Holdover relief – Mark McLaughlin

Divorce: From bad to worse?

The end of a marriage (or civil partnership) is often difficult and stressful. Unfortunately, the tax rules could make a bad situation worse. Gifts of assets Where one unconnected individual gifts a capital asset to another individual, the gift is generally treated for capital gains tax (CGT) purposes as having been made at market value.… Read More »

Trust for the kids: What could possibly go wrong?

A parent with sufficient means may sometimes wish to transfer an income producing asset. For example, mother may wish to transfer investment property in London into a discretionary trust for her daughter (e.g., to help cover university costs or supplement income when buying her own home and/or starting a family). However, there are various tax… Read More »