Robert Waterson (RPC) reviews guidance from the Court of Appeal on the meaning of ‘sham’.
Thomas Dalby (Gabelle) answers a query about an employee share scheme for a company that had been sold to a private equity house.
Zoe Fatchen (Wragge Lawrence Graham & Co) sets out the key features of EIS and SEIS for individuals seeking qualifying commercial investment opportunities and provides some practical tips for advisers.
The CIOT has warned that legislation implementing changes to schemes designed to promote investment in small and growing businesses could deter some investors from taking advantage of the reliefs.
Andrew Goldstone and Sarah Albury (Mishcon de Reya) review the latest developments that matter in the private client arena, including: HMRC’s hat trick of wins in cases against schemes promoted by NT Advisors; a consultation on VCTs; Lobler and rectification for the partial surrender of insurance policies; online filing of IHT accounts from August; and Tager and punitive tax-related penalties
From April 2016, the government will introduce an allowance to remove tax on up to £1,000 of savings income for basic rate taxpayers and up to £500 for higher rate taxpayers. The government said that savings income that remains taxable will be collected through the PAYE coding system.
Hints of things to come, by Sophie Dworetzsky (Withers).
The Child Trust Funds (Amendment) Regulations, SI 2015/600, increase the annual child trust fund subscription limit to £4,080 with effect from 6 April 2015.
The Registered Pension Schemes (Provision of Information) (Amendment) Regulations, SI 2015/606, specify the information scheme administrators must provide with effect from 6 April 2015 both to the receiving scheme administrator when transferring pension funds which can be paid tax free, and to HM