Tax and Financial Planning

When a couple entered into an artificial tax-saving scheme which subsequently failed, they placed the blame firmly at the door of the Isle of Man tax consultancy that had advised...

When a couple received negligent advice from a firm of financial advisers, they complained to the Financial Ombudsman Service (FOS). The ombudsman ruled in their favour and ordered that compensation...

When a woman transferred the lease on her Knightsbridge flat into a trust for the benefit of her two sons, the intention was to provide a benefit to them which...

When determining whether or not a claim for principal private residence (PPR) relief for Capital Gains Tax (CGT) purposes can be made when a property is sold, the exact nature...

The UK tax system has traditionally exempted any profit on the sale of a person’s principal private residence (PPR) from Capital Gains Tax (CGT). The exemption applies to make any...

A recent tax case shows how important it is to be able to prove one’s claims when dealing with the tax authorities. It involved a couple who moved to...

As most people know, there is normally no Capital Gains Tax (CGT) liability on a profit on the sale of your principal private residence (PPR). However, a claim that the...

Not well publicised in the press was the revelation that since September 2013 HM Revenue and Customs (HMRC) have had the power to access your credit card statements by making...

A taxpayer has succeeded in persuading the First-tier Tribunal that an information notice issued by HM Revenue and Customs (HMRC) should be set aside. The man had submitted a...

A recent tax dispute shows the importance of retaining records. It concerned a man who bought two properties which he let out. When he disposed of them, he did...