Melville & Co Accountants

06/08/2025

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https://www.melville18.co.uk/wp-content/uploads/2025/06/Accounting_records.pdf

08/07/2025

“Our client is a director and the sole shareholder of a UK company and has engaged us to consider his Inheritance Tax (IHT) position ahead of the forthcoming changes to Business Property Relief (BPR) in April 2026. The client currently has a credit director’s loan account (“the Loan”) owing ...

24/06/2025

James Goffe is just back from completing the epic Morocco 3 Peaks challenge along with 10 others. The first peak Ras topped out at 4085m, then on to the 4089 m Ouanoukrim and the final ascent Toubkal at 4167m. Well done, James!

24/06/2025

16/06/2025

When will you have to register your new business for MTD?

The timetable for mandatory use of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) by existing businesses is well established. But when must you use MTD ITSA if you start a new business or create a new income stream?

27/03/2025

Spring Statement 2025

Rachel Reeves’ first Spring Statement stood out for not introducing any new tax increases, as she honoured her commitment to limit major fiscal events to once a year.

The Spring Statement confirms no further tax rises, revised economic forecasts, and key spending plans. Explore the key takeaways.

12/03/2025

I have a client who has made a substantial capital loss on a disposal of limited company shares. The company was trading and owned a 50% interest in a trading subsidiary. I understand it was not an EIS company that he subscribed for shares in. Can he use this capital loss against income?

05/03/2025

Our senior director James Goffe and his family have just returned from a well deserved skiing holiday in Bulgaria. Thankfully no broken bones were sustained.

04/03/2025

We have a driving instructor, who is a sole trader looking to purchase a dual control vehicle, that is likely to be used 20% of the time for personal use. What is the tax treatment of dual control vehicles, and will the purchase qualify for 100% annual investment allowance (AIA) or writing down allo...

25/02/2025

My client is a sole director/shareholder of a limited company with a trading business. A few years ago, he had injected personal funds into the company to fund the purchase of a factory to be used in the company’s trade. He now has an offer for his shares and wants to know the tax implications of ...

04/02/2025

My client is a UK resident, but non-UK domiciled and claims the remittance basis of taxation as they have significant income arising from their home country which they do not usually remit to the UK. He is buying his daughter an Audi RS3 from his overseas income to practice driving on UK roads. Wha...