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 readingGifts made more than seven years before the death of the donor do not generally attract a charge to Inheritance Tax (IHT) on the donor’s death. However, where the...
Continue readingWhen undertaking tax enquiries, HM Revenue and Customs (HMRC) are well known for embarking on ‘fishing expeditions’ for information. In a recent case, a company which was under enquiry for...
Continue readingWhen an accountant failed to file a client’s year-end PAYE return, the first inkling the director of the company involved had of it was many months later – when the...
Continue readingHM Revenue and Customs (HMRC) have traditionally taken a very tough approach regarding time limits, and many cases arising out of HMRC’s failure to accept what the taxpayer claimed was...
Continue readingThe tax tribunals are not generally known for a free and easy approach to issues. They do, however, have a degree of discretion to correct obvious errors and a recent...
Continue readingClients are warned that the new pension reforms, which now allow pension funds to be treated almost like a personal piggy-bank, are likely to lead to an upswell in attempts...
Continue readingIt is not always appreciated, but HM Revenue and Customs (HMRC) will not hesitate to bring criminal proceedings when tax evasion is significant, as the jailing of a woman who...
Continue readingA man who received a significant gift from his father before he died but failed to declare it for inclusion on the Inheritance Tax (IHT) return to HM Revenue and...
Continue readingIt is generally assumed that any property that you live in as your primary residence will not be subject to a tax on any profit on sale, assuming you own...
Continue readingMost house owners regard rising property prices as a good thing, but buy to let landlords who have neglected to deal with their tax obligations after the sale of their...
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