More recent posts
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New tax being considered for property developers
To combat the costs from the ongoing building safety crisis, a new UK-wide tax for residential property developers is being considered by the government. A consultation has been…
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US set for huge tax hike
With President Joe Biden pushing to nearly double the rate of capital gains tax (CGT) for the US’s wealthiest individuals, could the UK soon be looking to follow…
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Life after death – are you discussing estate planning?
Despite the emotional aspect of discussing end-of-life financial planning, difficult conversations around inheritances and estate planning are critical for families to discuss in order to make better-informed decisions.…
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Crackdown on second homes classed as Furnished Holiday Lets
Amidst a rising demand for holiday lets as the UK prepares for a ‘staycation’ boom this summer, the Treasury have announced that they intend to crack down on…
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Beware the dividends tax trap
Increasing regulation complexity brings with it an enhanced risk for business owners paying themselves ‘illegal’ dividends. With many directors of owner-managed businesses paying a portion of their income…
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Additional SDLT Charge for Non-Residents
An extra 2% Stamp Duty Land Tax (SDLT) charge now applies if you’re purchasing a residential property in England and Northern Ireland but you’re not a UK resident.…
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Extension to trust registration deadline
If you are a trustee of a non-taxable trust – and are yet to register for the Trust Registration Service (TRS) – you now have until summer 2022…
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Research & Development (R&D) tax incentive claims – when not what?
Despite topicality, there are still many businesses undertaking qualifying R&D activities that fail to make incentive claims to reduce corporation tax. Could this apply to your business? What…
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Magma advise on sale of Flexmort
Flexmort – the market leader in flexible mortuary cooling solutions – has been acquired by a group of investors led by Noar, Limited (“Noar”). The business was founded…