Generally speaking a share purchase is more of a benefit for the seller, whereas an asset purchase will often be more tax efficient for a buyer. However there are definitely exceptions to this rule and purchasing a property via either route is complex and shouldn’t be attempted without professional guidance.

If you are involved in either selling or buying a property letting or property development business, whether the transaction is treated as a transfer of a going concern (TOGC) for VAT can have huge implications.

HMRC will be happy for any employee to takes a large salary as it means they will see higher revenue from income tax and NICs through the payroll. So, it might seem at odds to hear that HMRC may and do argue that remuneration is excessive.

An Upper Tier Tax Tribunal VAT case in November 2018 has left a construction business with a £221k bill for underpaid VAT and has highlighted the consequences of incorrectly zero-rating construction services.

The option to tax allows a business to charge VAT on the sale or rental of commercial property, or in other words, to make a taxable supply from what otherwise would be a VAT exempt supply.