Disclosed schemes
When asked about the number of direct tax schemes notified under the disclosure of tax schemes regime, John Healey said that for the period to 31 March 2007 over 1,450 direct tax schemes (income tax, corporation tax, capital gains tax and stamp duty land tax) and over 800 VAT schemes had been disclosed.
Hansard, 13 June 2007, vol 461, no 104, col 1124W
Buy to let
The Times has reported ('Thousands of buy-to-let families face tax shock', 29 May 2007) that 'The taxman is preparing to clamp down on tens of thousands of buy-to-let property owners who may not have paid enough tax … HMRC have identified 80,000 landlords who may have claimed too much tax relief or have failed to declare the amount of rent they receive from the property, or a capital gain made on the sale of the property'. In this respect, HMRC have advised Taxation:
Longmark Tax Conferences Ltd in association with Gray's Inn Tax Chambers is holding a practical property tax planning Scottish conference at the Marriott Dalmahoy, near Edinburgh on 3 May 2007. Speakers include Felicity Cullen, Michael Flesch QC, Margaret Khnichich, Aparna Nathan, Michael Thomas and Patrick Way. The topics to be covered include offshore structures, stamp duty land tax issues, practical planning and other topical matters. The attendance fee is £400 plus VAT, or £300 plus VAT for bookings made before 17 March 2007.
The relationship between property disposals under compulsory purchase orders and rollover relief
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