How Do You Solve a Problem Like English Partnerships? Chris ThorpeChartered Institute of Taxation English partnerships are transparent for tax purposes, but there is no legislation outlining the tax rules besides a Statement of Practice (SP) (1975). Limited liability...
Equity in tax—all change after 1873? Chris ThorpeChartered Institute of Taxation Until the late 19th century, equity and common law courts were separate. Tax courts emerged from equity, and today equitable principles and maxims govern the tax legislation, as well as...
Tax Insider Chris ThorpeConsiders some of the benefits of trusts. Trusts are essentially a break in the ownership of an asset between the legal owner (the trustee) and the beneficial owner, i.e., the person or people who can enjoy that asset (the beneficiary). For...
Tax Insider Chris Thorpelooks at necessary tax considerations when structuring a family company. Whether it’s starting a new business from scratch or inheriting a well-established one from retiring family members, one of the main factors (but not the sole one) is...
Tax Insider Chris ThorpeLooks at how best to structure a husband and wife (or Civil Partner) business There are nearly five million family businesses in the UK paying nearly £150bn in tax, so they are the backbone of our economy. Many such businesses may start off...
Tax Insider Chris Thorpelooks at some of the implications of owning assets personally. It is very common for a business owner to bring that business’ premises or land into a limited company with the rest of the business upon incorporation, or to place those assets...
