In a Budget that had little to say specifically about owner managed businesses, the most striking changes were to entrepreneurs’ relief, writes David Whiscombe (BKL Tax).
Jackie Wheaton (Moore Stephens) answers a query on the tax consequences of the liquidation of an LLP.
Exit charges and freedom of establishment
Failed scheme and negligence
The Office of Tax Simplification (OTS) has published its third and possibly final report on the subject of the taxation of partnerships for smaller unrepresented businesses that are trading in an unincorporated form. Mark Waddilove (Baker Tilly) which responded to the consultation, assesses the report.
Diane Elliott (BDO) provides a guide to the simple practical steps which can assist in agreeing a valuation with HMRC
A tribunal has decided that horse racing is not a trading activity. You would not bet on that changing any time soon, writes Peter Vaines (Squire Patton Boggs)
The Office for Tax Simplification (OTS) has published its final report and recommendations on the taxation of partnerships.
Lisa Stevenson (Parisi Tax) answers a query concerning employee ownership trusts, EBTs and succession planning
Was the trade conducted on a commercial basis?