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Precedents
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
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19th May
Precedents
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
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19th May
Practice notes
Trustees—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
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19th May
Q&As
At what stage and to whom can a Deed of Appropriation take place when selling a second property in an estate?We assume you refer to the situation when...
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19th May
Practice notes
Creation of trusts—blind trustsWhat is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the...
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Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 19th May
Practice notes
The Cy-près doctrineFORTHCOMING CHANGE: On 22 March 2021, the government published its response  to the Law Commission’s report of 14 September 2017,...
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19th May
Practice notes
Relief for income tax lossesReliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer...
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19th May
Practice notes
Assessment for residential accommodationCoronavirus (COVID-19): The content of this Practice Note is temporarily affected by the coronavirus...
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19th May
Q&As
Can a life tenant in a Will bring a life interest to an end by choosing to end it themselves or does it only expire on death?Life tenantsA life...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 19th May
Practice notes
Capacity to litigateOn the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without...
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19th May
Practice notes
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
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19th May
Practice notes
Costs and expenses in the Court of ProtectionThere are court fees and disbursements which will be payable by all applicants on making a new...
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19th May
Practice notes
Acceptance in Lieu scheme and other heritage property reliefsSTOP PRESS: HMRC has updated its guidance on calculating the special price in Acceptance...
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19th May
Practice notes
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
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19th May
Practice notes
Offshore trusts—offshore income gains (OIGs)Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are...
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19th May
Practice notes
Trust disputes—court jurisdiction and procedureTrust litigation has been classified as being of three types:•a dispute as to the trusts on which...
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19th May

Most recent UK taxes for Private Client content

Practice notes
Non-resident CGT—summary [Archived]ARCHIVED: This Practice Note gives an overview of the non-resident capital gains tax (NRCGT) charge that applied...
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Produced in partnership with Alison Cartin of Taylor Wessing LLP 16th Aug
Q&As
If a testator passes their residuary estate, comprising residential let property, to their existing Family Investment Company, will there be a charge...
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16th Aug
Practice notes
ATED—administration and payment of taxThe basic charge to ATED is explained in Practice Note: ATED—the basics. This Practice Note summarises how ATED...
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16th Aug
Practice notes
3 per cent higher rates of SDLT on additional residential propertiesThe higher 3% rates of stamp duty land tax (SDLT) apply to:•purchases of certain...
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16th Aug
Practice notes
Scotland: Land and buildings transaction tax (LBTT)—administration and complianceCORONAVIRUS (COVID-19): Revenue Scotland is not processing paper...
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Produced in partnership with Ronnie Brown of Burness Paull 16th Aug
Practice notes
Scotland: Land and buildings transaction tax (LBTT)—the basicsLand and buildings transaction tax (LBTT) replaced stamp duty land tax (SDLT) in...
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Produced in partnership with Ronnie Brown of Burness Paull 16th Aug
Practice notes
SDLT—section 75A: the SDLT GAARWhy are the SDLT anti-avoidance provisions important?The stamp duty land tax (SDLT) anti-avoidance provisions set out...
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16th Aug
Practice notes
Property income—the income tax chargeThe charge to UK income tax applies to the profits of both a UK and overseas property business.A property...
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16th Aug
Practice notes
15 per cent rate of SDLT for high-value residential property transactionsThe higher rate of stamp duty land tax (SDLT) for high-value residential...
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16th Aug
Practice notes
SDLT—land transactions, chargeable interests and chargeable transactionsStamp duty land tax (SDLT) is charged on chargeable land transactions....
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16th Aug
Practice notes
SDLT chargeable considerationThis Practice Note looks at the meaning of chargeable consideration, which determines the amount of stamp duty land tax...
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16th Aug
Practice notes
When does VAT apply?A transaction must have five elements for UK VAT to be chargeable. It must:•be a supply of goods or a supply of services•be a...
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16th Aug
Practice notes
Annual tax on enveloped dwellings (ATED)—the basicsWhat is the annual tax on enveloped dwellings?The annual tax on enveloped dwellings (ATED) was...
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16th Aug
Practice notes
What is VAT?It is common knowledge that value added tax (VAT) is a tax which increases the price of goods and services that consumers in the UK buy....
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16th Aug
Practice notes
Non-residents and tax on chargeable gains from 6 April 2019—gains and UK immovable propertyBackgroundOn 6 July 2018, the government published draft...
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16th Aug
Practice notes
SDLT—notifiable transactionsThis Practice Note considers the steps to take in relation to SDLT once it is established there is a chargeable...
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16th Aug
Practice notes
Who must and who can register for VAT in the UK?A person carrying on a business who is registered or required to be registered for UK VAT (a taxable...
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16th Aug
Practice notes
SDLT—general reliefs and exemptionsOnce is has been determined that there is a notifiable transaction for SDLT purposes, it should be considered...
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16th Aug
Practice notes
2% SDLT surcharge for non-residentsFrom 1 April 2021, non-UK residents that buy residential property in England and Northern Ireland pay a 2%...
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16th Aug
Practice notes
Dealing in property or property investment?Whether a property transaction is an investment or trading (ie dealing) activity is of key importance to...
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16th Aug

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