In Hunters Property PLC v HMRC [2018] TC06354 shares issued failed to qualify for EIS as the company controlled a company limited by guarantee, it was a subsidiary but the lack of share capital meant it was non-qualifying under the EIS rules.
SME Tax News
The Chartered Institute of Taxation (CIOT) have submitted a proposal to the government intended to level the playing field from a tax perspective between Islamic finance and conventional finance.
The Office of Tax Simplification (OTS) have published ‘Inheritance Tax Review: Call for evidence’, alongside an online survey which seek to gather data about IHT experiences and perceptions.
In Glyne T Harris as personal representative of Helena Norma McDonald (deceased) v HMRC [2018] TC06448 a personal representative was held liable for the estate IHT; assets were transferred to a beneficiary who had returned overseas without settling the tax as promised.
In Krishna Moorthy v HMRC [2018] EWCA Civ 847, the Court of Appeal allowed the taxpayer relief from tax to the extent that the redundancy package covered injury to feelings.
Wendy ‘Amelia’ Poole made history last Sunday by becoming the first woman in Europe (and maybe the world) to take a ride on an autonomous motorcycle.
ATED return failure: if you submitted Annual Tax on Enveloped Dwellings (ATED) return on 11 April your return may be lost.
Hello
This time we have our latest Land and Property update, we also review the latest Agent update, plenty of topical case law and there are a few reminders.
In Goode Cuisine Company Limited v HMRC [2018] TC06416 the FTT considered whether relief from the SDLT higher rate charge could apply when a pub purchased a dwelling for use in its trade. It decided not, as the plan was to convert the building into a commercial property which would then exclude it from relief as it would cease to be a dwelling.