Tax and Financial Planning

• Beware IHT Pitfall as Commissioners Get Tough

  • Posted11 February 2013

  The Charity Commissioners are taking an increasingly tough stance on what constitutes ‘charitable activity’. In recent months, they have withdrawn the charitable status of the Plymouth Brethren and refused...

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• Market Turmoil Does Not Mean Negligence Claim Avoidable

  • Posted25 January 2013

  Investment advice that turns out to be bad has always been a fruitful area for argument in the courts and numerous cases have arisen over the years. In a...

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• Interest on Missing Son’s Life Assurance Taxable

  • Posted4 January 2013

  When a geologist went missing in Angola in 1998 and was never heard from again, he was presumed to have been killed. Eventually, four years after his disappearance, his...

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• HMRC Gain From IHT Challenges

  • Posted17 December 2012

  In 2011, HM Revenue and Customs (HMRC) challenged more than 10,000 Inheritance Tax (IHT) returns, according to accountants UHY Hacker Young. Each challenge yielded an average increase in IHT payable...

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• Private Residence Election Requires Factual Basis

  • Posted29 November 2012

  When a couple inherited a house from the deceased parent of one of them, they decided that they did not wish to retain it in the long term and subsequently...

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• HMRC Lose Claim for Disclosure of £40 Million Divorce Papers

  • Posted12 November 2012

  John Charman, the husband in the biggest contested divorce settlement in the UK, has defeated an appeal by HM Revenue and Customs (HMRC) against a court order refusing disclosure of...

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