In David Morgan v HMRC [2013] TC 02596 a taxpayer was successful in a claim for Private Residence relief (PRR) for Capital Gains Tax (CGT). He lived at his property for a matter of weeks before deciding to let it out because his girlfriend had left him.
SME Tax News
In Elizabeth Moyne Ramsey v HMRC [2013] UKUT 266 TC the Upper Tier Tax Tribunal allowed the taxpayer's appeal and decided that residential property letting is a business for the purposes of roll over relief under s162 TCGA 1992 (incorporation relief). HMRC has long argued that there is no business in ordinary letting as it is an investment activity.
In Dr A Gayen V HMRC [2013] TC02556 a doctor made a successful appeal against an assessment for a PAYE underpayment and penalties, after his employer operated the wrong tax code and HMRC failed to issue the appropriate direction notice.
The mooted "Mansion tax" is not to be confused with the new Annual Residential Property Tax (ARPT). Read this and then complete our 2 second Poll on the right.
HMRC v Rangers: the appeal. HM Revenue & Customs (HMRC) have decided to lodge an appeal to the Upper Tier Tax Tribunal in order to challenge whether payments made to players participating in Rangers EBT were really disguised wages and not loans.
HMRC are investigating a charity in connection with a multi-million pound Gift Aid tax avoidance scheme. The Cup Trust had a single trustee, based in the Virgin Islands.
HM Revenue & Customs (HMRC) is offering a settlement opportunity to participants of tax avoidance schemes.
Anyone responsible for premises from which gaming machines are provided for play must register with HMRC 11 January 2013.
In HMRC v DV3 Regent Street Ltd FTC/48/2011 [2012] UKUT 399 (TCC) a Stamp Duty Land Tax avoidance scheme worked - briefly.
Joseph Okolo v HMRC [2012] UKUT 416 an individual made four fictitious returns under Self Assessment in order to deceive lenders.