Tax and Financial Planning

• Caring Restaurateur Relieved of £60,000 Tax Return Late Filing Penalties

  • Posted10 February 2021

  Those who deliberately delay filing their tax returns risk incurring severe financial penalties. However, the tax regime leaves room for mercy and, in relieving a hard-pressed restaurateur of more than...

  Read more

• Capital Gains Tax – Couple Triumph in ‘Principal Private Residence’ Appeal

  • Posted25 January 2021

  Home is where the heart is and the question of whether a property is your principal private residence for Capital Gains Tax (CGT) purposes depends, at least in part, on...

  Read more

• Couple Overturn Capital Gains Tax Demands Raised on Sale of Their Home

  • Posted4 January 2021

  HM Revenue and Customs (HMRC) are big battalions by anyone’s standards, but their word is not law and, with expert legal assistance, they can sometimes be proved wrong. In one...

  Read more

• Saturation Diver Can Deduct Physical Fitness Expenses from Income Tax

  • Posted11 December 2020

  Self-employed people are only permitted to deduct from their Income Tax bills those expenses that are incurred ‘wholly and exclusively’ for the purposes of their trade or occupation. That is...

  Read more

• Tax Return Blunder Has Dire Consequences for Public-Spirited Charity Donor

  • Posted25 November 2020

  Making a mistake on your tax return can have extremely serious consequences and that is why it is always wise to take professional advice. In a striking case on point,...

  Read more

• Ignorance of the Law Is No Defence – Or Is It? Child Benefit Tax Ruling

  • Posted22 October 2020

  HM Revenue and Customs (HMRC) must publicise changes in the tax regime and taxpayers are not obliged to go rooting around its website in an attempt to keep up to...

  Read more