Tax and Financial Planning

• Tax Net to Loosen for Trusts, Tighten for Offshore Affairs

  • Posted22 January 2018

  In the recent Budget, the Government committed itself to a review of the operation of trust taxation in the UK. Since reforms were introduced in 2006 to counter what...

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• Minor Drafting Error Corrected – £1 Million Saved

  • Posted10 January 2018

  Under Inheritance Tax (IHT) law, certain types of trust have a ten-yearly charge to IHT on the value of the trust assets. The legislation, which imposes IHT of 6 per...

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• Planning to Participate in a Tax Avoidance Scheme? Read This First!

  • Posted21 December 2017

  Anyone tempted to participate in a tax avoidance scheme would be wise to take note of one case in which a businessman complained in vain that he had been subject...

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• HMRC Fail in IHT Challenge on Livery

  • Posted7 December 2017

  HM Revenue and Customs (HMRC) have challenged a number of property-based trading businesses, seeking to deprive them of the Inheritance Tax (IHT) and Capital Gains Tax advantages that are normally...

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• Mis-Sold an Interest Rate Hedging Product? Don’t Miss the Time Limit for a Claim

  • Posted20 November 2017

  Mis-selling of interest rate hedging products (IRHPs) by lenders has caused acute financial pain to a great many businesses and individuals and, as one High Court case shows, you should...

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• HMRC Aren’t Always Right

  • Posted9 November 2017

  According to the Government’s GOV.UK website, if you are a company director, you have to file a tax return every year. It says that every UK company director must send...

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