Market leading insight for tax experts
View online issue

Private client briefing for July 2016

Speed read

There have been three interesting decisions of the First-tier Tribunal in recent weeks. Miesegaes indicates that a taxpayer beneficiary should not assume that information disclosed in the trustees’ tax return will be known by the HMRC officer dealing with his personal return. Hall shows that a penalty can be suspended, with conditions, even for a one-off error. And the third, King & Others, suggests that where a partner disagrees with the profit share shown in the partnership return, he should include in his personal return the amount he considers to be correct. The CJEU decision in Sparkasse Allgäu may prove useful to practitioners dealing with estates where a UK resident had accounts in EU branches of UK-based financial institutions. Finally, there is a welcome expansion of investors’ relief to trusts.

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.