Issue: Vol 161, Issue 4145

PHILLIP DEARDEN reviews the ramifications of the draft legislation on residence and domicile.

The Special Commissioners made the right decision in the recent shares valuation case, Company A, says DAVID BOWES.

MIKE TRUMAN tries to calculate how many trees will die this year for the greater glory of tax legislation.

from Matt Boddington LLB, Accountax Consulting Ltd, tel: 08450 660035.

Is it possible to obtain exemption from capital gains tax on the sale of works of art used in a business? EDWARD MANISTY and JAMES RIVETT explain the conditions.

It's Valentine's Day. RICHARD CURTIS gets all hot and bothered over a little three-lettered word ending in 'x'. Tax, of course! What else did you think he was talking about?

from Gerri Baird

My client carries on a part-time trade via a limited company. When preparing the 31 March 2007 accounts and 2006-07 tax return I found that the director's account was overdrawn by just under £1,000....

Simon C Tomsett, R P Tomsett & Co, Pagham, West Sussex

My client is a limited company that supplies and installs high spec home theatre and entertainment systems. The three directors have recently acquired a residential property with ownership split...

We act for an investment and trading company specialising in let residential property. The company has identified properties which, if purchased, could be developed over a 12 to 18-month period and...

Name and address supplied

Brian Slater, Head of Commercial Tax, Finers Stephens Innocent LLP, Solicitors

Stephen Kattau, Stephen Kattau Ltd, Bagshot

In March 1999, Mr and Mrs A transferred a one-third share in their home to their son Mr B. Their home has always been the parents' only or main private residence, which they have occupied rent free....