Motorbikes, yachts and horses: private or mixed use?
Yachts and horses have often been grouped together as targets for HMRC with regards to private usage.
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HMRC Spotlight 69: property business incorporations
On 28 April 2025, HMRC published Spotlight 69 ‘Liquidation of a limited liability partnership used to avoid capital gains tax’, targeting a scheme (the Scheme) pr
Closing the tax gap: government strategy on non-compliance
On 26 March 2025, the Chancellor of the Exchequer Rachel Reeves delivered the Spring Statement 2025, unveiling a comprehensive package of measures designed to add
The case of Quillan v HMRC: the dangers of a director’s loan account
I can remember the first time I saw a corporation tax assessment seeking tax on a loan to a participator.
Residential conversions: VAT saving opportunities
The brainchild of this article came when I visited a pub near my local theatre, only to discover that it had permanently closed its doors and will be converted in
Facing a HMRC investigation: a practical response
An HMRC investigation or enquiry can be a worrying development for a business but for those in HMRC’s ‘Large Business Service’, it is par for the course.
Bunting v HMRC: claiming capital loss relief
Although debts are generally disregarded assets for the purposes of the capital gains tax legislation, this is subject to some exceptions.
Changes to business property relief: coping with cuts
The proposed changes to business property relief have so far sent only ripples through the business world.
Options for company liquidation: time to go
A company can generally be removed from the register of companies at Companies House in one of two ways: