by johnireland | Tax Talk
Business Asset Disposal Relief lowers the capital gains tax rate on qualifying business sales, up to a £1m lifetime limit per person. The rate has risen twice recently: 10% up to 5 April 2025, 14% from 6 April 2025, and 18% from 6 April 2026. To qualify, you generally...
by johnireland | Articles
Selling a business you have built over twenty or thirty years is rarely just a financial event. It is the end of a chapter, and for most owners it is also the single largest tax decision of their life. In our work with families across Worthing and the surrounding...
by johnireland | Tax Talk
If you earn between £100,000 and £125,140, you are paying an effective tax rate of 60% on that income — not the 40% you might expect. For every £2 you earn above £100,000, you lose £1 of your tax-free personal allowance. Combined with the 40% higher rate, this creates...
by johnireland | Articles
The Tax Band Nobody Warns You About Most business owners know the headline tax rates. The basic rate at 20%. The higher rate at 40%. The additional rate at 45% for earnings above £125,140. What far fewer realise is that there is a hidden tax band sitting right in the...
by johnireland | Tax Talk
A Family Investment Company is a private limited company set up to hold investments, property, or cash for the benefit of the next generation. The founders keep full control through voting shares while the economic growth passes to shares held by children or...
