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PRIVATE CLIENT TAXES


Peter Vaines considers two recent cases providing further insight on negligible value for capital gains purposes

CGT: negligible value claim for deposit account

Nigel Giles answers a query on the taxation of a redemption premium.

The government has decided not to proceed with proposed changes to the matching rules for the ITA 2007 s 731 benefits charge, after respondents to a follow-up consultation suggested that amending the rules in isolation risked ‘unintended consequences of unfairness and opening new opportunities fo

Malcolm Pengelly answers a query on the tax treatment of commissions paid to or for the benefit of investors.

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:

  • James Bullock examines the enforcement and compliance issues;
  • Tony Beare considers the impact on multinational corporations;
  • Peter Vaines examines the private client perspective;
  • David Whiscombe on the impact of the chancellor’s announcement on SMEs;
  • John Hawksworth provides an economic perspective.

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

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