INHERITANCE TAX PLANNING UNDER THE NEW PENSION REGIME
The freedom to take all your pension as cash on retirement has made the headlines, but the government’s scrapping of the so-called pension ‘death tax’ could have an equally dramatic effect once the implications are more widely appreciated. The so-called…
Read more
Upper Tribunal victory for HMRC in a leading SDLT anti-avoidance case
A tax tribunal has upheld a legal ruling against a Stamp Duty Land Tax avoidance scheme, protecting up to £123 million in tax. Scheme user Project Blue Ltd had appealed against an earlier First Tier Tribunal decision relating to its…
Read more
Restriction on Personal Allowances for Non-Residents
The government is intending to consult further on restricting the entitlement of non-UK residents to the UK personal allowance. No changes will be made before April 2017 and so the position should remain unchanged for the current tax year and…
Read more
Mansion Tax 3: Mansion Tax Proposals
Shadow chancellor Ed Balls has announced that a Labour administration would introduce a tax on homes worth more than £2 million in its first budget, so that the Treasury could begin to collect money from what is estimated to be…
Read more