Wife Entitled to Maintenance Until Sale of Family Home
When divorcing couples disagree on how assets should be divided, the courts will seek to arrive at a fair outcome for both parties. In deciding how the proceeds of sale...
Continue readingWhen 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...
Continue readingWhen 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...
Continue readingThe 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...
Continue readingA 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...
Continue readingAs 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...
Continue readingNot 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...
Continue readingA 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...
Continue readingA 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...
Continue readingIn a cautionary tale for ‘buy-to-let’ property owners, an accountant who was hit with demands for back taxes and penalties in respect of rental profits has failed to convince the...
Continue readingWhen you order something and pay using a credit card, you are protected against loss…or are you? Although many people think that the protection that applies is absolute, it...
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