Stay ahead in the ever-evolving landscape of tax law with insights into budgets and finance bills. This topic provides essential guidance for legal practitioners, offering a comprehensive understanding of legislative changes and their implications on tax practice.
Tax analysis: In Bunting v HMRC, the Court of Appeal rejected the taxpayer’s appeal, holding that capital gains tax (CGT) relief for a loan to a...
The Law Society of England and Wales has published a practice note on the use of artificial intelligence (AI) in legal practice. It confirms that...
Tax analysis: In Brants Bridge Ltd and Braccans Ltd v HMRC, the First-tier Tax Tribunal (FTT) dismissed appeals against HMRC’s refusal to relieve the...
Tax analysis: In the First-Tier Tx Tribunal (FTT) dismissed an appeal against HMRC’s refusal of multiple dwellings relief (MDR) on the purchase of a...
VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
If the words ‘exclusive of VAT’ are omitted from the definition of annual rent, but there is a VAT clause stating: ‘Where this lease requires the...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin termDefinitionMeaningActa iure imperiiLegal
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