Just a thought …
Thursday, 29th November 2007
In the current political climate in the UK, in which it might be thought that this Labour government might not be in power to pass another Finance Act, what do you advise your client about relying on there ever being a transferable nil rate band? Do you say that a trust is still advisable until the ink is dry on the statute?
Inheritance Tax and the valuation of property owned jointly by spouses or civil partners
Wednesday, 28th November 2007
HMRC have published Revenue & Customs Brief 71/07, which deals with the valuation of property owned jointly by spouses or civil partners. The article discusses the application of section 161 of the Inheritance Tax Act 1984. Read more
Guernsey proposed tax changes
Monday, 26th November 2007
Laila Arstall, of Carey Olsen, has written about the proposed new tax changes in Guernsey, due to be discussed by the States of Guernsey on Wednesday. Read more
STEP Calls for CGT Re-Think on Resident Non-Domicile Regime
Monday, 26th November 2007
The Society for Trusts and Estate Practitioners (STEP) have suggested that the major changes proposed by the Pre-Budget Report to the capital gains tax treatment of trusts for foreign domiciled UK residents (Resident Non Domiciliaries - RND) should be postponed to give time to assess the impact on inward investment, philanthropy, tax revenue and the financial services industry. Read more
Statutory residence test recommended by CIOT
Monday, 26th November 2007
The Chartered Institute of Taxation (CIOT) has issued a statement recommending that a statutory and comprehensive residence test should be introduced, as part of a proper reform package. This follows the announcements in the Pre-Budget Report of changes to the residence and domicile rules. Read more
HMRC November Podcasts
Monday, 26th November 2007
HMRC have published the list of published the list of podcasts available. The November additions are: Read more
