Issue: Vol 163, Issue 4196

KEITH M GORDON continues his look at HMRC’s new powers to inspect taxpayers’ premises

KEN MOODY explains the rules on connected party debt in the context of loan relationships and connected companies

MIKE THEXTON laments the passing of the General Commissioners with a look back at his appearance before them

PIERRE VALENTIN and DANIEL MCcLEAN discuss the importance of a recent tribunal decision relating to importing works of contemporary art

An employee sets up a limited company to provide other, additional, services to his employer

What are the tax implications when a limited company sells a database for a nominal amount and a share of future profits?

The price of hospitality when incurred by a business and whether tax relief can be obtained on it is examined in a situation where a self-employed consultant provides refreshments for his clients

A wife leaves assets in her will to her husband and adult children on a nil-rate band discretionary trust and the remainder of the estate to her husband

Art critic’s income from inherited works of art; reclaiming VAT on entertaining; payment in shares rather than cash; tug-of-love pet

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Excerpts from latest issue

Changes to tax treatment of pensions

Not to be used to make retrospective VAT adjustments

Defence will no longer be used against any claim made before 26 May '05

Online films aimed at new and small firms