Simplified tax treatment for certain ‘not ordinarily resident’ employees
Financial Ombudsman Service is receiving ‘a handful of tax avoidance scheme cases’ each week
New tax rules are intended to address concerns that the current tax regime acts as a barrier to launches of investment trusts. Ian Zeider reviews the detail.
A company can purchase its own shares, but the basic principle is that any amount paid in excess of the capital subscribed for the shares is taxed as a distribution. However, as Paula Tallon and Paul Howard explain, where a number of conditions are satisfied, capital gains tax treatment can be obtained for the shareholder.
Woman with apartment in Spain: whether UK resident
Company acting as trustee of pension funds
ECHR: Jehovah’s Witnesses
Penalty: failure to declare gains
BPR will be available where the business is a market maker anywhere within the European Economic Area
Tax Faculty has asked HMRC to improve navigation