Issue: Vol 161, Issue 4140

The sale price of a company's shares were allocated disproportionately between the shareholders. Their agreement and its impact on the Commissioner's decision in determining market value is considered...

The Government has published draft legislation and guidance on income shifting. ANNE REDSTON provides an overview and suggests that a complete change of approach is required

MIKE TRUMAN gets to grips with the consultation document on residence, which proposes that a week spent in the UK will count as eight days

Remember the limits on HMRC's power to recover NICs, advises MICHAEL JONES

Trying to be retiring We have a client who, due to ill health, will need to cease trading. He is in his mid-fifties. His family company (himself and wife as the only shareholders) has substantial...

Income shifting

I must object to this draft legislation in the strongest manner.

My client, a 75 year old widow, recently sold her business for over £1 million. She used £250,000 to purchase a house in joint names with her son James. She does not live in the house, which is...

My client, a local employer, proposes to run an internal 'Christmas Savings Club' for its staff. The employees would make regular payments via a deduction from their salary each month and would...

I am aware that a claim to rollover relief should be made in the tax return wherever possible. However, the time limit for a rollover claim made outside of the return is within five years and ten...

Now that 75% taper relief looks likely to end next 5 April, it focuses my mind even more on whether I should incorporate my accountancy practice before then. The goodwill would be very considerable —...

Reviewed by LIESL FICHARDT, partner, Berwin Leighton Paisner.