A director receives a service provided by his company and pays tax on the benefit. If he sells this service on as a sole trader, what ‘cost’ can he allocate against receipts?
Two co-director/shareholders wish to part company and separate their businesses, but they are concerned at the potential tax liabilities that may arise as a result
A business has been operated by a sole trader and then by his limited company. Both businesses operated rent free from premises that were owned personally. The legislation does not seem to be entirely...