TRUSTS

BADR and trusts:Trustees of the Peter Buckley Settlement v HMRC [2024] UKFTT 29 (TC) (4 January 2024) emphasises an important point about business asset disposal relief and trusts. A trust can obtain relief on a disposal of a qualifying asset (in...

Are trusts still private arrangements?

Jon Preshaw

Natalie Martin

Jon Preshaw and Natalie Martin (PwC) identify areas of possible risk.

James McCredie

The long awaited legislation on changes to partnership taxation has been published – and it is not as bad as you might have feared, writes James McCredie (Macfarlanes).

Jackie Wheaton

Question My client is a life tenant of a trust. The trustees hold 100% of the shares of a BVI company which has recently sold a major part of its business and now wishes to repurchase its own shares. The question has arisen as to whether the funds...

Jackie Wheaton

Jackie Wheaton (Moore Stephens) answers a query on whether funds extracted from a BVI company would be income or capital for UK tax purposes.

Arabella Murphy

Claire Weeks

Arabella Murphy and Claire Roberts (Maurice Turnor Gardner) answer questions on the recent government consultation, looking at what is proposed, including the reform to non-UK resident trusts.

Ian Maston

Ian Maston (Mastoni Tax) analyses the measures to simplify the inheritance taxation of trusts.

Victoria Howarth

Andrew Goldstone

Andrew Goldstone and Victoria Howarth (Mishcon de Reya) review the latest private client developments that matter.

Simon Yeo

A variety of straightforward commercial lease transactions can fail to qualify for the usual SDLT reliefs merely because the lessor or lessee is acting through a nominee, Simon Yeo (KPMG) explains

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