Private Client weekly highlights—2 May 2019

Published on: 02 May 2019

Published by: LexisPSL

Private Client weekly highlights—2 May 2019
In this issue:
Brexit
New Brexit toolkit
No deal Brexit arrangements—Switzerland announces 3,500 UK work permits for 2019
Key UK pension reforms delayed by Brexit-distracted government
Contentious trusts and estates
High Court provides directions in Zaha Hadid estate case
Price v Saundry costs judgment published
Trusts

More...

Court of Appeal rejects presumption of anonymity in trusts cases
Trust Registration Service—ongoing development and consultation on 5MLD
CA confirms test for breach of trust and dishonest assistance
Powers of attorney and advance decisions
The validity of LPAs when witnessed by attorneys
OPG publishes 2015 to 2019 Safeguarding Strategy
Court of Protection
House of Lords withdraws objections to Mental Capacity (Amendment) Bill
Insolvency—private client
Exploring the breadth of the estate in bankruptcy
Heritage property and landed estates
Acceptance in lieu and reduced 36% rate of inheritance tax
Pensions, insurance and tax efficient investments
Inadequate administration systems leads Pensions Ombudsman to send report to FCA
Committee calls for removal of triple lock for State Pensions
BMA warns of effect of pensions storm on NHS workforce
ACA calls for radical simplification of DB benefits
Updated list of recognised overseas pension schemes issued by HMRC
HMRC publishes pension schemes newsletter 109
UK taxes for Private Client
FTT decides preference shares were ordinary share capital for entrepreneurs’ relief purposes
Section 75A applied to inter-partnership transfer of property (Hannover v HMRC)
New grounds of appeal allowed in trust CGT assessment
Tax avoidance, evasion and non-compliance
Improving tax compliance among wealthy individuals
Scotland, Wales and Northern Ireland
Welsh land transaction tax technical guidance
HMRC manual and guidance updates
HMRC Trusts and Estates Newsletter—April 2019
HMRC updates Capital Gains Manual
HMRC updates Charities tax guidance
International
Crown dependencies update economic substance guidance
Assessing the effectiveness of corporate failure to prevent tax evasion offences on corporate behaviour
Additional Private Client updates this week
Thum v Thum
Updates to three HM Land Registry practice guides
E-filing of administration appointments outside court hours held valid
Strong cybersecurity measures for internet connected devices are ‘essential’
Additional news—daily and weekly news alerts
New and updated content
Updated practice notes
Dates for your diary
Trackers
Latest Q&As
Useful information

Article summary

This week’s edition of Private Client highlights includes: (1) The Court of Appeal’s decisions in Group Seven Ltd, in which it confirmed the test for breach of trust and dishonest assistance, and MN v OP and others, in which the CA rejected the presumption of anonymity in trusts cases; (2) The Government’s consultation on 5MLD and its impact on the Trust Registration Service; (3) Analysis of a decision on the validity of LPAs when witnessed by attorneys; (4) Analysis of the Hannover Leasing case in which section 75A of Finance Act 2003 was held to apply to a transfer of property involving related transactions; (5) An FTT decision that cumulative fixed rate preference shares were ordinary share capital for entrepreneurs’ relief purposes, and (6) The Department for Digital, Culture, Media & Sport's consultation on plans to introduce new laws for internet connected devices. Sign in or take a trial to read the full analysis.