Knowledge Base
Introduced in 2005, pre-owned asset tax applies to assets previously owned by an individual but now used or enjoyed by them under certain conditions.
Implementing a salary sacrifice scheme can provide employers with substantial advantages, both financially and in terms of employee satisfaction
It is essential that anyone who may be affected by the non-dom changes gets specialist advice, as the taxation of non-doms is a notoriously complex area.
from April 2025, double-cab pick-up trucks with a payload of one tonne or more will no longer be taxed as light commercial vehicles but as company cars
Most notable among the changes the tax regime was the abolition of the concept of domicile and its replacement with a “residence-based regime”.
The biggest tax increase by far was a substantial increase in Employers’ National Insurance Contributions.
Succession plans, family trusts , will planning, lifetime gifts, employee ownership and solvent liquidations are among the tax planning options available
Securing funding is a critical step in any business journey. Understanding the various mechanisms and carefully considering your specific needs is crucial
We can help you remove the value of your unquoted trading company shares from your estate, while you retain complete control and voting rights.
HMRC's latest tax receipts reveals that overall tax revenue reached an estimated £827.74 billion in the 2023-24 fiscal year. A 5% increase compared to the previous year.
While Directors aren't expected to be tax gurus, they do have a responsibility to ensure the company is managing its tax affairs effectively
Under the 1956 Treaty, for an Indian domiciled individual, UK Inheritance Tax is only levied on UK situated assets and non-UK assets which pass under a UK Will.
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+44 (0) 121 633 2000
enquiries@friendllp.com
Birmingham office:
Eleven Brindleyplace,
2 Brunswick Square,
Birmingham, B1 2LP
Registered to carry out audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales
Company registration number: 07746831