Residence and Split Year Rules — an Introduction
When an individual comes to or leaves the UK part way through a tax year, subject to certain conditions, the period can be split into...
Restricted Securities
When an individual acquires shares in their employer’s company for an amount less than their market value (MV), they are typically...
Double Tax Relief (DTR) — An Introduction
Double Tax Relief is an important mechanism that applies when tax is charged on the same income or capital gains in more than one country...
Domicile Status and Taxation
How an individual is taxed in the UK on their income and gains depends on their domicile and tax residence status. If an individual is UK...
Purchase of Own Shares by a Company
A limited company will typically purchase its own shares when one or more shareholders wish to retrieve their initial investment and any...
Capital Allowances – The Basics
Depreciation booked is not an allowable expense for tax purposes; instead capital allowances (that can be loosely described as ‘taxable...
Taxation of Residential Property Income
This article looks only at private individuals owning and renting out residential property, commonly referred to as ‘Buy-to-Let’ (BTL)...
