Introduction The Enterprise Investment Scheme (EIS), launched by the UK government in 1994, is a powerful mechanism designed to help early-stage companies attract investment by offering significant tax reliefs to individual investors. For companies, especially those in the growth phase or looking to enter new markets, EIS can provide the vital capital needed to scale […]

Further to the recent government announcement regarding changes to the system by which inheritance tax is charged, shifting from a domicile-based system to a residence-based one, we have prepared a summary of the tax, its application, and key reliefs. This will help you better prepare for the future and ensure that your estate planning aligns […]

The United Kingdom has long been an attractive destination for international investors looking to purchase real estate. From the bustling streets of London to the serene countryside of Scotland, the UK offers a diverse range of investment opportunities. However, non-UK residents should be aware of the tax implications associated with buying property in the country. […]

Business Asset Disposal Relief (BADR)is an excellent tool to mitigate a capital gains tax liability on the disposal of business assets, shares or securities in trading companies. It is available to individuals and trustees, and it works by applying a rate of Capital Gains Tax (CGT) of 10% to qualifying gains up to a lifetime […]

Section 165 of TCGA 1992 refers to a provision of the tax legislation that allows individualsor trustees to defer the payment of capital gains tax when gifting certain assets to anotherperson. The relief granted by section 165 is called Holdover Relief. The relief is specifically designed to facilitate the transfer of assets without imposing animmediate […]