The government is consulting until 30 September 2015 on whether there is a case for reforming the current system of pensions tax relief.
This note provides draft guidance on the transitional rules, applying from 8 July 2015, to align pension input periods with the tax year by April 2016.
The Pensions Act 2014 (Commencement No.
The Individual Savings Account (Amendment No 4) Regulations, SI 2015/1370, extend the list of qualifying ISA investments with effect from 1 July 2015 to include securities issued by co-operative and community benefit societies and other securities traded on a recognised stock exchange in the EEA.
Robert Waterson (RPC) reviews guidance from the Court of Appeal on the meaning of ‘sham’.
Thomas Dalby (Gabelle) answers a query about an employee share scheme for a company that had been sold to a private equity house.
Zoe Fatchen (Wragge Lawrence Graham & Co) sets out the key features of EIS and SEIS for individuals seeking qualifying commercial investment opportunities and provides some practical tips for advisers.
The CIOT has warned that legislation implementing changes to schemes designed to promote investment in small and growing businesses could deter some investors from taking advantage of the reliefs.
Andrew Goldstone and Sarah Albury (Mishcon de Reya) review the latest developments that matter in the private client arena, including: HMRC’s hat trick of wins in cases against schemes promoted by NT Advisors; a consultation on VCTs; Lobler and rectification for the partial surrender of insurance policies; online filing of IHT accounts from August; and Tager and punitive tax-related penalties