Tax and Financial Planning

• 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...

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• 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...

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• 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,...

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• 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...

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• Court of Appeal Sanctions ‘Informal’ Tax Investigations in Landmark Case

  • Posted29 September 2020

  HM Revenue and Customs (HMRC) operate within the constraints of their statutory powers, but their ability to conduct ‘informal’ enquiries into taxpayers’ affairs, without limit of time, has been upheld...

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• Giving With Warm Hands to Minimise Inheritance Tax – High Court Ruling

  • Posted9 September 2020

  The most straightforward means of minimising Inheritance Tax (IHT) payable on your estate is to give away your assets with warm hands when you are still hale and hearty. However,...

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