Tax and Financial Planning

• 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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• Record Keeping Failure Means No CGT Deduction

  • Posted27 December 2013

  A recent tax dispute shows the importance of retaining records. It concerned a man who bought two properties which he let out. When he disposed of them, he did...

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• Legal Form Determines Tax Treatment

  • Posted6 December 2013

  In a cautionary tale for ‘buy-to-let’ property owners, an accountant who was hit with demands for back taxes and penalties in respect of rental profits has failed to convince the...

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• Credit Cards – How Well Protected Are You?

  • Posted15 November 2013

  When you order something and pay using a credit card, you are protected against loss…or are you? Although many people think that the protection that applies is absolute, it...

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