We are pleased to announce that Colin Murrell has been appointed as Tax Director of Fuller Spurling.
Non-UK domiciled individuals resident in the UK who are claiming the remittance basis of taxation of non-UK income/gains and are looking for investment opportunities in the UK may want to consider the reliefs available to them under business investment relief and the Enterprise Investment Scheme (EIS)
This article discusses the proposed changes in the UK Tax regulations for Foreign Domiciliaries
Fuller Spurling has strengthened its tax function by the recent appointment of Colin Murrell CTA. Colin will be working closely with Patrick Hope and the other partners and staff.
Some Inheritance Tax liability is avoidable by careful early planning and just as important is the risk that if you do survive a partner that you may not have enough remaining funds to enable you to enjoy the remainder of your lifetime in the manner that you would wish.
A timely reminder to contact your IFA and taking advantage of the tax reliefs that are available.
The due payment date for any balance of tax for the year 2013/14 of 31st January 2015 has now passed, so interest is already accruing on any amounts due.
Our clients, a married couple, were each subject to an enquiry by HM Revenue & Customs and both enquiries related to Tax Returns for 3 tax years. Luckily they were in our Tax Enquiry Fee Protection Service.
HMRC issued a note last month advising that they are withdrawing the “concession” where unremitted foreign income or gains are used as collateral for a loan enjoyed in the UK
An Enterprise Investment Scheme has a number of advantages including enabling an investor to obtain income tax relief of 30% (50% for a Seed EIS) of the amount invested up to £1m (£100k for a Seed EIS) per annum
The 2013 Autumn Statement included an announcement that non-resident owners of UK residential property would become liable to capital gains tax for disposals after 5 April 2015.
The due payment date for any balance of tax for the year 2012/13 of 31st January 2014 has now passed, so interest is already accruing on any amounts due.