What is the Cup Trust and what did it do? 25/03/2013 Moira Protani, head of charities at law firm Wilsons, gives her commentary on the Cup Trust, the Charity Commission's inquiry report and the uncorrected transcript of oral evidence given by the chair and chief executive of the Charity Commission to the Public Accounts Committee which she cites as '...painful reading'
Tax titbits, March 2013 18/03/2013 Following its recent victory in the Pawson case (Pawson v HMRC [2013] UKUT 050 (TCC) at the Upper Tribunal (UT), HM Revenue & Customs (HMRC) will be hoping to continue its success in the Supreme Court in March, against the taxpayers' appeals in the Pitt and Futter cases.
Budget predictions: targeting avoidance and changes to CGT and IHT possible 18/03/2013 The 2013 UK Budget is just two days away now and as we wait with bated breath to find out George Osborne’s latest plans, leading private client practitioners have begun to predict who and what will be targeted as the government looks to further reduce the UK’s massive deficit.
Tough balance to be found for Osborne as advisory firms predict few surprises in next week's Budget 13/03/2013 Next Wednesday 20 March Chancellor George Osborne will deliver his fourth Budget for the Coalition government amidst a fog of downgraded credit ratings, sluggish economic growth and continued clamour for corporations and wealthy individuals alike to contribute more to the public purse.
HMRC provides clarity on holiday lets and business property relief 11/03/2013 An unexpected court ruling last year opened up for owners of furnished holiday lets the hope that they could qualify for business property relief (BPR) on any inheritance tax liability. The ruling has now been overturned on appeal in a useful clarification of the rules in this area.
IHT – more tax or just more red tape? 25/02/2013 The Chancellor seems to have made a lot of U-turns lately. In the Autumn Statement he announced a 1 percent increase in the inheritance tax nil rate band from 2015/16, which has been frozen at £325,000 since 2009.
A question of domicile 25/02/2013 In a new regular column Charles Russell examines contentious issues in the world of private client.
