We’re all winners!

Q: I’ve just come into what you might call ‘sudden wealth’, what are the first steps I should take? A: I suggest focussing on three immediate priorities: If you tend to be waiting for that Big Hit from the lottery which once and for all will fix your life, relieve you of daily work and […]

Sudden Wealth – The first steps…

Question: I’ve just come into what you might call ‘sudden wealth’, what are the first steps I should take? Answer: I suggest focussing on three immediate priorities: My first suggestion would be to change your telephone number; also, many individuals find that setting up a PO box address is helpful in that your mail tends […]

What’s the best way to purchase commercial premises?

Company Purchase? Advantages If the company buys the property, it does not disrupt or distort the pension investment structure in any way. If the company owns the property, there will be no rent to pay, only interest on any debt. The interest will be tax relievable (as would be rent). By contrast, a pension scheme […]

Share Options – take care!

Synopsis: Care must be taken when exercising share options that are considered “readily convertible assets”. Recent case law highlights the need for employers and employees to take great care when an employer is required to pay tax on behalf of an employee and the employee is required to reimburse the employer. This situation may appear […]

Loans to Offspring?

Question: I want to provide a loan to my daughter, what are the pitfalls? Answer: The Law Society is warning parents to be careful when making loans to their children. The warning comes in the light of restrictive lending conditions in the mortgage market which have required young people to stump up large deposits when […]