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What is a Wasting Chattel?

What is a Wasting Chattel?

Chattels Certain assets such as plant, watches and paintings valued below £6,000 are exempt from capital gains tax but there are some restrictions, explains Chris Thorpe, technical officer at CIOTWithin the Taxation of Chargeable Gains Act 1992 (TCGA 1992) are listed...
How to reduce business debt

How to reduce business debt

The pandemic saw businesses take on record levels of debt. As companies look towards their post-pandemic future we report on what strategies can be used to reduce the debt they have. According to accountancy firm EY, by the end of 2021, businesses will have taken on...
Bringing An Asset Into Your business

Bringing An Asset Into Your business

 Asset Management Review In the Aviation, Property and Logistics fields I find that often a company owns some assets and may also manage assets of behalf of a third party. This is not uncommon, and if the costs surrounding these assets are treated correctly, can be...