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Capital Gains

Tax charity calls for improved guidance

A trust of property was intended but not evidenced in writing at purchase

Changes to the tax regime for unauthorised unit trusts are the subject of new guidance released by HMRC.

A trust with at least one exempt unit holder and one non-exempt unit holder for the period from 24 May 2012 to 5 April 2014 will be a mixed unauthorised unit trust, and will complete its tax return (SA900) in the same way as for earlier tax years.

M Seddon & others (TC4344)

Will roll-over relief apply when a new company is owned by a new partnership?

Does title need to be split when building a new home in the garden of the existing one?

Capital tax concerns when disclosing income from land and property

Shareholdings in joint ventures and their new entrepreneurs’ relief rules

M Healey v CRC, Upper Tribunal

J Day & A Dalgety (TC4343)

The new regime for non-resident capital gains tax

Capital gains tax implications of a property sale in South America

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