Donald Reid Group

Capital Gains Tax

A capital gain arises when certain capital assets are sold at a profit. From 6 April 2016 capital gains tax is charged at the rate of 10% on gains (including any held over gains coming into charge) where net total taxable gains and income is below the income tax basic rate band threshold.  

Read more...

EMI - share ownership for employees

Retaining and motivating staff is an important issue for many employers. Research in the UK and USA has shown a clear link between employee share ownership and increases in productivity.  

Read more...

Research and development tax incentives

Research and development (R&D) by UK companies is being actively encouraged by the government through a range of tax incentives. It views investment in research and development (‘R&D’) as a key to economic success.  

Read more...

Capital allowances

The cost of purchasing capital equipment in a business is not a revenue tax- deductible expense. However tax relief is available on certain capital expenditure in the form of capital allowances. The allowances available will depend on what you are purchasing.  

Read more...

Tax saving opportunities for companies

It is strongly recommended that companies undertake an annul review of their tax position. This should take account of changes in the business and legislation. Pre-year-end planning is essential as there will still be time to take appropriate action based on the current situation.  

Read more...

Company cars

The aim of the current tax regime for company cars is to encourage companies and their employees to chose more environmentally friendly cards.  

Read more...

An overview of inheritance tax

Inheritance tax is levied on a person’s estate when they die and on certain gifts made during their lifetime. Read more about inheritance tax (IHT), possible reliefs and exemptions, with opportunities to minimise the impact of IHT.  

Read more...

Tax-free childcare scheme

The government has introduced a tax incentive for Tax-Free Childcare. Under the scheme, the tax relief available is 20% of the costs of childcare up to a total of childcare costs of £10,000 per child per year.

 

Read more...

Go to top of page