Latest News

Trusts Are Handy But Can Be Hazardous - Always Take Advice

Trusts can be an invaluable means of providing for vulnerable loved ones, but they need careful...

Inheritance Tax Mitigation Scheme Ends in Abject Failure

If offered the opportunity to shelter their homes against future Inheritance Tax (IHT) liabilities...

Off-Plan Flat Buyer Wins Full CGT Relief in Test Case

Can a purchaser of a property be said to 'own' it after contracts are exchanged but before the...

Stamp Duty Land Tax Dodge Backfires

When a couple wished to avoid paying Stamp Duty Land Tax (SDLT) on the purchase of a property,...

Wealthy Online Investor in Bitcoin Futures a 'Consumer'

Can someone who trades in cryptocurrency futures or other sophisticated products via an online...

Court Allows Trust Error to Be Corrected

Mistakes do happen, and in some circumstances they can be rectified by the courts. In a recent...

Court Denies Widow the Right to Challenge Trust Arrangements

Trusts have been gradually falling out of favour, according to a recent report. It is thought that...

Is IHT Simplification On the Way?

More than 550,000 people die annually in the UK and half of those deaths require the completion of...

Ignorance Not a Reasonable Excuse for Tax Disclosure Failure

When an 18-year-old woman bought a derelict end terrace property in London in 2006 and sold it to...

If HMRC Don't Get it Right

You may be forgiven for thinking that the authorities always follow proper procedures, but that is...

Don't Be Caught in a Pension Scam

Scams of all shapes and sizes are becoming depressingly frequent and the Financial Conduct...

Time to Review Your Discretionary Trust?

When the Finance Act 2006 came into force, it introduced a ten-year charge on discretionary...

New Guidance on Care Home Charges After Death

It is a stressful and unhappy enough time when a loved one dies, but the anguish of those mourning...

A Little Too Much Knowledge Can Be a Dangerous Thing

There are special rules for people working in the UK on short-term secondment from employers based...

Be Careful Who You Trust With Your Finances

Giving someone else power of attorney over your finances can be a useful means of ensuring that...

Who Owns the Balance on the Joint Account?

Sometimes, what seem to be quite simple questions have to be decided in court. In a recent case,...

Reliance on Accountant Shows Reasonable Care

If you rely on your accountant's advice regarding a tax issue, HM Revenue and Customs (HMRC) will...

Non-Residents Beware - Ignorance of UK Tax Law is No Excuse

About 900,000 UK citizens are long-term residents abroad, and it is no particular surprise that...
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