Can i just check my understanding - the transitional spreading relief is optional? Iris seems to be forcing the spreading of the transitional profit whereas our client would like to pay the total tax arising in 2023/24. Iris are saying this is not possible?
My answers
Can i just check my understanding - the transitional spreading relief is optional? Iris seems to be forcing the spreading of the transitional profit whereas our client would like to pay the total tax arising in 2023/24. Iris are saying this is not possible?
No you cannot confirm, or no the capital gain in a life interest trust should not be declared on the personal self-assessment?