#4 Tax and Legals on Selling a Business, LinkedIn Chat, and Prioritising Happiness! Steven Mather

In this episode of the Talkin' Tax podcast, the worlds of tax and law come together to tackle a crucial topic: the tax implications of selling a business.

Join me as I sit down with Stephen Mather from Steven Mather Solicitors to unravel the complexities of this process.

Together, we'll explore the ins and outs of selling a business from a tax perspective, breaking down the jargon and offering practical insights. Stephen will guide us through the entire journey, sharing his expertise every step of the way.

But it's not all about business. We also explore the importance of work-life balance and finding happiness in our professional journeys. Plus, Stephen shares his secrets to success on LinkedIn, proving that networking can be a game-changer for lawyers.

Stay tuned for an insightful conversation that demystifies tax and law, only on the Talkin' Tax podcast! Hosted by Omar Aswat, founder of ASWATAX.

#3 Capital Gains Tax: 60 Day Reporting & Payment

In this episode, we're diving into the world of capital gains tax reporting!

 

If you're familiar with tax returns, you'll know that capital gains are typically reported on self-assessment forms, especially through the capital gains pages. But did you know there's a 60-day reporting rule for certain disposals of UK land and property?

 

We break down the specifics of when and how to report these transactions to HMRC, ensuring you're up to speed on your tax obligations. From understanding the thresholds triggering reporting to navigating the digital reporting process, we cover it all.

#2 Budget 2024, Less Tax 4 Landlords, SDLT – Jeremy Giles

This episode was recorded literally a couple of hours before the budget last week, during which we engaged in discussions and shared our thoughts, particularly focusing on inheritance tax. Despite the timing, we aim to provide valuable insights into the pre-budget landscape and its implications.

 

We're also tackling the controversial "Less Tax 4 Landlords" situation head-on. Jeremy Giles, with his boots-on-the-ground experience, brings us some fascinating insights and perspectives on what's been going down.

 

Whether you're a seasoned tax pro or just someone trying to make sense of it all, this episode is for you. Expect some real talk as we unpack the latest tax developments and provide some expert analysis that could actually make a difference to your financial life.

 

Also available on Spotify: https://open.spotify.com/show/5YaUOMKwZXG5xslnmRQmsG

#1 UK Inheritance Tax: Advice from a Chartered Tax Advisor

Here are the timestamps for key sections of the video:

00:00 Introducing the podcast

02:37 Why people don't discuss IHT

09:19 What is IHT?

11:17 Nil Rate Band

13:50 Lifetime IHT

17:11 Awareness! Non-residents...

18:34 Domicile status

20:14 Exemptions

23:28 How we operate

27:37 Using Trusts and FICs

33:00 Insurance policies

34:05 BPR/APR

35:25 Shariah compliant

36:30 Case study

37:51 RNRB

40:29 Closing remarks