Capital Gains Tax (CGT) Explained – Marriage and Divorce

When a person gives/sells shares, investment properties etc. to a spouse, the transfer is deemed to be at a no gain/no loss value – so no CGT to pay. By transferring a half share of an investment property to your spouse prior to selling it, you can double the tax-free...

How does owning shares in a Company work?

Limited Companies in the UK are generally limited by shares representing the ownership of the Company. So if the Company issued 100 shares and you own 1 – you own 1% of the Company.  Shares come with certain rights, the most common type being an Ordinary share –...

I’ve been told I have a directors loan – what is it?

Many directors/shareholders borrow money from their Companies but, as long as they repay it within 9 months of their following accounting year end date, there are no great tax implications. If it is not repaid by that deadline, a law called s.455, says the Company...

What are the UK rules re tax on foreign earnings?

If you are Not UK resident for tax purposes, then you don’t need to pay UK income tax on your overseas earnings.  But the rules for deciding whether or not you are UK resident are rather complicated: You must consider, in order: also see HMRC Guidance notes The 183...