More Personal finance news

When tax cuts cause a loss

Peter McGahan
THINK-tanks talking about taxes! Scaremongering, vote gaining, lobbying for the lobbyist’s financial gain, newspaper filling, or just boring? It’s often hard to tell.

Cars and tax . . . and why electric might be your best option

Paddy Harty
QUESTION: I am considering changing my car which I use in my business and am confused about the term “VAT qualifying” does this mean I can recover the VAT on the purchase of the car? Does it differ if the car is electric? ANSWER: The terminology “VAT qualifying” is confusing and unfortunately is often used unscrupulously by car dealers and salesmen to entice customers to purchase a car on the grounds that they will be able to recover the VAT incurred in the purchase.

Capital tax conundrum

Paddy Harty
QUESTION: I am considering either selling my company or gifting the shares to my children.