NMA: David Hume’s article “Tax Matters: removal of business relief on AIM shares would be ‘harsh’ move”

24.02.20 / Insight posted in MKS News

David Hume explores the impact on family-owned businesses if business property relief (BPR) were removed. Use of AIM portfolios for inheritance tax planning has increased significantly in recent years. This growth has been mainly due to the relatively short holding period of two years for an investment to be excluded from taxation for IHT purposes,…

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Investors Chronicle: Guy Sterling answers reader’s question on first-time buyer category, LISA and property inheritance

21.02.20 / Insight posted in MKS News

A reader wanted to know if their child would still qualify for first-time buyer categorisation after inheriting part of a grandparent’s property. Buying a first home is a qualifying purpose if the property is a “first-time residential purchase”, ie there has been no previous residential property ownership anywhere in the world. Guy Sterling discusses HMRC’s…

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UKTN: Paul Winterflood recommends remaining focused but flexible when selling a business

21.02.20 / Insight posted in MKS News

Paul declares that it’s never too early to start preparing for due diligence, especially in the tech space, as you never know when an acquisition or exit will come around so it is important to get into good habits and processes early in case an exit opportunity does come out of the blue. He says:…

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R&D tax relief for financial services

21.02.20 / Insight posted in Articles

R&D tax relief, once seen as the preserve of the scientific and manufacturing sectors, is a major source of funding for innovation projects in the financial services sector. In fact, with the fast-paced nature of technological developments in financial services, the sector is now the fourth largest recipient of R&D tax funding. In recent years,…

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Biblioteksbladet: Karl Leathem’s expertise on libraries’ contribution to community wellbeing sought by Swedish Libraries Association

20.02.20 / Insight posted in MKS News

Karl Leathem’s inspirational impact report for Suffolk Libraries (Oct 2019) revealed that for every pound invested, more than £8 was delivered in social value. This includes such aspects as  reduced loneliness and stress that can result from library services. The story has been picked up by the editor of the Swedish Libraries Association’s editor, who…

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ICAEW: Paul Samrah advises on shoring up businesses during lean times

20.02.20 / Insight posted in MKS News

With the UK now officially out of the EU, the UK is likely to be affected in terms of development but Brexit impact specialist Paul Samrah advises businesses to stand firm. “The fact that we are out is saying to entrepreneurs there is no excuse for indecision. A decision has stimulated businesses to be decisive…

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Great boost for UK Media sector as Hollywood comes to Reading

19.02.20 / Insight posted in Articles

Following the news that Godzilla and Jumanji’s production company is to build brand new film studios at Thames Valley in Reading, Moore Kingston Smith Tax Partner and Media sector specialist Mike Hayes comments: “This is great testament to the renowned technical expertise of our Media sector. No doubt the UK’s generous creative sector tax credits…

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Cutting pensions tax relief penalises Britain’s brightest and best, says Moore Kingston Smith

18.02.20 / Insight posted in MKS News

“Abolishing higher rate tax relief for pension contributions would be grossly unfair to entrepreneurs,” says Mike Hayes, a tax Partner at Moore Kingston Smith. “The Chancellor should understand that people who risk all they have to start a business, often can’t afford to make pension contributions until relatively late in their careers. They have to…

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Dunhill Medical Trust teams up with Moore Kingston Smith to help their award-holders communicate their impact

17.02.20 / Insight posted in Articles

Towards the end of 2018, Dunhill Medical Trust (DMT) commissioned Moore Kingston Smith to run an impact study with five of their award-holders. DMT provides support to community-based organisations that are working to enhance the lives of those who need extra support in later life as well as funding academic and clinical research into understanding…

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FTAdviser: ‘Will we see an activist HMRC in 2020?’ by John Hood

17.02.20 / Insight posted in MKS News

HMRC has been targeting wealthy UK taxpayers with increasing vigour and will continue to focus resources on checking the tax position of wealthy and affluent taxpayers. John looks at the options of accepting a tax liability to achieve closure or referring it to the tax tribunal for an independent ruling. Full article here.

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