Tax and Financial Planning

New rules which came into effect on 1 January 2017 will see professionals who deliberately aid clients to evade (not avoid, which is legal) tax saddled with penalties of the...

The answer to the vital question of whether a taxpayer is ‘ordinarily resident’ in the UK depends on many factors. In one such case, a billionaire businessman received an £84...

Promises of generous returns on backing novel products can be awfully tempting for investors, but such investments should only be undertaken with the benefit of professional advice. In one case...

When a man inherited a property, he and his wife rented it out and later put it on the market for sale. In May 2010, they exchanged contracts for sale....

An essential role of government is to ensure that companies do not operate against the public interest and tight regulatory regimes exist to prevent this, particularly where investments are concerned...

Two recent surveys have underlined the importance to younger people of getting away from what is increasingly seen as a ‘rent trap’, in which the high cost of rentals prevents...

It seems trite to say that the law is what the law is, but in cases where a decision is reached that is correct under the law but which seems...

Data published recently show that the new £100,000 additional ‘private residence’ exemption for Inheritance Tax (IHT), which is due to be introduced in April 2017 and will increase thereafter, could...

Entering into tax avoidance schemes is not for the faint-hearted and, once embarked upon, they can be very difficult to leave. In one case, participants in two such schemes failed...

Capital Gains Tax (CGT) is a complex tax, but the guiding principle is straightforward. It taxes gains on the disposal of non-trading assets. For a person, profits on trading transactions...