We can provide individual & sole trader tax advice including business structure, succession planning and measures to preserve family wealth.
Recent projects have dealt with business restructuring to bring assets within Business Property Relief, maximising Entrepreneurs’ Relief and Family Trust Planning.
Capital Gains Tax
We can assist with reporting requirements and advise on the availability of various CGT reliefs (including those set out below) which can reduce the tax. Along with advice on how to maximise those reliefs.
This is a valuable relief, providing a low tax rate for certain disposals of businesses and properties. We can provide advice on the conditions necessary to obtain relief.
Private Residence Relief
Formerly known as Principal Private Residence Relief. This can be utilised to provide relief from Capital Gains on property in certain circumstances. Eaves and Co can advise on how best to make use of this relief.
EIS Deferral Relief
Reliefs for investing in EIS shares are one of the most flexible forms of tax relief, offering relief from income tax as well as deferring tax on capital gains. It is important to understand the risk of any underlying developments.