HMRC has issued some updated guidance on the pre-owned assets charge and in particular setting out their revised view on double trust or home loan schemes.
I am aware that the case of Equity Trust (Singapore) Limited v HMRC has been a subject of considerable interest.
HMRC have issued a new brief (1811) setting out their view of the inheritance tax and income tax implications of contributions to an EBT by a close company.
A most alarming decision has just been issued by the First Tier Tribunal in the case of Parissis v HMRC TC 1083 concerning what is meant by documents in the possession or power of the taxpayer in Section 20 TMA 1970.
Employee benefit trusts (EBTs) and employer-funded retirement benefits schemes (EFRBSs) have been dealt a crushing blow by the draft clauses for the Finance Bill 2011.
Advice is often sought about how a resident but foreign domiciled client should hold residential property in the UK.
An interesting decision has been published by the Tax Tribunal relating to the question whether the deferral of retirement benefits by a pensioner represented an omission to exercise a right, giving rise to a transfer of value for inheritance tax purposes: Fryer (Executor of Patricia Arnold Deceased) v HMRC.
The Tax Tribunal has recently heard the case of Burton and Others v HMRC TC156 which concerns a flip flop arrangement in respect of an offshore trust.
The Tax Tribunal has recently considered the question of corporate residence in the case of Laerstate BV v HMRC.
HMRC has issued a statement apologising for wrongly denying trustees the right to claim the new UK tax credit on foreign dividends.