Owner-Managed Businesses Guidance

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Owner-Managed Businesses

This section tackles the myriad of tax issues faced by entrepreneurs and their businesses. It provides in-depth practical material to help you deal with compliance effectively and efficiently, whilst identifying areas of potential risk and ensuring all available relief are claimed.
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Latest Guidance
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13 Mar 2020

IntroductionThe employment-related securities (ERS) legislation is set out in ITEPA 2003, Part 7. HMRC guidance is available on the HMRC website ...

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13 Mar 2020

Summary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of...

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13 Mar 2020

Whether or not a property qualifies as a furnished holiday let (FHL) can make an important difference to the taxation implications. In particular, the...

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13 Mar 2020

Basis of contributionsDoctors and dentists may be both self-employed and / or salaried employees of the NHS.GPs provide services under a contract with...

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13 Mar 2020

Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the...

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13 Mar 2020

Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable accounting period (CAP).For more on whether the entity is within...

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13 Mar 2020

These examples support the commentary in the FRS 102 ― specific deferred tax issues guidance note.Example 1 ― voluntary revaluation of property,...

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13 Mar 2020

What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in...

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13 Mar 2020

Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay...

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13 Mar 2020

Energy-saving plant or machineryA first year plant and machinery allowance is available at a rate of 100% for expenditure on qualifying...

Latest Guidance
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Owner-Managed Businesses

IntroductionThe employment-related securities (ERS) legislation is set out in ITEPA 2003, Part 7. HMRC guidance is available on the HMRC website  and in HMRC’s...

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Owner-Managed Businesses

Summary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and...

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Owner-Managed Businesses

Whether or not a property qualifies as a furnished holiday let (FHL) can make an important difference to the taxation implications. In particular, the commercial letting...

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Owner-Managed Businesses

Basis of contributionsDoctors and dentists may be both self-employed and / or salaried employees of the NHS.GPs provide services under a contract with the PCT for General...

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Owner-Managed Businesses

Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the Corporate debt ― overview...

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Owner-Managed Businesses

Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable accounting period (CAP).For more on whether the entity is within the charge to...

OMB_tax_img
Owner-Managed Businesses

These examples support the commentary in the FRS 102 ― specific deferred tax issues guidance note.Example 1 ― voluntary revaluation of property, plant and equipmentA...

OMB_tax_img3
Owner-Managed Businesses

What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in certain cases,...

OMB_tax_img3
Owner-Managed Businesses

Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay CGT at a rate of 10%....

OMB_tax_img5
Owner-Managed Businesses

Energy-saving plant or machineryA first year plant and machinery allowance is available at a rate of 100% for expenditure on qualifying ‘energy-saving plant or...