Tax

Community of property, under Italian law, means that each spouse automatically owns 50% of an equitable share of the property acquired during the marriage regardless of the fact that the property [...]

Mr Malfi did not declare the proceeds of sale of Favart Road on his tax returns for either 2006/7 or 2007/8. Mr Malfi only acknowledged the existence of the declaration of trust in favour of his [...]

Usually, the recipient of an inheritance receives an asset of positive value; this being almost universally the intention of testators, in making Wills. However, even in the post- financial [...]

Brussels IV was intended to let individuals choose one succession law to apply to all their assets throughout the EU. The default position is that the succession laws where the individual was [...]

The case of The Personal Representatives of Grace Joyce Graham (Deceased) v HMRC [2018] UK FTT 0306 (TC) looks once again at how many additional services is enough to allow a claim for Business [...]

A summary of the latest developments in tax including a link to the latest Trust & Estates Newsletter from HMRC.

At last – a win for the tax payer on Furnished Holiday Letting (FHL) and IHT Business Property Relief (BPR) - PRs of Graham v HMRC [2018] UK FTT 306. Grace Graham ran a business from her home at [...]

As the full impact of the complications of additional Residence Nil Rate Band (RNRB) for inheritance tax (IHT) begin to be understood by the farming community, it is key to look at the farmhouse [...]

Escaping the net of residence and domicile to avoid the payment of income tax and capital gains tax is not new but in every case the facts will be long and detailed to decide whether this [...]

Since 2015, UK capital gains tax (‘CGT’) now extends to non-residents, if they dispose of UK situated residential property. This may not itself be a problem for non-residents who invest into the [...]