Issue: Vol 168, Issue 4319

PAUL BENNEY considers the tax aspects of selling land

NIGEL POPPLEWELL extols the virtues of settling tax disputes in a swift and low-cost manner

RICHARD GREEN-WILKINSON looks at when fixes can be claimed against letting income

RICHARD CURTIS looks at averaging claims

Company purchase of own shares – value

A client has purchased land with the intention of building and selling new houses on it. The project has not gone ahead and the land is to be sold as an exempt sale

A restaurateur was robbed of her takings on the way home after closing. HMRC have refused a deduction for the loss of £2,000, arguing that this was not ‘in the normal course of trading’

A scheme aimed at Polish nationals is being run using a UK company and payments from it with the apparent aim of establishing an entitlement to the UK state pension

A retired taxpayer has an underpayment of income tax, apparently arising from income from property, which HMRC refuse to collect by an adjustment to the PAYE code number

Here or there; Coming up roses; Shop soiled; P11D problem

Range of topics updated

Taxing the rewards for work carried out for a UK-based employer

LSS guidance; Agent update; DOTAS; DTA update; Agent update

Correct treatment remains in information sheet 03/09

Advisers invited to prioritise fixes needed