Tax and Financial Planning

• Tax Domicile – HMRC Upping the Ante?

  • Posted16 October 2017

  With an increasingly peripatetic workforce, more and more people are finding that the issue of their fiscal residence has a significant effect on their tax position. The response to...

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• Only Gifts Without Reservation Are Effective in Minimising IHT

  • Posted10 October 2017

  Giving away your assets to the next generation before your death can be an effective means of minimising Inheritance Tax (IHT) liabilities. However, as one tribunal case showed, such gifts...

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• What is an ‘Existing Building’? – Tax Tribunal Clarifies the Law

  • Posted21 September 2017

  A property owner who demolishes an existing dwelling house and replaces it with an entirely new one is entitled to reclaim VAT on the costs of construction – but what...

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• Private Investors – Beware of Wolves in Sheep’s Clothing!

  • Posted7 September 2017

  There have always been wolves in sheep’s clothing ready to take unfair advantage of private investors and they can be difficult to spot without professional advice. In one case, a...

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• Small Pension Pots – Planning Possibilities

  • Posted23 August 2017

  People aged over 55 who have only a small (less than £30,000) pension pot in a defined benefit (final salary) scheme or in some instances in a defined contribution scheme...

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• HMRC’s Tough Approach to Penalty Rejected by Tribunal

  • Posted9 August 2017

  Just how tough HM Revenue and Customs (HMRC) can be was illustrated by a recent case in which they imposed a penalty of £1,300 for the late filing of a...

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