Capital connections
A partner is retiring from a farming business which will then be run by his two brothers. The partnership agreement specifies that he will be paid 80% of the open-market value of the partnership land and assets
1 Sep 2010

Cold as ice
A UK-based business installs refrigeration equipment here and abroad
1 Sep 2010

Property roll over
An individual owns 15 properties and these are let on shorthold tenancies. The client spends one to two days each week dealing with his letting business, but wishes to transfer these to a limited company
1 Sep 2010

Gift of property
An investment property is to be given by a father to his son. The son and the son’s girlfriend will use the property as their main residence
1 Sep 2010

New queries, issue 4270
Capital allowances on green energy projects; only or main residence claim; tax due on dividend from German company; gifting EIS shares to son
1 Sep 2010

Doing the splits
A non-resident settlement has stockpiled gains from previous years. What effect does the capital gains tax rate change in 2010/11 have on the benefit chargeable under TCGA 1992, s 87?
25 Aug 2010

Death and taxes
A client had been under investigation by HMRC for underdeclaring income and underpaying VAT. Unfortunately, the client died before the investigation was concluded
25 Aug 2010

Charitable disposal
A charitable company has disposed of several properties. Does the general exemption for income extend to gains?
25 Aug 2010

Happy families
A daughter was left a one-half share of her parent’s property on the death of her mother. The father has moved to a care home and the property has been sold
25 Aug 2010

New queries, issue 4269
Allocation of rental income to children; using own home as a showroom; dealing with a blind trust; VAT treatment of feed in tariffs
25 Aug 2010

Flattened and dazed…
'Conclusion seems to fly in the face of HMRC guidance'
18 Aug 2010

PAYE news
HMRC's business engagement team writes...
18 Aug 2010