Business investment relief allows individuals who used the remittance basis of taxation to bring foreign income and gains into the UK without paying UK tax, as long as the funds are invested in qualifying companies. Due to the abolition of the rules for UK resident, non-domiciled individuals (non-doms) from 6 April 2025, changes are being […]
Business Asset Disposal Relief (BADR), previously called Entrepreneurs’ Relief, is a capital gains tax (CGT) relief intended to incentivise individuals to grow and invest in their businesses. It provides significant tax savings for higher and additional rate taxpayers. Despite previous reductions and a further upcoming reduction in its benefits, BADR still offers valuable tax breaks […]
Expanding your business into the UK is a strategic move that can open new opportunities and markets. However, choosing the right structure to set up in the UK is crucial for the success of your business; the most common structures are a branch or subsidiary. At Saffery, we specialise in helping international businesses navigate this […]
If you’re a director/shareholder of a company, you probably take money out of the business through a mix of salary, bonuses and dividends. When deciding what combination to use, you should consider several factors, including tax efficiency. Extracting profits from your company: issues to consider When deciding how to take money out of your company […]
The real estate sector is undergoing a fundamental transformation driven by PropTech, a technological revolution reshaping operations and investments. But what is it and how can it help your real estate business meet its sustainability requirements? What is PropTech? PropTech encompasses a broad spectrum of products and services, designed to optimise every stage of the […]
A study carried out a few years ago (by the University of Exeter) revealed that only one in five farmers planned to retire in full, with the rest planning to work at various levels of intensity to the day they die. There is also a marked reluctance within the industry to talk about succession. The […]
As we approach the end of tax year 2024-25, here’s what you need to know to ensure you meet your year-end compliance obligations. Key year-end tax compliance actions and deadlines How we can help If you would like to see how Saffery can help you with your year-end employment tax compliance, please speak to your […]
Professional practices are people-based businesses and have been seriously impacted by the increase in employers’ National Insurance announced in the 2024 Autumn Budget. Now is an excellent time to perform a thorough review of all procedures to identify opportunities to increase efficiency and profitability. We explore five key areas for consideration: Pricing Fee disputes and […]
The research and development expenditure credit (RDEC) tax relief scheme is available to large companies with accounting periods beginning before 1 April 2024. For R&D tax purposes, a company is large if it has more than 500 employees or both turnover exceeding €100 million and gross assets exceeding €86 million. The consolidated worldwide group is […]
Employee Ownership Trusts (EOTs) allow business owners to transfer a controlling interest in their business to employee ownership without paying capital gains tax (CGT). Significant changes to EOTs were announced in the Autumn Budget 2024 and took effect on 30 October 2024. The updated rules are outlined below. What is an Employee Ownership Trust? An […]
