Monthly Archive: Mar 2015

Budget 2015: Government closes tax loophole on loaned art 

A landmark Supreme Court decision involving a work of art and previously reported in ‘The Professional Tax Review’ has been nullified in the Budget. The case involved a painting by Joshua Reynolds called Omai, which had belonged to the Howard estate…
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Budget 2015: Deed of Variation Review 

A Review of the role of Deeds of Variation was announced in the March 2015 Budget speech. In identifying Deeds of Variation as “tax avoidance” the Chancellor has focused on the potential tax consequences for those who undertake tax planning….
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Predictions for the Budget: March 2015

Experience suggests that attempting to anticipate what will be contained in a forthcoming budget is a difficult if not impossible act, particularly with an election on the horizon in early May. The problem for the Chancellor is that absolutely anything…
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