Market leading insight for tax experts
View online issue

IN BRIEF

Views on recent developments in tax.

The trust information protection provisions are now live, although some provisions won’t take effect until 31 August 2025.
HMRC update their Investment Funds Manual (at IFM37800 and IFM37850).

The long-awaited IHT consultation on the proposed reforms to agricultural and business property relief (APR and BPR) (coming in from 6 April 2026) emerged yesterday afternoon (27 February 2025). The consultation is open for two months. Although the consultation was largely as expected, there were a few clarifications and new details which Sarrah Way (Charles Russell Speechlys) discusses here.

Insight from the Upper Tribunal on a ‘debt incurred’.
We now have a clearer picture, although there’s still some way to go and one notable omission.
The latest Finance Bill amendments correct some technical errors and include a few helpful changes to the Temporary Repatriation Relief.
The Court of Appeal judgment in A Taxpayer might not be quite the gift for taxpayers that it first appears to be.
Does the dissent in the recent Supreme Court case of Royal Bank of Canada signal changes to statutory construction principles?
VAT compliance ‘nudge letters’ from HMRC target private equity firms.
EDITOR'S PICKstar
Top