Alan Barr

Columbia

I help businesses test AI products I'm passionate about software, software testing, and writing. The intersection of metacognition, organization, and technology

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Articles

Family Business – can you unlock the dynamics of tradition, innovation and legacy? - bbrief

Aug 20, 2024 | bbrief.co.za | Alan BaRr |Alan Barr

It is widely known that business families are currently experiencing the largest wealth transfer in recent history, with over $84 trillion being transferred from older to younger, next-generation, rising leaders over the next 20 years.
How are the rules changing to the taxation of non-doms in the UK?

Jul 31, 2024 | lexology.com | Alan BaRr |Alan Barr |Kevin Winters

Following on from previous blogs regarding the UK Government's plans for changes to UK resident, non-domiciled individuals (non-doms) are taxed in the UK, more detail has now been given on precisely what those changes will be. Will the Remittance Basis (RB) be abolished? The RB is to be abolished from 6 April 2025. How will foreign income and gains (FIG) be taxed?
Post Election Tax announcements

Jul 31, 2024 | lexology.com | Isobel D'Inverno |Bob Langridge |Karen Davidson |Alan BaRr |Alan Barr |Neil D Ritchie | +5 more

In a statement to Parliament on Monday 29 July 2024 Rachel Reeves, the Chancellor of the Exchequer, confirmed that her first Budget will be delivered on Wednesday 30 October, and announced a number of significant tax changes.
The UK's approach to taxing non-doms: a whole new world?

Jul 5, 2024 | lexology.com | Alan BaRr |Alan Barr |Kevin Winters

Following the announcement of the UK General Election results, the Labour Party now has the means to implement the pledges made in its manifesto. One group of changes, which were subject to extensive commentary prior to the election, were the proposed changes to the UK's existing tax treatment of UK resident, non-domiciled individuals (non-doms).
Post-election - top tax takeaways

Jul 5, 2024 | lexology.com | Isobel D'Inverno |Alan BaRr |Alan Barr |Neil D Ritchie |Karen Davidson |Kevin Winters | +1 more

Much has been written over recent weeks about the tax changes included in the manifestos of the various different political parties. Now that the outcome of the election is known, what tax changes can we expect in the months to come and when are they likely to be brought in? No emergency budgetIt seems clear that the new Labour Government will not introduce any immediate tax changes by way of an emergency budget post-election.
LBTT & ADS update March 2024

Mar 15, 2024 | lexology.com | Bob Langridge |Isobel D'Inverno |Alan BaRr |Alan Barr

Click here to watch the videoThis session provided an overview and expert analysis of the new ADS legislation which will come in to force from 1 April 2024. The webinar covered:background to the ADS changes;transitional Rules – how the new rules will come in to force;the new 36-month time limits;joint buyers and single economic units; andnew reliefs for inherited properties and separating couples.
Spring Budget 2024 - Top Tax Takeaways

Mar 6, 2024 | lexology.com | Karen Davidson |Isobel D'Inverno |Bob Langridge |Alan BaRr |Alan Barr |Neil D Ritchie | +4 more

Here are our top tax takeaways from the UK Spring Budget 2024 delivered today by Chancellor Jeremy Hunt. 1. Phased abolition of non-dom tax status. From 6 April 2025, people who qualify as resident non-doms will avoid being taxed on their foreign income and gains for only four years after their arrival.
The Scottish Budget 2024/25: widening the divergence

Jan 10, 2024 | taxjournal.com | Alan BaRr |Alan Barr |Johan Barros |Hugh Gunson |David Whiscombe

Home >Articles > The Scottish Budget 2024/25: widening the divergence The Scottish Budget 2024/25: widening the divergence © Copyright LexisNexis 2024. All rights reserved. 10 January 2024 Speed read The Scottish Budget 2024/25 introduced a new 45% Scottish advanced rate of income tax on income between £75,001 and £125,140, which had been widely trailed in advance.
Scottish Budget 2024/2025 - Top Tax Takeaways

Dec 19, 2023 | lexology.com | Alan BaRr |Alan Barr |Isobel D'Inverno |Bob Langridge |Armando Albertazzi Gonçalves |Scott Bell | +3 more

Here are our top tax takeaways from the Scottish Government Budget 2024/25 delivered today by Shona Robison. 1. In among the most well-trailed tax changes from Scottish Budgets in recent times, a new rate of Scottish income tax was announced affecting income between £75,001 and £125,140. The rate will be 45%. The rate acquired a name ("Advanced"), increasing the menagerie of differentiated Scottish tax rate names by one. As in education, so in tax -"Advanced" means "Higher". 2.
UK Autumn Statement 2023 - Top tax takeaways

Nov 22, 2023 | lexology.com | Alan BaRr |Alan Barr |Armando Albertazzi Gonçalves |Bob Langridge |Charlotte Mackenzie |Isobel D'Inverno | +3 more

Here are our top tax takeaways from the UK Autumn Statement delivered today by Chancellor, Jeremy Hunt. 1. Capital Allowances Full Expensing, introduced in the Spring 2023 Budget and expected to run until 2026, will now be made permanent. Under full expensing, qualifying plant and machinery expenditure will be deductible at either 100% (main rate assets) or 50% (special rate pool assets) in the year it is incurred. This is a major change to the capital allowances regime.