RESIDENTIAL NIL RATE BAND

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...

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Tax Question Of The Week: AMORTISATION RELIEF

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...

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