Simon McKie

Simon McKie is a partner in McKie & Co (Advisory Services) LLP, a consultancy firm providing expert advice on all areas of UK direct taxation relevant to the private client. He can be contacted by email at administrator@mckieandco.com, by telephone on 01373 830956 or visit the website at: www.mckieandco.com.

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HMRC's guidance on TCGA 1992, s 16A is misleading and dangerous to taxpayers and their advisers, says SIMON MCKIE

SIMON McKIE explains why he believes that the extended disclosure rules for tax avoidance schemes hold dangers for all tax practitioners.

SIMON McKIE warns that the tax planning disclosure rules are much wider than practitioners might expect them to be.

SIMON McKIE believes that a better balance is required in the guidance and rules relating to the disclosure of tax avoidance schemes.

Conference

Meeting Points

SIMON McKIE summarises a variety of interesting points from the Keyhaven Tax Avoidance Conference which took place on 30 June 2004.

The new disclosure rules

SIMON McKIE and SHARON ANSTEY of McKie & Co (Advisory Services) LLP show how the application of basic principles can put the brake on excessive stamp duty liabilities.

AFTER CARRYING ON a business in partnership for a number of years and sharing the profits equally, Mr A and Mr B wished to retire and had agreed to sell the business to their friend, Mr C, who was the client.

The balance sheet of the partnership included the assets as shown in Table 1 below.

SIMON MCKIE MA(Oxon), barrister, FCA, FTII, ASFA, TEP explains why he considers the decision in Dimsey is flawed.

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