Disguised distributions: Private equity considerations
The ‘close’ company and ‘loan to participator’ legislation exists as anti-avoidance to prevent privately owned companies...
Personal tax
Personal tax
How employer attempts to address the cost of living crisis can fail to deliver
You may remember the furore a few years ago when Greggs announced that a £300 bonus would be paid to all staff, linked i...
The availability of main residence exemption when a house is rebuilt
Although nothing can be taken for granted, there is a general assumption that no UK politician would seek to extend capi...
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Back to basics: principles of stamp duty land tax
With the ever-changing landscape in property taxes, this article reminds us of the basic principles we need to bear in m...
Quayviews: a company penalised for submitting its RTI returns early
I suspect that few readers will disagree with the proposition that, as a matter of principle, HMRC should have the power...
The rules of domicile: what issues can impact an individual’s tax status?
The concept of domicile links an individual to a particular jurisdiction.
The concept of 'connected persons': what are the ties that bind?
The concept of connected persons appears throughout the direct taxes legislation.
High Income Child Benefit Charge: the traps and opportunities
Broadly speaking, the high income child benefit charge applies where a taxpayer has adjusted net income of over £50,000 ...
The statutory residence test: defining ‘exceptional circumstances’
The circumstances underlying this case concern a series of family tragedies which I do not wish to belittle in any way....
Student loans: the increasingly complex matter of repayment
From 1998 onwards, income-contingent student loans are usually collected by HMRC on behalf of the Student Loans Company ...