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Increasingly, executors are playing a role in the sale of farm property for a number of reasons. First, the demographic of a large amount of UK farm ownership is elderly. Second, the farm market [...]

With the Entrepreneurs’ Relief (ER) lifetime limit for Capital Gains Tax (CGT) having reduced from £10 million to £1 million in the Budget, it is considered that Rollover Relief will become more [...]

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 [...]

The focus of the recent Budget on the top rate of capital gains tax was reducing to 20% by 6 April 2016. However, the exception is for gains incurred in connection with residential property. [...]

The good news and the bad news. Gill Steel condenses the Autumn Statement 2015 into the key points for Private Client practitioners to take note of.

Since April 2015 the sale of residential property in the United Kingdom owned by non-UK domiciled individuals can generate a tax charge. In the summer the government published the Summer Finance [...]

The past year has seen many significant changes to the capital gains tax (CGT) rules applying to Entrepreneur's Relief (ER). This article summarises those key changes. There is not scope to [...]

In Vaughan-Jones v Vaughan-Jones [2015] EWHC 1086 (Ch), the court agreed to rectify a Deed of Variation which omitted a statement that section 142 Inheritance Tax Act 1984 (IHTA 1984) was [...]

The importance of negligible value claims for capital gains tax (CGT) has been highlighted in agricultural circles by the fact that milk quotas ceased to exist from 31 March 2015.

When the words “Tax Return” spring to mind, immediate word associations for professional advisers could be “31 January deadline” and “income tax mitigation”. However, high on the list of the [...]