Trustees can only unwind mistakes that result in more tax being paid than expected if the trustee acted in breach of trust, the Supreme Court has ruled.
Trusts
A specialist tax barrister recently lost a first tier tribunal appeal against HMRC’s decision not to allow him to claim tax relief on a £475,000 loss on an avoidance scheme of his own devising.
4
One of our clients sadly passed away leaving a wife and two minor children. He hadn't made a will.
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We have received an email from an existing client of ours relating to School fee planning, pasted below. Any comments on this most welcome
2
I'm getting a lot of queries about planning for grandchildren's university fees. ( Isn't everybody?)
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New guidance from the taxman on how property and “flat management” companies should present their accounts has confused accountants, reports Nick Huber.
4
If a trust is settled out of personal assets, for the benefit of family and employees, and the company takes no deduction (and the trustees are completely independent): is there a NIC liability?
