Tax and Financial Planning

• Interest on Tax on Gift – Assessment Date Crucial

  • Posted4 April 2012

  Although most people know that gifts will normally not be subject to Inheritance Tax if the donor survives for seven years after they are made, it is less well known...

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• Facts Critical in Residence Claim

  • Posted15 March 2012

  HM Revenue and Customs (HMRC) are quick to recognise easy pickings when transactions occur and the conditions for relief against the relevant taxes are not met. One of HMRC’s...

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• Cases Show Need for Caution in Choosing Financial Advisers

  • Posted2 March 2012

  Recent reports showing an increase in fraud, and newspaper headlines regarding the conviction of a banker and financial adviser after more than £1.4 million was stolen from the investment accounts...

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• HMRC Attack on Discounted Gift Scheme Succeeds

  • Posted20 February 2012

  So-called ‘discounted gift schemes’ have been used in Inheritance Tax (IHT) planning for many years. The basic idea behind them is that a gift is made by a person whose...

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• Mental Capacity Code of Practice

  • Posted19 December 2007

  In April 2007 the Department of Health introduced a new Mental Capacity Advocate service. At the same time, a new code of practice was introduced which makes it clear...

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• Mental Capacity – The Law

  • Posted16 May 2007

  Mental capacity has always been something of a problem area of the law. The aim of the Mental Capacity Act 2005, which became fully operational in October 2007, is...

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