ALISON HAYNES and LESLEY SADLER review the decision in SCA Packaging. Will some payments in lieu of notice escape income tax and National Insurance contributions?
My clients are Crouch Ltd which is owned 50/50 by Mum and Dad and Shrek Ltd which is owned in the ratio of 30/30/20/20 by Mum, Dad, Son and Daughter. Crouch Ltd made a loan of £50,000 to Shrek Ltd,...
My attention has recently been drawn to paragraph 15.211 of Simon's Taxes, in which an obscure legal argument is presented to the effect that where a share of property is held in trust, it is not...
My client's mother gifted to my client her main residence approximately nine years ago. Mother continued to reside there exactly as before the gift. Mother has recently died and my client is proposing...
In July 2004, my client exchanged contracts to purchase a property that was used for furnished holiday lettings. However, the owners at that time had been taking bookings from regular customers before...
Extracts from HMRC's eighty-third Tax Bulletin.Franchised businessesAs the Special Commissioner's conclusions were based on findings of fact, HMRC do not consider that the ruling in Balloon Promotions...