Tag Archives: Business Property Relief

Gift & Inheritance Tax Tips

Mother and daughter embracing

I’ll look at some gift and inheritance tax tips this week as this is fresh in my mind. My mind is only recovering now and was less than fresh earlier in the week. I was at All Together Now over the weekend and it was just brilliant. It has taken a few days to get

Tax Implications of an Inheritance

Farmer at harvest time

I’m going to look at the tax implications of an inheritance from Uncle Pat. A case like this crossed my desk a few weeks ago. It was interesting for the taxes involved, and also for the work the executors had to do. While there was inheritance tax, there were other taxes too, like VAT and

Business Property Relief – A Fortunate Son

Father and son

I am writing about Business Property Relief and a fortunate son who will get the relief and a share in the company. A few weeks ago, we met Tim Gruber and his son Tom. Tim owns 50% of Tim’s Area Transport [TAT] Ltd with John Knox, who is no relation to Tim. Tim is looking

Business Exit Planning

Exit sign

This week we’ll have a look at business exit planning. What are the things you should be discussing with your advisor? And what would you like to achieve? The main talking points will be Meet Maeve O’Leary How do I value my business Tax efficiency Future options Maeve O’Leary Maeve O’Leary, or Mol to her

Business Property Relief in Action

Last week we did a whistle-stop tour of Tax return season. In case you missed it see here This week we will look at Business Property Relief [BPR] in action. It involved a very interesting last-minute case that crossed our desks in the middle of the month. We will look at The facts What info

Tax Return Season – A Whistle Stop Tour

Over the last two weeks, we explored exiting a business that has a lot of cash assets. Last week was part 2 of a client success story. In case you missed it see here This week was the end of the latest tax deadline. Income Tax with a sprinkling of Gift/Inheritance Tax returns to keep