UK Tax Blog

UK & Offshore Tax Planning Blog

Claiming EIS relief to reduce income tax

EIS relief provides for a number of tax exemptions. One of the key reliefs is that you can qualify for a 20% income tax relief when you subscribe for shares in a qualifying EIS company. This means that 20% of the amount you invest in EIS shares can…

Tax on 'disincorporation'

Anyone considering ceasing to trade as a company and instead carrying out their business as a sole trader or partnership should be very careful to ensure there are no taxes on disincorporation. Given the changes to the rates of corporation tax…

Should I reoccupy a property increase PPR/main residence relief?

It's a common question. You own a property that used to be your main residence and which is now let. You're interested in reducing capital gains tax on the disposal. Before you sell one option is to reoccupy the property as a main residence - but…

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