Tax

We thought that the issue of the application of the French prélèvements sociaux on investment income and capital gains was over. However, both recent French case law and French legislation have [...]

The downsizing rules for the inheritance tax residence nil rate band (RNRB) really are the achilles heel of advisers. Everyone is bored by the subject matter, but the rules are complex and it is [...]

With all the changes currently facing farming, eg. new planning permission guidelines, the need for increased diversification; the Agriculture Bill promoting delivery of “public products” [...]

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 [...]