UK & Offshore Tax Planning Blog
In the 2008 Pre Budget Report a new 45% rate of income tax was announced on anyone earning over £150,000 per tax year. It won't apply though until 6 April 2011. It will apply to all types of earnings so will include: Employees Property traders with…
The PBR introduced a new three year carry back for up to £50,000 of trading losses. This means that certain losses can be carrried back for offset against other income in the last 3 tax years. The new loss relief rules only apply to trading losses…
The big benefit of a share deal as opposed to a disposal of assets is the lower tax rate. Particularly where Entrepreneurs Relief is due. CGT on shares could be as low as 10%, which is much lower than a 21-28% corporation tax charge on a company…