Tax and Financial Planning

• Parental Contributions to Children’s Businesses – Legal Certainty is Priceless

  • Posted26 October 2022

  It is commonplace for parents to put their hands in their pockets to help their children set up in business. As a High Court ruling in a bitterly contested inheritance...

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• Commercial Property Investor Succeeds in CGT Appeal

  • Posted30 September 2022

  Losses incurred on the disposal of an asset can be set against future profits on other investments for Capital Gains Tax (CGT) purposes. As a First-tier Tribunal (FTT) ruling showed,...

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• Man’s ‘Debilitating Fear’ of Filing a Tax Return Not a Reasonable Excuse

  • Posted5 September 2022

  There is such a thing as a reasonable excuse for failing to file your self-assessment tax return. However, in an unusual case, the First-tier Tribunal (FTT) ruled that a businessman’s...

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• Self-Builders Achieve Landmark Victory in Capital Gains Tax Appeal

  • Posted17 August 2022

  In a ruling which will be greeted with joy by the growing community of self-builders, a couple who made a very handsome return on their ‘Grand Designs’-style project have been...

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• Non-UK Residency – Tribunal Relieves Taxpayer of £3 Million Tax Demand

  • Posted4 August 2022

  Claims to non-UK residency for tax purposes are a political and fiscal hot potato and HM Revenue and Customs (HMRC) are, to say the least, reluctant to accept them. In...

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• Entrepreneurs’ Relief and the Definition of ‘Trade’ – Guideline Ruling

  • Posted12 July 2022

  At what point can it be said that an embryonic business has begun to trade? A tax tribunal pondered that fundamental issue in a case concerning a claim for entrepreneurs’...

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