- Exemptions, reliefs and allowances, including Principal Private Residence Relief; Site transfer to children for construction of residence; etc.
- Transfer of a business to a company – the Incorporation of the business; after a time of trading as a sole trader, it may be beneficial to consider moving the existing business into a Limited Company. This can lead to significant tax savings annually when high effective composite tax rates of up to 55% for individuals are compared with Corporation Tax rates of 12.5% for most trading activities.
- Acquisition by a company of its own shares to facilitate the retirement or exit of a shareholder.
- Disposal of Businesses including Retirement Relief and Entrepreneur Relief.
- Corporate Reorganisations.
- Computation of gains/losses arising on disposal of property, shares, investments and other assets.
- Efficient use of capital losses and consideration of the restrictions that can apply when transactions occur between connected parties.
- Clearance Certificates.
- Dealing with Revenue in cases where taxpayers are selected for audit.
- CGT implications for Trusts, Estates and Settlements.
- Cryptocurrencies have become a burning question with many of our clients recently. What are the tax implications on gains or losses made through investments in cryptocurrencies?
- V. Mullen & Co is at the forefront of this ground-breaking new market and we can assist you in the most tax efficient manner of converting your cryptocurrency into traditional currencies.