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Subject to a number of conditions, a UK real estate investment trust (REIT) is a company, or a group of companies with a parent company, that has elected to be a REIT under the UK tax legislation.

As tax advisers know only too well, where there are rules there are exceptions; the UK corporation tax treatment of dividends is no different.

This article looks at the memorandum of understanding (MoU) between the British Venture Capital Association (BVCA) and HMRC on the income tax treatment of managers’ equity investments in venture ca

“In this world nothing can be said to be certain, except death and taxes.”  Benjamin Franklin 

The current environment for owner-managed businesses is getting more and more uncertain. Old certainties, such as a company is more tax efficient than a partnership, are being eroded.

Choice of Business Vehicle

One of the most important decisions that many of us make when we start a business is the choice of vehicle through which the business should be carried on.

It has long been established that a business must pay tax on the profits of its trade and that the starting point for quantifying the taxable profits of that trade is the accounts.

Introduction and recent statistics

The Enterprise Investment Scheme (EIS) is one of the most widely-known reliefs for private investors seeking to make a tax-efficient investment in a com

There have been quite a few changes in the last few years to the R&D tax relief regimes and also to the relatively new Patent Box regime.

Even by today’s standards when anti-avoidance legislation seems to be more and more radical, the Transactions in Securities rules (TIS) were widely seen as condemning tax avoidance transactions to