COVID-19 and counting days for UK statutory residence tests for 2019/20 and 2020/21- HMRC’s view
The legislation in the statutory residence test allows for some days to be ignored in applying certain of the statutory residence tests where the “exceptional circumstances” condition is met. Read More
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Non-Resident Property Ownership
This tax year HMRC has introduced rules that seek to bring almost all non-resident owners of UK land within the scope of UK tax on their gains. Under the new regime, effective from 06 April 2019, where a seller (regardless of their tax residence) Read More
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Insolvent companies and the transfer of disguised remuneration liabilities to directors
In our December and January Newsletters we considered some of the main issues arising out of the Government’s changes to the “loan charge” Read More
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Has Code of Practice 9 become obsolete due to the Common Reporting Standard?
Recent figures published by HMRC show the number of settlements under the Contractual Disclosure Facility (CDF), also known as the Code of Practice 9 (COP9) procedure, READ MORE
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Loans Charge: Further issues to consider
You may have seen our recent article on the partial abolition and major changes to the disguised remuneration loans charge Read More
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Radical reforms to the 2019 loan charges makes for a happy Christmas for many
The government has announced a significant overhaul of the 2019 loan charge following a much publicised review Read More
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Family Investment Companies- still worthwhile if there’s a change of government
An increasing number of individuals are setting up Family Investment Companies; these are simply companies within the scope of UK corporation tax which invest family Read More
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Trustees disposing of shares in a trading company
A recent First Tier Tribunal case found that trustees of a UK resident trust were entitled to pay CGT at 10% rather than 20% on a disposal of shares, READ MORE
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Property held through Non-UK companies – trustees need to be ready
One aspect of the taxation of non-UK companies was previously straightforward: they were generally not chargeable to corporation tax. READ MORE
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HMRC’s “nudge” tactics expand to rental income
We have published four articles in which we focused on HMRC’s increasing use of so-called “nudge letters”, READ MORE
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