|
Newsletter - Spring 2010
Welcome to our spring newsletter
Our spring newsletter looks at the tax relief available when there is a loss on private company shares. Whilst it may not be good news to make a loss at least some relief is available. However, there is good news for anyone running an unincorporated business who wants to transfer some of the assets, most notably land, to reduce their IHT burden. Our article ‘Nifty footwork proves a winning dance’ will reveal more.
As we accelerate towards the end of another tax year, we also include two articles of timely interest on employment taxation issues. Firstly, if you have use of a mobile or home phone through a business you may want to read ‘Ringing the right tone’ to ensure tax costs are minimised. Secondly, our article on ‘salary sacrifice’ summarises how you could use it to mitigate tax and/or national insurance for you and your employees.
The end of the tax year heralds the end of the favourable tax treatment of Furnished Holiday Lettings but in our article ‘As the holiday comes to an end…’ we detail how some benefits can still be obtained.
Finally for anyone looking to raise funds we look at the extension to a government backed scheme to facilitate access to loans and working capital for businesses, as announced in November’s Pre Budget.
Please contact us if you have any questions regarding any of the articles we have included in our newsletter or if you would like further information on a topic we haven’t covered. Your views are always important to us and we would welcome any feedback you could give us.
|
