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Managing Partner Eugene caught up with Tiarnán to chat about how the recent Budget announcements will affect the hospitality industry, as well as the exciting news of Galgorm’s recent acquisitions of Galgorm Castle Estate and The Roe Park Resort. Great to see the announcement of Roe Park and Galgorm Estate joining Galgorm Collection. Tell us […]

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Hidden amongst Labour’s headline changes to capital gains tax, inheritance tax and employers’ national insurance in the Autumn budget, it may have been missed that from 6 April 2025, HMRC late interest payments will increase by 1.5 percentage points. Currently late payment interest is charged at the bank interest rate plus 2.5 percentage points, however […]

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Let’s look at the UK Autumn Budget announcements that might influence your next vehicle or property purchase: Business Vehicles Only 8 months after the reversal of HMRC’s previous attempt to disrupt the pick-up market, the finer details of the autumn budget reveal that the government are now planning to U-turn once again and return to […]

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As anticipated, Rachel Reeves has announced a rise in the Employer National Insurance Contribution (NIC) rate, adding 1.2% to the current 13.8%, bringing the total to 15%. Just as impactful is the reduction of the employer NIC threshold from £9,100 to £5,000. To acknowledge the positives: The employer’s allowance will be increased from £5,000 to […]

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As anticipated, the Government has made significant changes to capital gains tax including increasing the rate of CGT and also restricting the benefits that can be claimed through certain capital gains tax reliefs: Increase in the CGT rate   From 30 October 2024, the main rates of CGT will increase. The lower rate increase from […]

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The new IHT rules will leave many family businesses struggling to fund IHT bills.  We wonder if Private Equity are rubbing their hands at the prospect of snapping up businesses that can’t afford to pass on to the next generation. Currently, there are generous IHT reliefs for estates (or lifetime gifts) that contain business property […]

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Many Airbnb owners aren’t aware that they could be claiming Capital Allowances in their Airbnb business. Capital Allowances reduce the taxable profits that a business makes and save tax.  However, with the Government’s announcement this week on how they plan to abolish these rules for Airbnb owners, the window to claim these allowances is closing. […]

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INSPIRED has been crowned ‘Best New Tax Practice’ at the prestigious Tolley’s Taxation Awards. As the first Northern Irish firm to ever win at these awards. INSPIRED is thrilled to receive such esteemed recognition. The Tolley’s Taxation Awards are the Oscars of the UK tax profession. They reward exceptional achievements, unwavering commitment to the industry, […]

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INSPIRED has been shortlisted for ‘Best New Tax Practice’ at Tolley’s Taxation Awards 2024, taking place at the Hilton London Metropole on May 16th.

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