HMRC publishes the latest quarterly Trusts and Estates Newsletter. In Hesketh & Welland, the taxpayers’ ignorance of the need to submit NRCGT returns was not a reasonable excuse. In Rowe & Vital Nut, APNs and PPNs issued to film scheme investors and EFRBS participants were held to be valid. Barker v Baxendale Walker Solicitors highlights the importance of pointing out risks involved in the implementation of tax avoidance schemes. Recent press coverage reminds practitioners that donations to political campaigns are lifetime chargeable transfers, subject to IHT at 25% if grossing up is necessary. The GAAR panel has issued three further opinions. English Holdings held in the taxpayer’s favour that corporation tax losses can be offset against income tax profits. MDL Property Consultants confirmed that LLPs are not transparent for all tax purposes.