Something that we get asked a lot about is whether it is better to lease or buy a vehicle and indeed whether it is better to do this personally or through a business? Kenny Logan is in the driving seat on this one. With new vehicle prices continually rising and the value of used vehicles...

This tax relief has been extended and means that you may be able to pay less Capital Gains Tax when you sell or ‘dispose of’ all or part of your business. Entrepreneurs’ Relief means that you’ll pay tax at 10% on all gains on qualifying assets providing that certain conditions are met. Julie Robertson takes...

It is becoming increasingly common for individuals to claim that their hobby is actually a taxable trade, Kenneth Logan investigates. There are many people who have hobbies which generate money for them, such as buying and selling items on eBay or at car boot sales. But what you might find surprising is that it is...

Following the vote by the UK to leave the EU, aside from the political upheavals, what are the practical problems that small business owners and tax payers will be facing as a direct result of the Brexit vote? The factors that may affect businesses, especially smaller businesses in the UK, in the coming months are...

Aside from the political upheavals, what are the practical problems that individuals and tax payers will be facing as a direct result of the Brexit vote? For the last 40 years, our financial institutions have been built inside an integrated European Union. As a nation, we will need to act quickly to re-establish this framework...

You can legally transfer your property at any time, even while you are still living in it, but there are complex rules to be aware of as Alister Biggar outlines below.   In this article we look at some of the issues which arise from property transfers and concentrate on the main property taxes which come...

Julie Robertson warns that owning a home abroad is not quite as easy as they make out on programmes like ‘A Place in the Sun’. With the popularity of these lifestyle shows on television, it is perhaps unsurprising there are more than one million homes owned by UK residents in the EU alone. These properties...

Robert Johnstone investigates which ISA performs better for those saving towards a deposit for a house.   One of the surprise announcements of the last budget was that another new type of ISA will be available from next year. The ‘Lifetime ISA’ which is to be launched in 2017, will only be available to those...

In this article, Kevin Ferguson looks at how employers can now tax expenses and benefits through their payroll by adding the value of them to their taxable income (payrolling), rather than having to provide them separately. Some employers were already applying this process by using their own informal arrangements but HMRC has now streamlined the...

Mike Ellis takes a look at the new Personal Savings Allowance which offers savers up to £1,000 in savings income tax free. This is undoubtedly the biggest shake up to have happened to savings in the UK in a generation. From the 6th April 2016, basic rate taxpayers will be able to earn up to...