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- Are there any Tax Advantages in Owning a Property in Spain in your Children’s Names? 07 November 15:00
- Discounted Gift Trusts 07 November 15:00
- Taxation of Furnished Holiday Businesses (FHBs) 07 November 15:00
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Julie Butler FCA of Butler & Co points out that Forward Tax Planning may be appropriate for some owners of Furnished Holiday Lettings (FHLs) before 5 April 2010...
An explanation of how the Discounted Gift Trust can significantly reduce Inheritance Tax exposure, by Arnold Aaron, Financial Planning Consultant.IntroductionThe Discounted Gift Trust (DGT)allows you to gift cash to a trust, held for the ultimate benefit of your beneficiaries...
Mark Roach of Wincham Consultants highlights some Spanish Tax aspects and Planning Possibilities in respect of Property Ownership in Spain.Spanish Inheritance Tax (ISD)I was recently asked by a client, who was purchasing a property in Spain, whether she could place the property in her daughter’s n...
Sarah Bradford urges you to make the most of the higher stamp duty land tax threshold before it reverts back to £125,000 from 1st January 2010....
Julie Butler highlights some topical issues for business owners in terms of possible claims for 'Business Property Relief' for Inheritance Tax purposes. ---------- Does the Balfour case direct more protection with regard to Inheritance Tax (IHT) relief for the mixed farming Estate or less...
James Bailey warns of a potential stamp duty land tax trip when splitting property transactions into several smaller ones involving the same buyer and seller. ---------- Stamp Duty Land Tax (SDLT) is payable by the purchaser of land...
Pubs, clubs, restaurants and other retail businesses remaining open past midnight on New Year’s Eve will be allowed to continue charging VAT at 15% on their sales until they close or until 6am on 1 January 2010, whichever is the earlier.Similar arrangements will apply to telecommunications c...
Offshore tax dodgers are being warned they have one final chance to come clean, or face the consequences, in a hard-hitting YouTube video launched by HM Revenue & Customs (HMRC).In the two-minute video, Dave Hartnett, HMRC’s Permanent Secretary for Tax, warns that anyone with undeclared offshore b...
James Bailey offers some tax tips for individuals who have moved to a new home, but are unable to sell their previous one. IntroductionIn the current housing market, many people want to buy a new home but are unable to sell their old one at the right price...
Slim Gargouri provides an outline summary of the taxation of individuals in Morocco.Introduction - ResidenceAll Individuals resident in Morocco must pay tax on their employment income...
Mark McLaughlin CTA (Fellow) ATT TEP looks at a recent case which considered whether the use of an inaccurate property valuation in an Inheritance Tax return was negligent...
LITRG express concern that HMRC’s proposals to tackle employment status fraud in the construction industry will penalise the low-paid unrepresented worker more than the contractor or the Exchequer.Introduction: Generally, LITRG share HMRC’s distaste for the practice of ‘dressing up’ an employm...
Brian Redford, Director of HM Revenue & Customs’ (HMRC's) Agents and Employers Service Improvement Team (AESIT), explains the benefits of HMRC’s Budget Payment Plan. In...
TaxationWeb tax information website Earlier last week, TaxationWeb went offline for about 48 hours. Unfortunately, we were the victims of an attack by hackers. I suppose that we are in good company. However, why anyone would want to hack into a tax information website is lost on me. Anyway, normal service has now been resumed. So apologies for the 'downtime' last week, but many thanks as ever for your continued support. Mark McLaughlin
In a case involving Swiss Re, The European Court of Justice (‘ECJ’) yesterday ruled that VAT is now liable on the sale of reinsurance contracts. Th...
