Corporate property ownership - a property acquired by a company from a director was not exempt from ATED
A recent First-tier Tribunal (FTT) case in which a taxpayer was found to have failed the 'exclusively' test for the purposes of property development trade relief, as the acquisition wasn’t solely for property development. Therefore, it did not qualify for the annual tax on enveloped dwellings (ATED) relief, nor was it excluded from the stamp duty land tax (SDLT) charge at 15%
Latest Companies House statistics
Statistics on companies, including the number of incorporations, dissolutions, and the total number of companies registered with Companies House. Also, how to find useful company information
UK company size thresholds to increase
Deregulatory measures to simplify financial reporting for small to medium enterprises, including raising the company size thresholds
Changes to UK company law from 4 March 2024
The first set of changes to UK company law following the Economic Crime and Corporate Transparency Act becoming law in October 2023.
Latest Companies House statistics
Statistics on companies, including the number of incorporations, dissolutions, and the total number of companies registered with Companies House. Also, how to find useful company information
Tax treatment of software and website costs
Determining the correct tax treatment of digital expenses, such as software licences and developing and maintaining websites. Practical points to consider, as set out recently in a useful article by the Association of Taxation Technicians (ATT)
Family investment companies (FICs)
Corporate investment by SMEs and FICs as a trust alternative in IHT planning and as a potentially tax effective home for investment