28 November 2012 Finance Act 2012 introduced the new business investment relief for the remittance to the UK of overseas income and gains by non UK domiciled individuals for the purposes of qualifying business investments. Background UK resident non UK domiciled individuals are subject to UK tax on their worldwide income and gains, unless they […]
One year ago today Magma was formed. We have had a fantastic twelve months. We would like to thank our team, our clients and other professionals that have worked with us during what has been an enjoyable and very successful first year. May there be many more to come!
22 November 2012 A range of tax reliefs available against income are to be brought under a cap from 6 April 2013. This may significantly limit tax savings for costs and losses. Action may be needed now in order to maximise tax savings. Background The UK tax system allows tax reliefs to be deducted in […]
HMRC’s latest taskforce initiative will target landlords who are avoiding Income Tax on rental income and Capital Gains Tax on capital gains.
Magma is hosting a free EIS/SEIS seminar on 16 January 2013 at the Google Campus, 5 Bonhill Street, London. The event has been organised by Coadec (The Coalition For a Digital Economy) and will provide companies, who could utilise the EIS and/or SEIS to assist with raising capital from private investors, with practical guidance on […]
