Tax and Financial Planning

• Couple Win Tax Claim Over Property Occupied Rent Free by Mother

  • Posted17 June 2014

  Being able one day to pass on one’s property to one’s children is a common wish for many parents, but the need to have a suitable place to live as...

  Read more

• Commencement of Work Not a Disposal of Property

  • Posted4 June 2014

  When the seller of a property allowed the purchaser to start the groundworks for developing it prior to the exchange of contracts for sale, she would not have expected HM...

  Read more

• Relying On an Expert Not Enough

  • Posted12 May 2014

  When a couple entered into an artificial tax-saving scheme which subsequently failed, they placed the blame firmly at the door of the Isle of Man tax consultancy that had advised...

  Read more

• No Second Bite of the Cherry After Ombudsman’s Decision

  • Posted28 April 2014

  When a couple received negligent advice from a firm of financial advisers, they complained to the Financial Ombudsman Service (FOS). The ombudsman ruled in their favour and ordered that compensation...

  Read more

• Case Shows Need For Care in IHT Planning

  • Posted11 April 2014

  When a woman transferred the lease on her Knightsbridge flat into a trust for the benefit of her two sons, the intention was to provide a benefit to them which...

  Read more

• PPR – Degree of Permanence Paramount in Determining CGT Liability

  • Posted1 April 2014

  When determining whether or not a claim for principal private residence (PPR) relief for Capital Gains Tax (CGT) purposes can be made when a property is sold, the exact nature...

  Read more