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Correspondence from readers on topical subjects.
23 Nov 2006

What's in a name?
MIKE TRUMAN argues the case for cash accounting, but under another name.
23 Nov 2006

Bets, bards and beasts
NEIL WARREN considers how three recent tribunal cases should encourage advisers to challenge the way they allocate input tax for partly exempt traders.
23 Nov 2006

The SDLT giveaway?
MATTHEW HUTTON reports on some unexpected improvements to the notoriously difficult SDLT regime for partnerships which were made by FA 2006.
23 Nov 2006

Sad reacquisition
Our client gifted a large number of shares to his wife. Tragically, within 30 days of the gift, the wife died. Our client was the only beneficiary of the wife's estate and accordingly the shares in question were, on the wife's death, inherited by our client. Our initial reading of the rules is that the inheritance is treated as an acquisition at probate value on the date of death (TCGA 1992, s 62(4)).
23 Nov 2006

Car chase
A client worked for a company for four years, where she was provided with a car and free fuel, but the company never submitted P11Ds to HMRC.
23 Nov 2006

Succession problem
My client is 62 and, with his wife, is the co-owner of a small and growing company, formed ten years ago and now with an annual turnover of over £300,000. Current profits after directors' remuneration are not significant and no dividends have been declared. Husband and wife each own one issued share out of an authorised share capital of £100. The company has no fixed assets to speak of, and trades from rented premises.
23 Nov 2006

Home expenses

23 Nov 2006

The weakest link
REBECCA MURRAY suggests that a legislative change is required to the rules relating to offshore 'link companies' in group relief claims
23 Nov 2006