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We produce regular briefings which examine the latest legal developments, regulations and case law. 

Charitable Grants and VAT

Date Posted: 19/10/2015 Author: Charlotte Black

This article was first published in the 16 October 2015 issue of the Tax Journal, reproduced here with kind permission of the editor.

Charities can find themselves in a tough spot when it comes to the application of the VAT regime to voluntary funding arrangements. As a grant recipient, a charity can be required to charge VAT to its funder if it is deemed to supply s...

Educational institutions paying investment manager fees may be in line to recover associated VAT

Date Posted: 03/08/2015 Author: Charlotte Black

Cambridge University has recently won confirmation that it can treat the fees of its investment fund managers as part of the university's general costs (overheads) enabling a partial recovery of the VAT charged on those fees.

The issue was first considered in 2013 by the First Tier Tribunal of the tax chamber which decided in the university's favour. Last month the...

Summer Budget 2015: Inheritance Tax – Residence Nil Rate Band and Existing Nil Rate Band

Date Posted: 10/07/2015 Author: Diana Davidson and Catherine McAleavey

The Existing Nil Rate Band

At present inheritance tax is payable at a rate of 40% on the taxable value of a deceased person's net assets (an estate) where that value, including the value of any taxable lifetime gifts, exceeds £325,000.  The range of values from £0 - £325,000 is generally known as the nil rate b...

Summer Budget 2015: what non-doms need to know

Date Posted: 08/07/2015 Author: Russell Cohen and Nick Dunnell and Holly Jones

For non-UK domiciled clients, there are two key sets of changes.

The first relates to the availability of the remittance basis and the second to the inheritance tax (IHT) treatment of UK residential property. We deal with each in turn.

Drawing the strands together - a guide to the new UK property tax regime

Date Posted: 15/06/2015 Author: Nick Dunnell and Holly Jones

Over the past three years the government has:

  • introduced new taxes on high value residential property held by companies (whether UK or offshore);
  • significantly increased certain taxes on UK residential property; and
  • introduced an extension of capital gains tax (CGT) to non-residents disposing ...

Non-UK residents: Capital gains tax reporting

Date Posted: 27/05/2015 Author: Diana Davidson

From 5 April 2015 disposals of UK residential property by non UK residents may be subject to UK capital gains tax, whether or not within the regime applying to dwellings held via corporates introduced in April 2013, (“ATED related CGT”).

This note highlights key reporting issues affecting disposals of UK real property by non-UK residents.

The new UK government: what is the future for non-doms?

Date Posted: 12/05/2015 Author: Russell Cohen and Nicola Pomfret

On 7 May, the UK elected the government which will be in place for the next five years. The result was clearer than anticipated: the Conservative Party won the election with a narrow majority.  The outcome is a first Conservative majority government (i.e. not in coalition) for nearly 20 years. The Labour Party had announced during its campaign that the abolition of the ...

Drawing the strands together – a guide to the new UK property tax regime

Date Posted: 19/02/2015 Author: Nick Dunnell and Russell Cohen and Holly Jones

Over the past 3 years the government has:

  • introduced new taxes on high value residential property held by companies (whether UK or offshore);
  • significantly increased certain taxes on UK residential property; and
  • announced further taxes to come into effect in the future.


Q1 Commercial Forecast

Date Posted: 14/01/2015 Author: David Fletcher

Welcome to our inaugural Commercial Forecast.

In each edition we flag up key legal developments over the coming financial quarter, helping to put them on the radar of our business clients and their advisors.


Capital gains tax – the net closes in

Date Posted: 28/11/2014 Author: Nick Dunnell and Debbie Pennington

The government released its response to the consultation on extending capital gains tax (CGT) on 27 November 2014 which was quickly followed by the publication of draft legislation on 10 December.  Together these deal with many of the potential issues identified during the consultation.  The draft legislation is a work in progress and does...

Community amateur sports clubs: HMRC consults on draft qualifying regulations

Date Posted: 21/10/2014 Author: James Maloney

Following the Government's consultation on secondary legislation for Community Amateur Sports Clubs (CASCs) last year, HMRC has launched a technical consultation on the draft regulations on qualifying conditions for CASCs.

The draft regulations provide detail to the new rules governing the CASC scheme, introduced in April 20...

Mixed funds, mixed messages

Date Posted: 06/08/2014 Author: Russell Cohen & Holly Jones

HMRC changes the tax treatment of loans for non-domiciliaries

HMRC has announced a U-turn in its approach to UK resident non-domiciliaries (non-doms) using foreign income and gains as collateral (i.e. security) for loans that are brought into the UK.

Non-doms who have these loans in place wi...

Business investment relief for non-UK domiciliaries

Date Posted: 30/07/2014 Author: Christine Payne Smith

In the past, changes to the remittance rules have, more often than not, limited the scope for a non-UK domiciliary to bring foreign income or gains to the UK without incurring UK tax.  Therefore, the introduction in 2012 of a business investment relief for remittance basis users was widely welcomed.  This note considers the operation of the relief, as well as some ...

Try, try and try again: What to look out for in the new IHT regime for trusts

Date Posted: 23/07/2014 Author: Debbie Pennington

The Government recently published the third consultation paper on the proposed changes to the inheritance tax (IHT) treatment of trusts.  The stated purpose of the consultation is to simplify the IHT treatment of trusts but the real purpose appears to be to put a stop to tax planning using multiple trusts.  It is likely that the law has already...

Non-UK residents, residential property and capital gains tax

Date Posted: 07/04/2014 Author: Diana Davidson & Nick Dunnell

Historic liability of non-residents to CGT

Historically, non-residents have not been subject to capital gains tax (CGT) unless carrying on a business in the UK through a branch or agency.  There have for many years been anti-avoidance rules that attribute gains to UK residents who are beneficiaries or settlors of non-re...

Budget 2014: Measures affecting private clients

Date Posted: 28/03/2014 Author: Robert Field

This article appeared in the Tax Journal 28 March 2014, reproduced here with the kind permission of the editor.

The Commissioners for H M Revenue & Customs (Respondents) v Forde and McHugh Limited (Appellant) ([2014] UKSC 14)

Date Posted: 26/02/2014 Author: Robert Field and Elizabeth Sainsbury

The Revenue has long tried to argue that arrangements deferring the payment of remuneration to an employee should be ignored.  The reason is simple – if the fact that the employee does not yet have the money can be ignored, the tax is paid earlier.

HMRC Taxation of LLPs: Revised Guidance Issued

Date Posted: 26/02/2014 Author: Jonathan Haley

On 21 February 2014 HMRC issued revised guidance and technical notes relating to the taxation of Salaried Members of LLPs. The new guidance significantly expands on the draft issued in December 2013 and provides helpful clarity in several areas, though no material change to the scope of the legislation.  

Capital Gains Tax – casting the net further

Date Posted: 05/02/2014 Author: Nick Dunnell

On 5 December 2013 the Chancellor announced a consultation on the extension of capital gains tax (CGT) to all non-residents on disposals of UK residential property.  No details have been provided except that the new provisions will come into effect on 6 April 2015.  In the absence of any indication from the Government as to the new regime, how is it likely to apply...

The Isle of Man Disclosure Facility (IOMDF)

Date Posted: 27/02/2013 Author: Robert Field


Following the Liechtenstein Disclosure Facility (LDF) (2009) and the coming into force of the UK/Swiss Agreement (January 2013), the first part of the UK's new tax agreement with the Isle of Man has just been released.  Having dealt with continental European tax havens, the Government is clearly setting its sights closer to home.&nb...

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