In the case of HMRC v Sir Alexander Fraser Morrison, the Upper Tribunal found that a payment made in settlement of a High Court action was not a contingent liability under TCGA 1992 s 49, thus overturning the decision of the First-tier Tribunal. Paul Howard examines what this would mean in similar situations.
Practitioner views on the impact of the Autumn Statement:
Your guide to the key measures
Jason Collins gives his predictions on what to expect from next week’s Autumn Statement.
By Andrew Goldstone & Jonathan Legg, Mishcon de Reya
CGT on newly built house
Wendy Walton and Miranda Chamberlain review recent changes affecting private client advisers, including the Cotter decision, a case on legal professional privilege, the UK share registry plan, an update on claims against foreign estates, and the retrospective application of the Hastings-Bass principle in Jersey.
Malcolm Finney answers a query on split-year residence and the sale of shares.
The chancellor is preparing to announce that CGT will be charged on British property sold by overseas nationals and expats, meaning that ‘thousands of Britons living abroad face being caught up in a tax raid on wealthy foreigners buying and selling property in the UK’, according to the Telegr
HMRC and HM Treasury do not know if gift aid and other tax reliefs on donations provide as much value for the charitable sector as they could, according to a report published by the National Audit Office (NAO) on 21 November.