Issue: Vol 159, Issue 4108

HMRC have replaced Code of Practice 1 with a new factsheet. ALLISON PLAGER complains that this is not for the better.

JON GOLDING contends that inheritance tax should be flushed away.

ROBERT MAAS suggests that practitioners think carefully before biting into HMRC's offshore disclosure facility.

ROBERT JAMIESON discusses the implications of the Special Commissioner's decision in Phizackerley.

In the second of our Round Tables, held in London on 19 April, MIKE TRUMAN chaired a discussion on the Budget and Finance Bill.

Whilst I have never seen it stated as such authoritatively, I believe that the interaction of taper relief and prior years' losses is such that no taper relief at all can be given, in effect, against...

Our clients are a farming couple who also regularly run a car boot sale. On our advice, the clients declared this income as property income on the 'Land and Property' pages of their tax returns. HMRC...

A client wants to buy 100% of the shares of a trading company ('TC'). He needs a loan to complete, but he does not want to risk his other assets. His bank is willing to lend money to a holding company...

In the 2006 Budget, Gordon Brown announced that the level of increased income that could be disregarded for tax credit purposes was to be raised from £2,500 to £25,000 and this has subsequently been...