Documents related to 'Flow chart - company loans to participators'
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Flow chart - employer-provided loansWhere an employer lends money to an employee or director it can count as a taxable benefit in kind. However, there are many exemptions and rules to navigate. Plus, there's an opportunity for employers and employees ... Read more
15 Dec 2020
Flow chart - tax relief for loan interest An individual is entitled to tax relief against their general income for interest paid on loans or other advances (known as alternative finance) which are used for qualifying purposes. These are limited and s... Read more
15 Dec 2020
Flow chart - claiming the trading allowanceThe trading allowance is a fixed tax deduction which can be claimed against miscellaneous income or income from self-employment in place of the actual costs incurred in generating it. In effect it means that... Read more
15 Dec 2020
Claiming the property allowanceThe property allowance is a fixed tax deduction which can be claimed against rents and other income derived from property in place of the actual costs incurred in generating the income. It means that individuals can rec... Read more
15 Dec 2020
Flow chart - income tax trading loss reliefWhere a business makes a loss from its trading activities, the business owners may be entitled to claim tax relief. This is given by allowing the individual to reduce the amount of income on which they are o... Read more
20 Oct 2021
Flow chart - business asset disposal relief Business asset disposal relief (BADR) reduces the rate of capital gains tax for gains made from the sale or transfer of a business, assets of that business and sometimes part of a business. The rules are wi... Read more
15 Dec 2020
Flow chart - student loan repayments Whatever type of student loan you have you're required to make repayments when your earnings reach a certain level. You may have more than one type of student loan each with different repayment stating points and r... Read more
02 Oct 2023
Distribution flow chartA company doing well will usually be expected to make distributions to its shareholders. Our flow chart takes you through the process of assessing whether a distribution can lawfully be made.What is a distribution?"Distribution" ... Read more
28 Jun 2018
Flow chart- inheritance tax - gifts during lifetimeIf you give money, investments or other assets away it can trigger an immediate inheritance tax (IHT) charge. However, there are many exemptions and exceptions. If none of them apply it still does no... Read more
15 Dec 2020
Flow chart - trivial benefits exemptionThe trivial benefits exemption allows employers to make low value gifts and provide tax and NI-free perks to employees, directors and their families. Naturally, there are conditions but these have been made more... Read more
15 Dec 2020