Tax and Financial Planning

• 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...

  Read more

• 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...

  Read more

• 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...

  Read more

• Eight Months’ Occupancy Not Residence, Rules Tribunal

  • Posted1 November 2013

  When a woman and her husband separated and were subsequently reconciled, a Capital Gains Tax (CGT) liability was probably the last thing they were thinking about. The woman owned...

  Read more

• AIM Shares and ISAs – A Reminder

  • Posted21 October 2013

  Clients holding shares in companies listed on the Alternative Investment Market (AIM) are reminded that, from 5 August 2013, it has been possible to hold such shares within an ISA,...

  Read more

• Tax Follows Source of Funds, Says Tribunal

  • Posted9 October 2013

  When a bank account is held in the names of several people, the interest earned on the account normally ‘belongs’ equally to all of them. Does that mean that the...

  Read more