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About Rachel Wagstaff

Rachel joined ETC Tax in January 2018 having worked in tax for the past 6 years.

Individual Taxable Income – The Self-Assessment Tax Return Process Many of you will have received a tax coding notice from HMRC over the past couple of weeks, but what does this mean and is your code correct? A tax code is a way for HMRC to collect tax on an 
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What is a consortium company? A consortium is a group of companies that collectively holds a 75% minimum holding of a company between them, with the beneficial ownership being held by at least two different members. Therefore, a company can still be held by a consortium even if it has 
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Social Investment Tax Relief: doing well and doing good Recognising the growing importance of “impact investment”, with investors seeking investments with social and environmental benefits as well as financial returns, Social Investment Tax Relief (SITR) offers valuable tax reliefs to investors to social enterprises. Social enterprises include charities, community interest 
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Negligible Value Claims 2019 – The Facts The sale of company shares and other assets for more than their purchase price will generally give rise to a charge to capital gains tax. Conversely, the disposal of shares for less than their purchase price will result in a capital loss. Such 
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The Annual Tax on Enveloped Dwellings (ATED) was introduced to discourage the acquisition of high value residential properties through companies and other ‘non-natural persons’. When the ATED rules were introduced, non-UK domiciled individuals in particular could gain tax advantages by acquiring residential properties through companies in a number of ways. 
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McLaren Racing Ltd v HMRC… The Tax Position on CTA 2009 s54; Fines, Penalties, Expenses & Business Profits Tax relief (or not) for fines Legislation (CTA 2009 s54) states that a company can deduct expenses that are wholly and exclusively for the purpose of the trade against their business profits. 
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Building in your garden and tax Garden Grabbing in 2018 & Capital Gains Tax on Self Build Property; Taxation FAQs regards Gardens & Residential Developments The price of residential development land has soared in light of the demand for housing. One consequence has been a rise in homeowners selling off 
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Employee Ownership Trusts (EOTs); Definitions & Examples… What is an EOT? A Definition by Example New legislation surrounding Employee Ownership Trusts were brought in under Finance Act 2014 with the aim to encourage more companies to adopt an indirect employee ownership model. Indirect employee ownership models aim to incentivize employees 
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Employees are now more open to secondments or relocations as they often see this as a chance to travel and see more of the world. However, the upheaval and disruption of this can sometimes makes individuals reluctant to accept new opportunities. As an employer, there are many factors to consider 
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Capital reduction demerger: breaking up, no longer so hard to do? We have become familiar with businesses, as they expand, developing corporate structures such as groups, to better manage the various activities they undertake. For example, one might have a holding company and underneath that holding company, various trading subsidiaries 
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