Issue: Vol 172, Issue 4429

Be certain clients’ inheritance tax planning takes full account of business property relief

The collapse of a relationship can be a key factor in a claim to only or main residence relief

Day-to-day problems for tax advisers, and a touch of Buddhist training

Highlights from the Tolley conference held at Doubletree by Hilton Hotel, London

In the replies to the query Rent accounts, it was stated that the installation of central heating would qualify as an integral feature and therefore capital allowances would be available. Reference...

Land was purchased in 2009 with the intention of building a residential property on it and the input VAT incurred was therefore reclaimed. The land is now being sold by the client without development ...

UK resident clients have sold a property in Florida. Once depreciation has been added back, a capital gains arises in respect of the sale, but unrelieved losses are brought forward from letting the...

The director of a Swiss company was awarded shares and paid UK income tax on them. A dividend has been issued on the shares, and has been described as a return of capital to shareholders

A director’s loan account was overdrawn by £200,000 at the end of the accounting year and a dividend of an equivalent amount was declared as a repayment. Ffurther loans totalling £180,000 were made...

...Washed up; Military spouses

HMRC have published advice on the correct procedures to follow when a pensioner is moved from one PAYE scheme reference to another. The first full payment submission (FPS) from the new reference must...

HMRC are taking part in a European Union (EU) trial of VAT ruling requests for complex cross-border situations. Under the test scheme – which is set to run until 31 December – a firm registered for...

HMRC have published a breakdown of the number of legal tax-dodging arrangements revealed to the department under the disclosure of tax avoidance schemes (DOTAS) regime in the six months to 30...

Autumn statement The chancellor’s autumn statement has been rescheduled to take place on 5 December. Defaulters HMRC have published the fourth list of deliberate defaulters who meet the conditions...

A new service has been launched by HMRC to make matters easier for vulnerable individuals dealing with the tax department. The deemed consent system for income tax enquiries aims to provide an...