This month, many advisers will be engaged with employers’ year end returns. Advisers should be aware that the Finance Bill measures extending the rules on loans from close companies to participators have come into effect. Consideration should also be given to Finance Bill provisions concerning: the treatment of certain debts for the purpose of calculating IHT; and the new annual tax on enveloped dwellings.
This month, many advisers will be engaged with employers’ year end returns. Advisers should be aware that the Finance Bill measures extending the rules on loans from close companies to participators have come into effect. Consideration should also be given to Finance Bill provisions concerning: the treatment of certain debts for the purpose of calculating IHT; and the new annual tax on enveloped dwellings.