Tax and Financial Planning

• Inheritance Tax Mitigation Scheme Ends in Abject Failure

  • Posted17 April 2020

  If offered the opportunity to shelter their homes against future Inheritance Tax (IHT) liabilities whilst retaining the right to live in them rent free, most people would jump at the...

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• When Is a Property ‘Completed’? DIY House Builder Wins VAT Rebate

  • Posted3 April 2020

  DIY house builders are entitled to refunds of VAT they pay on materials used in their projects. However, as a decision of the First-tier Tribunal (FTT) showed, seeking such rebates...

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• Still Time to Stay Ahead of CGT Changes

  • Posted13 March 2020

  New rules surrounding the payment of Capital Gains Tax (CGT) on profits made on the sale of a residential property are now just weeks away. Taking effect on 6...

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• Couple’s Claim for CGT Loss on Holiday Home Succeeds

  • Posted14 February 2020

  HM Revenue and Customs (HMRC) may appear a very big battalion indeed but, with the right legal advice, individuals can succeed in overturning their decisions. Exactly that happened in a...

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• Off-Plan Flat Buyer Wins Full CGT Relief in Test Case

  • Posted29 January 2020

  Can a purchaser of a property be said to ‘own’ it after contracts are exchanged but before the transaction is completed? The Court of Appeal’s answer to that fundamental question...

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• Failing to Keep Accurate Accounts is Like a Red Rag to the Tax Authorities

  • Posted8 January 2020

  Failing to take professional advice and keep accurate accounts is like holding a red rag up to the HM Revenue and Customs bull. In a case on point, an international...

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