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Many farmers and equine businesses own private horses and it is often a matter of debate as to how the private use is treated in the Accounts and tax computation. As always there are tax planning [...]

An organisation called Tax Justice Network was reported in the Guardian on 3 June 2019 as having published a report entitled “How Inheritance Tax breaks favour the well-off”. It comments on the [...]

It is imperative to look at all inheritance tax planning for the UK farming industry, especially with the introduction of the Agriculture Bill and increasingly elderly farmers. Emphasis must be [...]

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 [...]

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” [...]

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 [...]

The making of gifts by attorneys regularly crops up in cases before the CoP usually because the attorney has overstepped the mark and retrospective approval is sought or the misbehaviour is so [...]

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

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 [...]