Tax Case Studies

Incentivising staff led to a sale price of £10m.

ABC Limited, a privately owned company, had a three year plan to grow the business value in advance of a sale. The company was valued at £2m, but the desired exit price was £8m. In order to achieve this growth, the shareholders identified several key employees whose retention would be key to the success. The company approached Wilson Partners and requested assistance..

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Case Studies

Huge savings for property portfolio and Airbnb lets

Mrs Q had built up a portfolio of buy to let residential properties. Given the location of some of the properties, significant rental income was being achieved by short term lettings through Airbnb. Mrs Q was concerned that her income tax liabilities would significantly increase over the coming years and had been advised to transfer her portfolio of properties to a limited company..

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R&D case study: Car parts wholesaler

One of our existing clients is a leading wholesaler of car parts. Their customers include businesses, workshops, Government Organisations, Charities and NGO’s in over 50 countries. The company had never made an R&D claim before and were not aware that they would ever have any qualifying projects..

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R&D Tax reliefs: An extra £270k for software development company

We also discussed the precise technological advancements in the software with the key developers in order to pick up all projects that met the definition of R&D for tax purposes, as well as exclude any projects that did not qualify for R&D tax reliefs. This took the burden of the claim away from the finance team..

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VAT investigation

In 2014 HMRC started a VAT investigation into a partnership and concluded that it should have been registered for VAT between 2007 and 2013 and as a result, owed VAT of £61,000, plus a penalty of £4,500 plus interest. For a small business, this would have been a massive blow and could well have meant the business owners having to sell their house..

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Pensions tax advice

Mrs B had worked out she needed to be putting more into her pension prior to 5 April 2018. However she was unsure as to how much and how to arrange matters to optimise the tax reliefs. At first glance, it looked like a personal contribution of £80,000 net could be made, providing tax savings of £43,000. A further £8,000 net could be made after 6 April 2018..

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Business sale and tax planning

Mr Y had recently sold his business and therefore did not have an immediate need for the significant salary he continued to receive from working for the new owners. His objective was therefore to minimise his tax liability on his 2016/17 income. It was decided that this would best be achieved by making the maximum possible personal pension contribution before 5 April 2017..

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Inheritance tax

Mr X, who was in his mid 60s and recently widowed, approached us for advice on Inheritance Tax (IHT). His total estate was around £1.25 million and as a result IHT was a potentially significant issue. His estate included his home valued at around £600,000, a second property worth around £400,000 and investments of around £250,000..

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Complex sale with employee share scheme

The company had a very unusual ownership structure in that the majority of the shares in the company were held by an employee benefit trust. In addition the company had an employee share scheme in place. The overall structure was designed to ensure that the company should always remain employee controlled. The receipt of a takeover offer..

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See our tax retainer service in action

We were approached by the majority shareholder of a successful business, built up over a number of years. Whilst they had built a successful business, at no point had they received any meaningful tax planning advice for them and their family.  The business was comprised of four companies, one of which had other shareholders. The majority shareholder had been unable to get the right level of advice from their existing accountant..

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