Mark McLaughlin Associates

In the edition of Practice Update: BPR Developments – Recent case law clarifies what qualifies for Business Property Relief. Employees Working Abroad – Accommodation and subsistence expenses - a useful simplification. Penalties in Enquiries – An outline of the ‘old’ and ‘new’ penalty regimes. Dates For Your Diary! – A look at some key dates and major changes affecting [...]

In this edition of Practice Update: Entrepreneurs’ Relief - Some of the finer points affecting the new relief. HMRC: Trying to Help! - A look at two recent developments: Business Clearances and CRMs. Transactions in Securities - A look at the anti-avoidance rules potentially affecting close companies. Tax Relief for Goodwill - When can companies generally claim a deduction [...]

In this edition of Practice Update: More HMRC Powers - HMRC could soon inspect business premises - even without prior agreement. IHT and BPR - Exceptions to the two-year ownership requirement for qualifying business property. Phoenix Companies - Why stopping and restarting the same business cold be problematic. Practice Update (Existing Clients) - Money Laundering, Terms of Business letters, [...]

In this edition of Practice Update: Income Shifting - A look at the proposed new rules, including some practical points. Capital distributions on a winding up - Why Companies Act 2006 signals the demise of ESC C16. Clearance from HMRC - Achieving certainty using the new clearance pilot, and beyond. The transferable nil rate band - Implications for IHT [...]