Tax and Financial Planning

• 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...

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• Private Residence ‘Deemed Residence Period’ Reduced

  • Posted12 March 2014

  The UK tax system has traditionally exempted any profit on the sale of a person’s principal private residence (PPR) from Capital Gains Tax (CGT). The exemption applies to make any...

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• Prove It or Lose It

  • Posted27 February 2014

  A recent tax case shows how important it is to be able to prove one’s claims when dealing with the tax authorities. It involved a couple who moved to...

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• Temporary Occupation Does Not Justify Residence Claim

  • Posted12 February 2014

  As most people know, there is normally no Capital Gains Tax (CGT) liability on a profit on the sale of your principal private residence (PPR). However, a claim that the...

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• HMRC Gain Right to Check Credit Card Statements

  • Posted29 January 2014

  Not well publicised in the press was the revelation that since September 2013 HM Revenue and Customs (HMRC) have had the power to access your credit card statements by making...

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• Taxpayer Wins Appeal Against Information Notice

  • Posted16 January 2014

  A taxpayer has succeeded in persuading the First-tier Tribunal that an information notice issued by HM Revenue and Customs (HMRC) should be set aside. The man had submitted a...

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