The CGT annual exemption
Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling various types of assets including…
ATED | Annual Tax on Enveloped Dwellings
ATED is an annual tax payable mainly by companies that own UK dwelling (residential property) valued at more than £500,000. ATED applies to enveloped dwellings unless a relief is claimed.…
Overdrawn director’s loan accounts
In a personal or family company, the lines between the directors as individuals and the company are often blurred – the director may lend money to the company when cashflow…