HMRC are seeking views on a proposal to apply a reduced rate of inheritance tax to estates that include charitable legacies of at least 10% of the value of the net estate.
For deaths on or after 6 April 2012, such estates will pay IHT at 36% instead of the main rate of 40%.
Robert Langston provides an outline of the rules in TCGA 1992 s 13 which can attribute the gains of overseas companies to UK shareholders
Erika Jupe considers the practical issues involved in a company raising finance under the EIS and VCT schemes
HMRC are inviting comments by 1 June on draft anti-avoidance legislation to provide that certain foreign pensions paid to UK residents may be taxed in the UK.
The government is consulting on proposed changes to limit ‘unintended tax relief’ for employer ‘asset-backed’ contributions to defined benefit registered pension schemes.
HMRC have reminded taxpayers who wish to make a disclosure under the Plumbers Tax Safe Plan that they must notify HMRC by 31 May.
The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2011/1295, specifies the following securities for the purpose of the exemption provided by TCGA 1992 s 115 and Sch 9 para 1: