2 minute read.
Have a read of the best forum queries, news and articles on our partner website TaxationWeb.
Queries from the forum
A selection of popular queries from the last few weeks.
New Trading Allowance – Useful guidance on how to claim the £1,000 Allowance on the tax return
UK Inheritance Tax and Leaving the UK – How ‘sticky’ is deemed domicile, when leaving the UK?
Grandparents Setting Up a Trust to Pay Grandchildren’s School Fees – Who is settling funds on whom? The scenario highlights some of the quirks of Trust taxation and settlements.
Buy Next Door, Pinch Part of the Garden, Sell On, Save SDLT – SDLT Geek demonstrates why he/she is called SDLT Geek, with a quick lesson in sub-sale relief. Including that it’s no longer called sub-sale relief
Using Residence Nil Rate Band to Make Pecuniary Gifts – Maths highlights a potential deficiency in the legislation where the main residence is sold on death and the proceeds given to descendants
Gift Aid Carry-Back – A warning not to submit your tax return too early to HMRC…
News and articles
A selection of news and longer items published on TaxationWeb.
Draft Finance Bill 2019/20: HMRC’s New Insolvency Powers – RPC Solicitors on the government’s broad plans to allow HMRC to make individuals personally liable for company debts, using Joint Liability Notices
IR35 Cases, Security Deposits and the Acquisition Date for PPR Claims – Peter Vaines looks at Personal Service Companies and IR35, HMRC requiring security deposits against tax liabilities, and the acquisition date for CGT purposes when looking at PPR relief for the main residence.
Do You REALLY Want to Donate IHT to HMRC? – BKL looks at how simple changes to one’s financial affairs can save substantial amounts of Inheritance Tax.