STEP's Technical Committee examines the new test for trustee residence and how this will affect trusts in offshore jursidictions such as in Jersey and elsewhere.
We have an elderly client whose only income is the state pension. The pension is 'covered' by her personal allowances and she does not have a tax liability.
Last July, the pension office wrote to our...
Correspondence from readers on topical subjects.
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The second part of Colin Kendon's article, 'Harry's options', (Taxation, 15 February 2006, page 193, discussed the impact of Enterprise...
I have a client whose business was incorporated on 1 February 2003. There was a shortfall of assets to liabilities on incorporation and this was duly debited to a director's loan account.
To avoid a...
I sold some shares at a gain. The shares were all acquired at the same time and were of mixed use for taper purposes. Within three years, I subscribed for some shares in another company for cash. The...
My client is a lecturer in finance. For some years he has been employed by a UK-based educational establishment, presenting courses there on about 60 days a year, as well as running a consultancy...