Without proper planning it's all too easy to go down this path!
How does this work?
CGT on the sale of a business is 10% for most entrepreneurs
IHT on the sale proceeds of a business is 40% for most individuals
So if you suffer an untimely death following the sale of a business, 50% of its value could be wiped out overnight in tax! Indeed a recent court case was an example of this happening, although it could have been avoided. Examples of how to do so were given during a seminar for our clients held recently in Northampton.
For further information and advice, contact Catherine Ball at catherineball@hewitsons.com
To be added to our invitation list for future seminars, please email michaelyoung@hewitsons.com or see our events calendar
Connecting the internationally recognised academic and research powerhouses of Cambridge and Oxford by way of new infrastructure links across the region and ramping up digital connectivity between individuals, organisations and businesses occupying the zone is all part of the ambition.
Following the recent case of WH Smith and Commerz Real Investmentgesellshaft MBH (see here), it seemed that courts would impose pandemic rent suspension clauses more readily. However, this was not the case in Poundland Limited v Toplain Ltd (“Poundland"),
Many construction workers are now Covid 19 test and trace self-isolating, adding to the existing pressures within the building sector arising from the turbulence in the supply of building materials and labour.
On 12 May 2021, the government introduced the Leasehold Reform (Ground Rent) Bill into the House of Lords. The Bill was announced in the Queens Speech. This is the government’s response to the concerns which have been raised about the future level of some ground rents and how they are calculated.
