KRW Tax Tips

Zero tax when selling your business with a holding company

KRW Tax TipsJuly 30, 2021|In KRW Tax Tips|By Keith WitchellWith recent changes to Entrepreneurs Relief (now Business Asset Disposal Relief) many fear that the days are numbered for paying 10% tax…


Optimum salary levels for company owners from april 2021

KRW Tax TipsMarch 18, 2021|In KRW Tax Tips|By Keith WitchellEvery tax year the National Insurance and tax thresholds change, and we think carefully about the most tax efficient salary levels to…


Furnished holiday lets could get £10,000 covid-19 grants

KRW Tax TipsMay 24, 2020|In KRW Tax Tips|By Keith WitchellAs part of a package of measures to assist businesses, the Chancellor announced £10,000 grants for businesses that qualify for Small Business…


Salary can be cheaper than dividends for those over state retirement age

KRW Tax TipsJanuary 31, 2019|In KRW Tax Tips|By Keith WitchellRegular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a…


Save tax by employing your nanny through your company

KRW Tax TipsDecember 3, 2018|In KRW Tax Tips|By Keith WitchellThose employing the services of a nanny to look after their children will usually fund the nanny’s salary out of their net of tax……


Maximise CGT private residence relief with careful planning

KRW Tax TipsSeptember 28, 2018|In KRW Tax Tips|By Keith WitchellRental property owners that live in the property for a period of time may be able to mitigate their potential Capital Gains Tax…


Avoid additional 3% stamp duty by buying a second property in a trust

KRW Tax TipsAugust 31, 2018|In KRW Tax Tips|By Keith WitchellThe additional 3% surcharge rate of stamp duty land tax that applies on the purchase of a second property is notoriously hard to avoid.…


Claiming the transferable marriage allowance

KRW Tax TipsJuly 10, 2018|In KRW Tax Tips|By Keith WitchellThe transferrable marriage allowance arrived in 2015 but was widely considered to be a bit of a damp squib as very few couples could claim…


Company cars for the kids

KRW Tax TipsJune 7, 2018|In KRW Tax Tips|By Keith Witchell With company car tax based on CO2 emissions and the list price when new, company cars are rarely tax efficient for company owners, usually…


The tax advantages of holding shares in a holding company

KRW Tax TipsMarch 1, 2018|In KRW Tax Tips|By Keith WitchellThere are many reasons to consider holding the shares in your trading company through a separate holding company, the main one being to…