Newsletters

Exchanging one cryptocurrency for another- when can an individual “roll over” this gain?

Is it worth a £60,000 per year cost to be able to rollover taxable cryptocurrency gains when you move from one currency to another? READ MORE
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Requirement to Correct – Deadline Fast Approaching’

It is now less than 9 weeks to go until the closure of the Requirement to Correct window on 30 September 2018. READ MORE
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HMRC’S SPOTLIGHT SET TO SHIFT FROM AVOIDANCE TO EVASION?

In Spring this year, the Treasury Sub-Committee called for evidence as part of its enquiry into tax avoidance and evasion. Read more.
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UPDATE: CLAVIS HERALD TRUST PLANNING – HMRC SETTLEMENTS – “CARELESSNESS”

In a recent newsletter we described HMRC’s written invitation sent to certain users of Clavis Herald planning arrangements to settle liabilities on particular terms. read more
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Attention Trustees! A worrying problem for protected trusts

Despite the policy intention behind the concept of protected trusts, it has now been discovered that a flaw in the legislation means that deemed domiciles will be taxable on… read more
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HMRC offers terms to settle Clavis Herald Trust tax planning

HMRC has written to a number of businesses that entered into tax planning arrangements promoted by Clavis Tax Solutions Limited that involved the creation of a Special Purpose Trust…read more
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CGT on cryptocurrency transactions

Did you calculate the CGT on cryptocurrency transactions for your tax return correctly?…and what happens if you didn’t? read more
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200% penalty for not notifying HMRC of your “transactions in land”

5th July 2016 was the commencement date for the very broad “transactions in land” legislation. Non-UK resident companies are within the scope of the legislation if they are dealing in or developing UK land, or if they have acquired UK land …
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UK Tax issues for trustees to look out for…

Trident Tax has been helping trustees outside the UK to identify possible UK tax issues ahead of the 30 September 2018 deadline for Requirement to Correct. The UK tax legislation will allow for swingeing “Failure to Correct” penalties to be …
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Italy: the new Monaco for HNWs?

 For fairly obvious reasons, many high net worth individuals (HNW’s) with links to the UK choose not to be UK tax resident. This is becoming even more prevalent now, with some long term UK resident non-doms choosing to leave the UK …
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