Excluded Property Case

IS IT EXCLUDED PROPERTY? The Court of Appeal handed down its judgement in the taxpayer’s appeal against the notice of determination in Barclays Wealth Trustees (Jersey) & Anor v HMRC (2017) EWCA Civ 1512 (13 October 2017). The...

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Employment related securities

Following the 2016/17 deadline for the reporting of employment related securities, we have noticed an increase in the number of penalty notices received this year in relation to companies who have failed to comply with their filing obligations. This...

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Changes to substantial shareholding exemption

Substantial shareholding exemption (SSE) is available to companies disposing of shares in another company, so long as a number of requirements are met. A number of changes are included in the latest Finance Bill that take effect from 1 April 2017,...

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Trust Registration Service (TRS)

The TRS has been introduced from June 2017 as part of the crackdown on money laundering and will require all (both existing and new) trusts with potential income tax and capital gains tax liabilities to be registered online via this service. The...

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Home Loan Schemes – the latest from HMRC

The ongoing saga of home loan schemes has had a further development. There has still been no case heard to determine with certainty the success, or in the current climate, the increasingly likely failure of these schemes. In the meantime, HMRC have...

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