Current affairs

The Annual Tax on Enveloped Dwellings or “ATED” regime is now upon us, and could end up being a first step towards a so-called mansion tax in the UK.

As reported in the Wall street Journal last week, figures show the number of US citizens renouncing their citizenship is on the rise.

As recently reported in the FT*, those claiming non-domicile status in the UK may well receive a letter from HMRC gently reminding them that non-UK income/gains which they remit to the UK are ...

HMRC have again intimated that they are comfortable with the concept of so-called "Discounted Gift Trusts" which can be used as part of an inheritance tax mitigation strategy.

Draft forms received

The IRS has received for public comment, draft versions of three forms which will be required in the compliance with FATCA. This is a much anticipated move that many ...

Form TD 90-22.1 FBAR

This is a reminder that, the deadline for filing the 2012 Report of Foreign Bank Accounts (FBAR) is 28 June 2013. If you would like assistance with your taxes please contact the ...

For US citizens and resident aliens residing overseas the due date for tax filing is fast approaching.

HMRC have issued revised guidance on the Statutory Residence Test and the operation of Overseas Workdays Relief (OWR) in this “brave new world”.

Background

The headlines are full of new and extended tax reliefs for SMEs and employee owned businesses, but one area that seems to have been passed over is the further clamping down on loans ...

A new disclosure facility has been launched by HMRC, the Property Sales campaign.