Tag: inheritance tax
The Post-Incorporation Directors Loan Account – A Potential IHT problem?
THE POST-INCORPORATION DIRECTORS LOAN ACCOUNT – A POTENTIAL IHT PROBLEM? The Incorporation Boom In the late 2000s and early 2010s, incorporation was for many sole traders and partnerships running businesses, something of a “no-brainer”. There were numerous reasons for this. Firstly, from the 2008/9 tax year onwards, capital gains tax […]Read More
Non-Doms: Draft legislation on the new rules on deemed domicile for tax purposes
Non-Doms: Draft legislation on the new rules on deemed domicile for tax purposes On 2 February 2016, HMRC issued the draft legislation effecting the changes to the taxation of non-doms as announced in the Summer Budget of 2015. This is the latest stage in HMRC’s consultation exercise in relation to […]Read More