The Treasury has launched a consultation on the devolution of stamp duty land tax (SDLT) to the National Assembly for Wales, following recommendations by the Silk Commission.
DV3 RS Ltd Partnership v CRC, Court of Appeal
A client has turned 60 and has been advised that he is entitled to a pension as a result of a relatively short period of employment in the civil service many years ago. He pays tax at 40% on earnings, meaning he would prefer to defer payment of the pension until he retires from full-time employment, but will the tax liability also be deferred?
HMRC seem to be allergic to granting an SDLT relief
Allchin (TC2613)
Pollen Estate Trustee Company Ltd & another v CRC, Court of Appeal
The taxpayer has received a pension payment relating to the protected rights of his late wife. Tax has been deducted under PAYE, but does this income form part of relevant UK earnings?
Enterprise investment scheme relief is important and valuable. The relief can be lost by the investing taxpayer if the recipient company does not “employ” the funds within the specified period of time
Advice is required on the use of trusts both generally and to hold investment properties. The availability of the inheritance tax nil-rate band on a rolling seven-year basis is confirmed, but a suggestion that investment properties should be transferred to a company and the shares into trust seems less advisable
The government has published a consultation on allowing company shares traded on a wider range of equity markets to be eligible for a stocks and shares individual savings account (ISA).
The measure was mooted in the autumn statement, the idea being to include markets with a component of smaller company shares and encourage investment in these smaller entities. Comments should be submitted by email no later than 8 May 2013.
P Saund (TC2400)
Joost Lobler (TC2539)
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