People who own SME’s are not, in general, rentiers. They work in the businesses which they own and manage. This is a tax on the tools of the trade. (View Post)

Looking at business property generally, suppose you have a business worth £3m. That £3m comprises premises, plant and machinery, goodwill etc. £2m of that gets taxed at 20% ie £400,000. That’s quite … (View Post)

Because inheriting a house, savings, quoted shareholdings artworks is essentially inheriting a windfall. Inheriting business property is inheriting the assets needed to make the business work. And su… (View Post)

To give credit where it’s due, I think Gov.UK is very good. I got my passport renewed in nine days. I just wish that all government online services were as good. HMRC hasn’t even caught up with e-com… (View Post)

Since Russia will only settle for complete surrender, the point is moot. (View Post)