In Lloyd-Webber, the First-tier Tribunal (FTT) decided that expenditure incurred on a contract to buy land could create an allowable loss on the termination of the contract. In A Allam, the FTT provided guidance on the definition of ‘trading’ for entrepreneur’s relief purposes and ‘investments’ for business investment relief purposes. An All-Party Parliamentary Group has published proposals to abolish inheritance tax and replace it with a gift tax. In response to its consultation on extending the trust registration service in light of the Fifth Anti-Money Laundering Directive, the government has published draft implementing regulations.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
In Lloyd-Webber, the First-tier Tribunal (FTT) decided that expenditure incurred on a contract to buy land could create an allowable loss on the termination of the contract. In A Allam, the FTT provided guidance on the definition of ‘trading’ for entrepreneur’s relief purposes and ‘investments’ for business investment relief purposes. An All-Party Parliamentary Group has published proposals to abolish inheritance tax and replace it with a gift tax. In response to its consultation on extending the trust registration service in light of the Fifth Anti-Money Laundering Directive, the government has published draft implementing regulations.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
