Private Client

However, Family Investment Companies (“FICs”) might also be affected, and there are planning opportunities and investment strategies that could be pursued by families to ensure that profits continue to be…

HMRC have recently concluded what they describe as research into the use of FICs by the Family Investment Company team, and concluded that there is no need for a specialist…

The rules generally apply to all sole traders and also to members of general partnerships and Limited Liability Partnerships (“LLPs”) and will have an impact on anyone who does not…

  Key points Clients often prefer a company to a trust as it is a structure with which they are familiar. Trusts are flexible structures – which also makes their…

By Sam Hart, Associate Partner & Head of Private Client Tax Originally published in June 2021’s edition of Taxation magazine  The tax due for a failed PET must be calculated at…

Rarely does a day go past without tax reform rearing its head in a daily financial news bulletin. In particular, continued talk of Capital Gains Tax (“CGT”) reform in the…

Tax advisers around the country wondered whether this was indeed just the corralling together of items not required to be included in the Budget, or whether there was to be…

From 1 April 2021, additional rates of SDLT will apply where the purchasers of residential property in England and Northern Ireland are not resident in the UK. It is not…

While new tax-paying trusts are already subject to time limits for registration under the Trusts Registration Service (TRS), under 5MLD, almost all non-tax paying trusts will also be required to…