Stamp Duty Land Tax (SDLT) classification of properties as residential, non-residential, or mixed-use is crucial as it dictates the applicable SDLT rates. Here’s what you need to know: Definition of Mixed-Use Property A mixed-use property combines both residential and non-residential elements. Examples include a flat attached to a doctor’s surgery, an office with residential accommodation […]

In the realm of employee benefits, certain tax exemptions can significantly enhance their value. One such exemption, particularly valuable, pertains to employer-provided mobile telephones. Here’s a comprehensive guide on how this exemption works, potential pitfalls to avoid, and key considerations: 1. Provision of the Phone The tax exemption applies under specific conditions: Ownership: The mobile

If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or additional rate taxpayer and others are not. However, several points need careful consideration. When a private limited company is incorporated, it is usual for the issued shares to be created as ordinary shares divided into set