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Let property campaign

HMRC continue to invest in measures to prevent tax avoidance and evasion and are running campaigns to encourage individuals to disclose their income to HMRC. The let property campaign was launched ...

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Year-end tax planning for US taxpayers

In our latest article for The American magazine we highlight some great year-end tax planning opportunities for US taxpayers.

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Pension Contributions – there’s still time!

The amount of an individual’s pension contributions which will qualify for higher-rate tax relief is essentially restricted by:

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Non-dom story goes on...

As expected, the has Treasury released its consultation document on the forthcoming changes to the taxation of non-domiciled individuals (‘non-doms’).  The full consultation paper can be found here.

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Penalty Suspensions

Careless inaccuracies

The recent case of a self-employed locum pharmacist Mr Bharat Patel TC04617: BHARAT PATEL [2015] UKFTT 445 (TC) offers encouragement to those asking HMRC to consider suspending ...

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Non-Residents, Non-Doms, UK Property

UK Government “ATED” those tax reliefs

The UK and in particular London has enjoyed phenomenal increases in property values in recent years, resulting in many investors considering London residential ...

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EIS Relief – No income, no exemption

The FTT dismissed the tax payer’s appeal against HMRC’s decision not to allow a capital gains tax exemption claimed in respect of his enterprise investment scheme (‘EIS’) shares.

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HMRC Target Taxpayers with ‘Badges of Wealth’

HMRC have set up a task force focused on collecting tax from Scottish taxpayers who appear to be living beyond their means. They apparently have access to data which allows them to identify ‘badges ...

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Out of time rebate claims - Higgs v HMRC

A taxpayer wins case to claim a repayment exceeding the 4 year limit

Mr Higgs made payments on account for the tax year 2006/07 in accordance with the previous year’s liability. Mr Higgs forgot to ...

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Budget 2015: TAP Private Client Update

The Chancellor of the Exchequer, George Osborne, delivered the first Conservative Budget since 1996 today.

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