NICS

Given the kite flying since August, you could expect the real estate industry to take a collective sigh of relief today. Many of the more radical ideas did not come to pass, such as removing the exemption from CGT on selling a main home of a higher...

For the City of London, one of the most noteworthy tax reforms pursued by the Government since it was elected in 2024 has been the introduction of a new tax regime for carried interest, under which receipts will be taxed as trading income within the...

Fortunately, most of the pre-Budget scary stories did not come to fruition – and many owner-managers breathed a sigh of relief! Of course, most of the tax ‘damage’ for owner-managers took place last year, which has accelerated a lot...

QuestionMy client runs a business through a limited liability partnership. It was established in this form for legacy reasons many years ago. The business proved successful, and the individual founders took on investment from two companies who now...

Employment-related securities: differential exit proceeds taxable as earnings

Transactions in securities regime: I Oscroft and others v HMRC [2026] UKFTT 251 (TC) (12 February) confirms HMRC’s long-standing view (put beyond doubt by a subsequent amendment to the legislation) that profits available for distribution include...

Class 1A NICs on ‘pooled’ cars: 1993 agreement gives no estoppel or legitimate expectation

HMRC application to set aside barring order refused