Explore the complexities of choosing and structuring business entities to optimise tax efficiency, compliance, and liability protection. Our expert-guided insights help you navigate regulations, advise on suitable frameworks, and strategise for tax planning. Ideal for legal practitioners seeking to provide robust, informed guidance to their business clients.
This week's edition of Tax weekly highlights includes: (1) News Analysis on FTT’s decision in Property 118, (2) News Analysis on UT’s decision in Gary...
Tax analysis: In Property 118 Ltd and Anor v HMRC, the First-tier Tax Tribunal (FTT) cancelled the DOTAS scheme reference numbers (SRNs) which HMRC...
Tax analysis: In HMRC v Gary Quillan, the Upper Tribunal (UT) held that an outstanding balance on a director’s loan account was ‘written off’ in the...
This week's edition of Tax weekly highlights includes: (1) the announcement of the Budget date, (2) News Analysis on the UT’s decision in Christian...
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...
Partnerships and VATThis Practice Note discusses:•the nature of a partnership, and why this may be particularly important in a VAT context•how a general partnership, limited partnership, Scottish partnership, and limited liability partnership (LLP) should register for VAT•the circumstances in which
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some point
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
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
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