Archives

QROPS

QROPS – A guide

QROPS – A BRIEF GUIDE 1. What is a QROPS? QROPS stands for “Qualifying Registered Overseas Pension Scheme. A QROPS is an overseas pension scheme which meets a number of criteria set out in legislation and regulations, the most important of which are that it: • is regulated as a […]

Read More

Follower Notice penalties – the Corrado case

Follower Notice penalties – The Corrado Case The recently reported Corrado case has confirmed the validity of our approach to Follower Notice Penalties. In our previous blog post on the subject of Follower Notice Penalties, we noted that one of the most invidious (and potentially expensive) aspects of the Follower […]

Read More
Loan relationships

Loan relationships, connected companies and impairment losses

Loan relationships: connected companies and impairment losses We are frequently asked to advise on the loan relationships tax position where loans between connected companies have become irrecoverable. In most cases, there is a “tax nothing”; neither impairment losses nor release debits need to be brought into account in the respective […]

Read More
growth shares

Growth shares – the basics

Growth shares – the basics What are growth shares? Growth shares enable a new shareholder (whether an employee or not) to participate in the future growth of a company but do not confer an interest in the company’s existing assets. Share incentives structured in this way are generally far more […]

Read More
long term tax strategy

The myth of the long-term tax strategy

The myth of the long term tax strategy I am often asked by accountants to help advise their clients on long-term tax strategy. I’ll be honest – this gives me a problem. Mythical beast And it’s because the long-term tax strategy is something of a mythical beast – or at […]

Read More
CEST

CEST, MOO and Status Anxiety

Status Anxiety A few years ago, I read a book with this title by the philosopher Alain de Botton, wherein he described status anxiety as the constant fear of being perceived by society as unsuccessful – a very 21st century and decidedly first world problem. In the tax and employment […]

Read More
ssas

Using a small self-administered pension scheme (SSAS) to own business premises

USING A SMALL SELF-ADMINISTERED PENSION SCHEME (SSAS) TO OWN BUSINESS PREMISES What is a SSAS? A SSAS is an employer-sponsored pension scheme (established as a trust) with fewer than 12 members, usually restricted to senior employees or directors of a limited company. The members of the scheme will also be […]

Read More
non-resident cgt

Non-resident CGT on UK Property – the right measure at the wrong time?

Non-resident CGT on UK Property – the right measure at the wrong time? In over 30 years as a tax adviser, I find it difficult to think of a more fundamental change of principle in the UK tax system than the imposition of UK tax on disposals by non-residents of […]

Read More
De Silva

Hopes dashed for appellants in De Silva case

Hopes dashed for appellants in De Silva case The Supreme Court yesterday (15 November) handed down its judgement in the case of R (on the application of De Silva and another) v Commissioners for Her Majesty’s Revenue and Customs. The appellants in the De Silva case were limited partners in […]

Read More

We use cookies on our website to track usage and optimise your experience.

Please confirm that you accept our tracking cookies. If you wish to decline tracking cookies, you can continue to use our website without any data being sent to third party services such as Google Analytics.