Gain invaluable insights and guidance on navigating the intricacies of tax implications during share and asset sales. From due diligence to post-sale adjustments, ensure you are equipped with the knowledge to advise clients with precision and confidence. Stay ahead with expert strategies tailored to mitigate tax liabilities and optimise transactional outcomes.
This week's edition of Tax weekly highlights includes: (1) publication of the Finance Bill 2027, (2) a reminder of our full Budget 2026 coverage and...
Tax analysis: The government published Finance Bill 2027, also known as Finance Bill 2026–27 (FB 2027), on 4 November 2026....
Andrew Hubbard and tax experts from Tolley and LexisNexis examine the key announcements, uncover the details behind the headlines and provide...
Tax analysis: In Portsmouth City Council v HMRC, the First-tier Tax Tribunal (FTT) dismissed the taxpayer’s appeal against HMRC’s rejection of claims...
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...
Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares in a company (the target company) that is:•a private company incorporated in the UK, or•a non-UK incorporated private company
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
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
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
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