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.
Pensions analysis: In Reed v Revenue and Customs Commissioners, the First-tier Tribunal upheld an unauthorised payments charge arising from a pension...
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...
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 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
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
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