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Anti-avoidance
Avoidance Miscellany
MIKE THEXTON describes some anti-avoidance provisions in the Finance Act 2004 relating to personal tax issues.
The delicate subject of death-related tax planning is explored by MIKE THEXTON MA, FCA, CTA, director, Thexton Training Ltd. TAX PLANNING INVOLVING death is always a tricky subject. There are a number of traps to fall into which can make the sad event even more unpleasant. There are also a number of opportunities, which tax advisers cannot be seen to press too enthusiastically, in case they are suspected of being in cahoots with the funeral directors. Planning for death is a sombre business; plans which use death seem a little distasteful.
I was interested in the article in Taxation, 12 September 2002 at pages 652 to 654 by Roger Jones concerning capital allowances on the incorporation of a business, with relevant planning points.
MIKE THEXTON MA, FCA, ATII explains the capital gains tax treatment of windfalls from the demutualisation of Scottish Widows.
MIKE THEXTON MA, FCA, ATII illustrates the latest developments on transfers of shareholdings between husband and wife
In an earlier article (Taxation, 12 April 2001 at page 42), I examined some of the peculiar results that can arise from the application of the identification rules to husband-and-wife disposals. This article included the following example:
The deductibility of travelling expenses for doctors on training rotations is examined by MIKE THEXTON MA, FCA, ATII.
A doctor's training is an extremely arduous process, and one of the procedures that a qualified doctor may undertake is a 'training rotation'. This involves working for several months in a succession of hospitals in order to gain a range of experience.
