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tax advice

dividends, domicile, oveThe Tax Law Rewrite Project was initiated in 1996 by HMRC in an attempt to make tax legislation more consistent, understandable and clear by removing archaic and impenetrabl

The upper tier tribunal recently overturned the decision in the 2013 first tier tribunal case of Macklin v HMRC.

The case of Dipak Patel v HMRC examines whether or not two trades conducted by the appellant were carried out on a commercial basis with a view to the realisation of profits, or merely as a hobby.

The case of Dennis White v HMRC illustrates the importance of an adequate record keeping system and keeping business and private expenditure separate in a business.

The case of Trevor Anthony Hartland v HMRC examined whether various properties were the taxpayer’s principal private residence (PPR), or whether the sale of the properties amounted to trading asset

The Autumn Statement in December 2014 included a surprise amendment to the rules affecting how goodwill is treated on the incorporation of a trading business.

The case of Harold Leslie Amah v HMRC examined whether the taxpayer could carry forward a trading losses where there was a change in the underlying profession/business being carried on.

Pensions Flexibility

The case of Eugene Blaney v HMRC illustrates the use of the ‘badges of trade’ approach in determining whether or not activities amounted to a trade for the purpose of claiming relief for Capital Ga

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