Residence and domicile: proposed amendments to the residence and domicile tax rules
Friday, 18th January 2008
The Government have published further details on the proposed amendments to the residence and domicile tax rules. There are: draft legislation, explanatory notes, and frequently asked questions (with answers).
Charities and Public Benefit: Guidance for Charity Trustees
Wednesday, 16th January 2008
The Charity Commission has issued guidance for charity trustees on public benefit under the new Act. There are three publications: the statutory guidance, a summary and an analysis of the law underpinning charities and public benefit.
Inheritance tax interest rates
Wednesday, 16th January 2008
HMRC have updated their inheritance tax customer guide, showing that the rate of interest for an under- or overpayment of tax has changed. It is 4% per annum, from 6th January 2008. Read more
Transferable nil rate bands - STEP guidance
Thursday, 10th January 2008
STEP have issued guidance on how clients should be advised on inheritance tax in relation to transferable nil rate bands. Toby Harris, a member of STEP Technical Committee, has suggested the following principles. Read more
