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

A gain on the sale of an investment property, such as a buy-to-let or second home, will be liable to capital gains tax to the extent that it is sheltered by losses or the annual exempt amount. The annual exempt amount is like a personal allowance for capital gains tax purposes and allows individuals to