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 and her husband separated and were subsequently reconciled, a Capital Gains Tax (CGT) liability was probably the last thing they were thinking about. The woman owned...
Continue readingClients holding shares in companies listed on the Alternative Investment Market (AIM) are reminded that, from 5 August 2013, it has been possible to hold such shares within an ISA,...
Continue readingWhen a bank account is held in the names of several people, the interest earned on the account normally ‘belongs’ equally to all of them. Does that mean that the...
Continue readingHot upon the heels of a tax case in which it was ruled that a residential lettings business could constitute a ‘business’ for Inheritance Tax (IHT) purposes comes a ruling...
Continue readingThe opportunities for obtaining tax relief in a prior year are normally limited, but one such opportunity is often overlooked. HM Revenue and Customs do allow taxpayers to carry...
Continue readingThe First-tier Tribunal has quashed the penalty assessments made on two taxpayers who had failed to file their tax returns in time, because HM Revenue and Customs (HMRC) failed clearly...
Continue readingWhen affairs of the heart went awry, a man faced an unexpected tax bill. The man decided to buy a property in 2001 when he was engaged to be...
Continue readingWhen a Dutch man invested $1,400,000 (half from the sale of his house in the Netherlands and half borrowed) in a bundle of life assurance policies, he did not anticipate...
Continue readingA firm of accountants which failed to point out tax saving opportunities to a client when he sold his company was found to be negligent by the High Court recently. ...
Continue readingMany countries charge the equivalent of Capital Gains Tax (CGT) on the profits made when a person’s private residence is sold. The UK does not. In addition, the availability of...
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