Kevin Ferguson looks at whether it is possible to reclaim VAT on the purchase of a car. The issue of VAT on cars is something that we get asked about on a regular basis, in particular ‘VAT Qualifying Cars’. The phrase ‘VAT Qualifying Car’ is more relevant to the motor trade than to the public...

By Joanne Gibson Firstly, let’s give FRSSE its full name of The UK Financial Reporting Standards for Smaller Entities! As the name would suggest, FRSSE is restricted to small companies or small groups, as defined by the Companies Act 2006 and prescribes the basis for them preparing and presenting their financial statements. Its use is...

John Craig helps you to get ready with some practical advice and tips that will hopefully speed the process up for you. Something that we are asked about on almost a daily basis by clients is to help them to provide the variety of information that mortgage providers are now asking for. It does seem...

Something that we get asked a lot about is whether it is better to lease or buy a vehicle and indeed whether it is better to do this personally or through a business? Kenny Logan is in the driving seat on this one. With new vehicle prices continually rising and the value of used vehicles...

This tax relief has been extended and means that you may be able to pay less Capital Gains Tax when you sell or ‘dispose of’ all or part of your business. Entrepreneurs’ Relief means that you’ll pay tax at 10% on all gains on qualifying assets providing that certain conditions are met. Julie Robertson takes...

It is becoming increasingly common for individuals to claim that their hobby is actually a taxable trade, Kenneth Logan investigates. There are many people who have hobbies which generate money for them, such as buying and selling items on eBay or at car boot sales. But what you might find surprising is that it is...

Following the vote by the UK to leave the EU, aside from the political upheavals, what are the practical problems that small business owners and tax payers will be facing as a direct result of the Brexit vote? The factors that may affect businesses, especially smaller businesses in the UK, in the coming months are...

Aside from the political upheavals, what are the practical problems that individuals and tax payers will be facing as a direct result of the Brexit vote? For the last 40 years, our financial institutions have been built inside an integrated European Union. As a nation, we will need to act quickly to re-establish this framework...

You can legally transfer your property at any time, even while you are still living in it, but there are complex rules to be aware of as Alister Biggar outlines below.   In this article we look at some of the issues which arise from property transfers and concentrate on the main property taxes which come...

Julie Robertson warns that owning a home abroad is not quite as easy as they make out on programmes like ‘A Place in the Sun’. With the popularity of these lifestyle shows on television, it is perhaps unsurprising there are more than one million homes owned by UK residents in the EU alone. These properties...