Insight Hub

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Events | Corporate Law, Tax
  • Date: 6 April 2022

Scottish Referrals CPD – Discover everything you need to know about share buybacks

Join to hear our tax specialist, Alison Pryde, and corporate law expert, Nick Howie, talk you through the main company law and tax issues to be aware of when you advise a company on a purchase of its own shares.

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Events | Tax, Trusts, Wills
  • Date: 19 January 2022

Scottish Referrals CPD – 10 top tips for Private Client lawyers

In this informative session, our partner and private client expert, David Campbell, will be joined by chartered financial planner, Benjamin Mitchell.

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Insights | Tax

Scottish income tax – where are we now?

Finance Secretary, Kate Forbes, presented the Scottish Government’s 2022-23 Scottish Budget on 9 December 2021. This was the Scottish Government’s first Budget of the current Parliament and follows the UK Government’s Budget on 27 October 2021.

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Insights | Tax

Autumn Budget 2021 at a glance

Chancellor Rishi Sunak revealed his Autumn Budget on 27th October, but what will the impact be for individuals? The Chancellor promised that his budget would set the stage for a new age of optimism and the foundation of a stronger economy. The challenge is how this is to be achieved taking into the account the need for the government to cut the gap between what it spends, and what it raises within the context of  the rising cost of living.

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Insights | Tax

Planning ahead for school fees

Every parent and grandparent wants to ensure that their child or grandchild receives a head start in life. When it comes to planning for private education fees there are no pre-funded investment solutions in the marketplace at present.

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Insights | Tax

Tax on residential property investment – a tax on all your houses

Residential property investors are experiencing a time of unprecedented change to the tax treatment of residential properties. The property tax system is becoming increasingly pervasive as both the Scottish and the UK Governments seek to increase tax revenue, slow down the property market and encourage wider property ownership.

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Insights | Tax

Capital gains tax for non-UK residents – disposal of all UK land and property

From 6 April 2019 the UK capital gains tax (CGT) regime was extended to cover the disposal of non-residential property by non-UK residents. This change to the tax rules levelled the playing field between (i) UK residents and non-residents, and (ii) residential and non-residential property. This article reviews the impact of this potential CGT charge and reporting requirement for non-UK residents.

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Insights | Tax

Inheritance tax Residence Nil Rate Band explained

Did you know, you can pass up to £1 million on to your children free of inheritance tax? No more inheritance tax on family homes. Our helpful series of articles on tax will keep you informed with what you need to know.

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Insights | Tax

Scottish Income Tax 2021/22

As part of our helpful series of tax updates, we take a look at changes to the Scottish income tax (SIT) bands which were announced at the Scottish Budget on 28 January 2021 and came into effect from 6 April 2021.

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Insights | Tax

Residential property letting – it’s a taxing time for landlords

Many landlords have historically been willing to take out large loans to finance the purchase of buy to let properties on the basis that a tax deduction could be claimed against the rental income for the whole of the interest paid. Income tax relief for interest paid on borrowings is however now restricted to the basic rate of income tax (20%). This article explains the impact of this restriction and potential planning options for landlords.

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Insights | Tax

Offshore investment in UK residential property

The UK residential property market has for a long time been an attractive proposition for foreign investors. An increased demand for UK residential property from abroad runs contrary to both the Scottish and UK Governments’ objectives to slow down the property market and encourage wider property ownership.

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Insights | Tax

Your personal tax review for the 2021/22 tax year

As we enter a new tax year we understand, in these challenging times for both family life and business life, reviewing tax and finances may be one of the things that becomes more important to all of us. We've produced a personal tax review to help you to identify any tax planning opportunities and take any actions required.

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