Key developments in the private client arena over recent weeks include: a ruling that Spanish inheritance tax laws are discriminatory, which potentially suggests that the UK tax treatment favouring UK resident non-UK domiciliaries over UK resident UK domiciliaries may be in breach of EU law; the imminent abolition of a significant pension tax charge; the FTT decision in Hirst, which represents further evidence of the courts’ willingness to allow entrepreneurs’ relief; and, in Drown, there is confirmation that executors can apply for tax reliefs which a deceased could have applied for.
