Author: David Mann

Our clients are downsizing and are disposing of their main residence. The property has 2 acres of garden. Would the whole area qualify for Private Residence Relief?   Want to find out more? Click here  

My clients are a non-resident married couple who have a portfolio of UK residential properties in both sole and joint ownership. As part of an Inheritance Tax planning exercise, the husband is considering the transfer of some of his properties to his wife and this will include a transfer of debt which we understand is treated […]

My client is a wholesale supplier of furniture; he buys from VAT registered manufacturers in the EU. Some of the goods are delivered to him in the UK, but some of the goods are sent direct by the manufacturer to my client’s business customers in the EU.  He is fine with the supplies delivered directly […]

My VIP Tax Team VAT Question of the Week: VAT Changes for Services from 1st January 2021: Use and Enjoyment and B2C professional services | 23rd December 2020 As an accountant we sometimes prepare tax returns for individuals living in the EU. From 1st January 2021 do we continue to charge UK VAT on those […]

Tax Question of The Week: Discretionary Trusts & 10 year charges | 16th December 2020 My client is a husband and wife who have settled a jointly held rental property worth £400,000 into a discretionary trust for their grandchildren. If the property value stays the same in ten years’ time would the trustees have a […]

VIP Tax Question of the Week: VAT Implications of the Northern Ireland Protocol | 8th December 2020 I have a number of clients based in Northern Ireland (NI) who both supply goods to and buy from mainland UK and the Republic of Ireland (ROI) mainly on a wholesale basis. Please could you clarify the rules […]

HR Expert: Statutory Wage Increase | 4th December 2020 A client is concerned about the Government’s recent announcement that the National Living Wage will increase next year. Is there anything that they need to keep in mind, or any financial assistance that they may be entitled to? It is unlikely that the Government will introduce […]

VQOTW: Fitted Furniture & Reduced Rate Building Work | 1st December 2020 My client specialises in bespoke joinery. He has worked on a lot of new houses but has now been asked to work on the renovation of an old country house that has been empty for many years. He will be supplying and fitting […]