PRIVATE CLIENT TAXES

Capital gains on disposals of property

HMRC has published Revenue and Customs Brief 8/2015: Deducting VAT on pension fund management costs confirming that it will accept tripartite contracts between the supplier, scheme trustees and the employer as evidence to support an employer’s...

Discounts on stripped interest coupons

Mistake by the taxpayer; appeal allowed

The Treasury has published its proposed next steps on tackling evasion and avoidance. James Bullock (Pinsent Masons) reviews the detail.

Hints of things to come, by Sophie Dworetzsky (Withers).

The Community Amateur Sports Clubs Regulations, SI 2015/725, set out revised eligibility conditions for community amateur sports clubs, following consultations in 2013 and 2014 and legislation in FA 2014.

The Child Trust Funds (Amendment) Regulations, SI 2015/600, increase the annual child trust fund subscription limit to £4,080 with effect from 6 April 2015.

HMRC has published guidance on the extension of UK capital gains tax to disposals of UK residential property by non-residents. From 6 April 2015, non-UK residents must inform HMRC when they sell UK residential property as CGT may be due.

UK resident policyholders sometimes invest in overseas insurance bonds to defer tax liabilities of the insurance policy. The use of these policies is increasingly scrutinised by HMRC, writes Andrew Park (BDO).