Tag Archives: trading

How is Brexit going to affect my business?

Whether it’s hard or soft, one thing’s for sure; Brexit is going to impact your business. According to an article in the Telegraph, both UK and EU small businesses are most likely to be hit the hardest by Brexit. And with a recent leaked government memo suggesting that the UK will be worse off, no…

Selling land to a developer – is that trading or a capital gain?

Farmers and other landowners will often be approached by developers seeking to obtain planning permission to build on the land. Great care is needed to avoid unnecessary tax charges on the transaction. HMRC have recently updated their guidance on transactions in land clarifying that under certain circumstances some of the eventual profit can be taxed…