Tax planning and trusts

Termination Payments: The end

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On 10 August the Government published its response to a consultation on the taxation of termination payments. Lisa Wallis and Ruth Christy consider the Government's plans in more detail and their implications. More …

Prior planning prevents tax-poor performance

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Recent changes in residential property tax are confusing for us all. But for our many non-domicile residents, or people who are considering a move to the UK, the sheer array of potential pitfalls must leave them begging the question whether UK property ownership is worth the aggravation? More …

Cultural succession

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Careful planning is needed to ensure that valuable assets, such as works of art and literature or land and buildings which are important to the UK’s national heritage, can be passed down to the next generation in the most tax-efficient manner. More …

Giving to Charity - the 36% Inheritance Tax rate

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Many people choose to make a gift to a favoured charity during their lifetime or in their Will and, under current legislation, those gifts are exempt from inheritance tax provided they are made to qualifying charitable bodies. More …

Housing Associations: what is a charitable activity?

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The Court of Appeal recently ruled that Helena Partnership Limited (HPL) could not reclaim £6m in corporation tax because it was not established for charitable purposes during the period of the claim. More …

Partnership consultation: Change ahead

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Following announcements made in the Budget, a consultation was released on 20th May to consider some of the areas within the partnership rules which HMRC consider are being used for tax avoidance. More …