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/Andy Wood - Chartered Tax Adviser

About Andy Wood - Chartered Tax Adviser

We are tax advisers based in Alderley Edge Cheshire. We provide tax advice throughout Cheshire and the north west. We also have an office in London through which we also provide our tax planning consultancy. We also offer international services to clients and have an office based in Marbella, Spain.

Budget 2016: Tax changes in brief

2018-04-03T14:16:52+00:00

Budget 2016 introduced plenty of new tax changes covering the full gamut. Billed as the Budget for the next generation, the 2016 tax changes were not particularly focused. The tinkering impacting workers in  north sea oil and gas to clapped out sports-persons enjoying their benefit season. This note provides a summary of Budget [...]

Budget 2016: Tax changes in brief 2018-04-03T14:16:52+00:00

HMRC Agrees that new DoTAS IHT Hallmark is ‘wide of the mark’

2016-03-30T15:00:00+00:00

Introduction Who said that HMRC never listens to feedback garnered through the consultation process? Definitely not me. HMRC seemingly agrees with the Professions that it’s proposed new hallmark for IHT under the Disclosure of Tax Avoidance Schemes (DoTAS) is cast for too wide and would [...]

HMRC Agrees that new DoTAS IHT Hallmark is ‘wide of the mark’ 2016-03-30T15:00:00+00:00

Using a Family Investment Group: practical planning with the new dividend tax rules

2018-04-03T14:16:52+00:00

Introduction You may well be familiar with the concept of a Family Investment Company (FIC). These were viewed as the new alternative to trusts when Gordon Brown,decided to simplify the trust tax regime with effect from March 2006. From this date, the vast majority of [...]

Using a Family Investment Group: practical planning with the new dividend tax rules 2018-04-03T14:16:52+00:00

Misdirection and earnings: The Rangers case goes on…

2018-04-03T14:16:52+00:00

Introduction Misdirection is a form of deception in which the attention of an audience is focused on one thing in order to distract its attention from another. In the latest chapter of the ‘Rangers Case’, this could apply equally on two fronts. Firstly, that the Scottish [...]

Misdirection and earnings: The Rangers case goes on… 2018-04-03T14:16:52+00:00

Turn, turn, turn? HMRC provides for grandfathering for foreign income and gains used as collateral for loans

2016-03-30T14:48:03+00:00

Earlier in the year we provided an overview of HMRC’s U-turn in relation to the tax treatment of foreign income and gains used as collateral for loans. This can be found here. The original announcement would have resulted in many non-doms having to unravel existing [...]

Turn, turn, turn? HMRC provides for grandfathering for foreign income and gains used as collateral for loans 2016-03-30T14:48:03+00:00

Neither a Close Company borrower nor a lender be – Part two

2018-04-03T14:16:52+00:00

In the first article we looked at some of the basics surrounding loans from Close Companies. This second and final part will look at ‘undoing’ the loan and some other interesting bits and bobs. What’s done cannot be undone? The ‘repayment, release or write off’ [...]

Neither a Close Company borrower nor a lender be – Part two 2018-04-03T14:16:52+00:00

Neither a (Close Company) borrower nor a lender be – Part one

2018-04-03T14:16:52+00:00

Lend me your ears It was with surprise that I found out the above (mangled) quote was from Hamlet and not from the Merchant of Venice. The article could have made much of Antonio’s melancholy at the beginning of the play. Not to mention the [...]

Neither a (Close Company) borrower nor a lender be – Part one 2018-04-03T14:16:52+00:00

No longer the ‘patchwork elephant in the room’: UK tax residence for individuals (Part two)

2018-04-03T14:16:52+00:00

The first part looked at the Statutory Resident Test's  Automatic Overseas (AO) limb. We now look at the other two tests which one might need to examine. The AUK Tests General If one does not meet the AO Test, then we move on to the [...]

No longer the ‘patchwork elephant in the room’: UK tax residence for individuals (Part two) 2018-04-03T14:16:52+00:00

No longer the ‘patchwork elephant in the room’: UK tax residence for individuals (Part one)

2018-04-03T14:16:52+00:00

Introduction Whether or not a person is UK resident for tax purposes (hereafter referred to as “UK resident”) is incredibly significant on what taxes, and the quantum of such taxes, one will pay (See figure 1). It is therefore remarkable to consider that whether one [...]

No longer the ‘patchwork elephant in the room’: UK tax residence for individuals (Part one) 2018-04-03T14:16:52+00:00

Ownership of UK residential property by non-UK investors: Part five – Inheritance Tax (IHT)

2018-04-03T14:16:52+00:00

Introduction This is the, slightly belated, fifth instalment of our cruise around the world of the ownership of UK property by non-UK resident investors. This instalment has had to be re-written following the Summer Budget 2015, which provided further challenges for our dear investor overseas. [...]

Ownership of UK residential property by non-UK investors: Part five – Inheritance Tax (IHT) 2018-04-03T14:16:52+00:00
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