Mark McLaughlin Associates

In this edition of Practice Update: 1. Dividend Waivers – Take Care! Are the settlements rules always a problem for spouses? 2. A Useful Exemption – A recent tax case concerning an IHT exemption, which has no upper monetary limit. 3. Share Sale Trap - When can the ‘loans to particpators’ rules in TA 1988, s 419 apply? 4. [...]

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 [...]