Tax and Financial Planning

• 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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• Bankrupt Cannot Secure Pension Benefits

  • Posted25 October 2012

  A bankrupt who is entitled to obtain a pension simply by asking for it cannot seek to have it protected from his creditors, the High Court ruled recently. The...

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• Stolen Data Leads to First Conviction

  • Posted11 October 2012

  The theft of a disk from HSBC in Switzerland, data from which eventually found its way to HM Revenue and Customs (HMRC), has led to the conviction of a Berkshire...

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• Boating Expenses Setback for Nautical Author

  • Posted24 September 2012

  For anyone who aspires to a life ‘messing about on the water’ and getting tax relief on the required expenditure, a recent tax case may prove something of a dampener. ...

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