Monthly Archive: Mar 2016

Budget March 2016: Thoughts on Capital Gains Tax

A major theme of the March 2016 Budget has been to differentiate between gains realised on different categories of assets. The 10% and 28% rates remain and a new 20% rate is born but alongside some seismic shifts in who…
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Penalties & Failure to Report Gifts

The December issue of the Trusts and Estates Newsletter sets out HMRC’s view on penalties for incorrect declarations of prior gifts on estate returns and is well worth reading in the light of the Upper Tribunal decision CRC v Hutchings…
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Latest Pension Rumours

Press reports indicate that the Chancellor will reform tax relief for pension contributions in his March Budget. In the July 2015 Budget the Chancellor launched a consultation on ‘tax incentivised saving’. It focussed on the tax cost of the existing…
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