Market leading insight for tax experts
View online issue

Private client review for July 2021

Speed read
There is something of a mixed bag in this month’s review. The OTS is reviewing a change to the tax year end date for individuals. A recent High Court decision is a cautionary tale on testamentary capacity. HMRC’s tendency to refuse the deduction of debts from the value of an estate for inheritance tax purposes where the limitation period for the debt has expired should not always be accepted at face value. Sometimes wealthy individuals want to pay tax, as a recent Jersey case shows. New guidance illustrates HMRC’s view that a common mechanism to de-envelope a property involving the issue of shares in return for the contribution of funds is chargeable under the SDLT provisions in FA 2003 s 75A.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.