Tax

Farm losses are a troubling subject for the farming industry. A recent judgement is of huge importance for farmers making continued losses from their actual farming operation.

Here, Gill reviews Implied Trusts & Beneficial Ownership in Modern UK Tax Law – by Chris Thorpe, published by Spriamus.

There are situations where PRs cannot appropriate the property to the beneficiaries and will therefore need to identify if a CGT liability arises and a return made during the 60 Day Window.

With the Environment Bill having recently become the Environment Act and the Agriculture Act pushing “farming for the environment”, it is timely to look at the tax treatment of environmental [...]

This article considers where estate assets appear to have been wrongly administered and not where an estate is unadministered.

These regulations update which estates are excepted from the need to provide a full IHT account (the IHT 400) on a person’s death.

Much has appeared in the tax press about the lack of multiple dwelling relief for Stamp Duty Land Tax (SDLT) and ancillary dwellings. It is quite ironic therefore that a recent main residence [...]

As the government beings to phase out the Basic Payment Scheme, farmers may be considering whether or not the lump sum exit payment is worthwhile.

Gill Steel, from LawSkills, reviews the book A Modern Approach to Wills, Administration and Estate Planning (5th Edition) by Whitehouse and King.

Many probate professionals complain about the quality of farm accounts. They mention how assumptions have been made over the years and the forensic analysis of activity and ownership have not [...]