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Briefing quick find:

Non-dom reforms: April 2017

The UK Government has proposed wholesale changes to the tax treatment of non-domiciled individuals (non-doms) to take effect as of April 2017. We take a look at what this means following the latest draft legislation as at 5 December 2016. …

Key points from the Autumn Statement 2016

Philip Hammond’s first Autumn Statement was also his last. Next year we will have a spring Budget, then revert to an autumn Budget, to be followed by a spring statement in 2018. The main tax and related announcements in this year’s…

Is a payment in lieu of notice (PILON) tax free?

In some circumstances, yes, but this may be about to change. Contracts of employment will often include a clause, which provides that employers can terminate the employment immediately by making a PILON, rather than having to give the full period of…

Requirements of the Charity Commission

Depending on the size and type of a charity, the Charity Commission will require the trustees to produce an annual report, a set of accounts and an annual return for the financial year. In order to check which document or documents…

Key points from the Chancellor’s speech

The Chancellor’s third Budget in the space of 12 months was expected to be less exciting than its two predecessors. His room for manoeuvre was seen as constrained by disappointing economic numbers and June’s EU referendum. Nevertheless Mr Osborne managed…

Partnership agreements for medical practitioners

A well-drafted partnership agreement is essential to establish a clear framework for the running of the practice and the relationship between the partners. Preparing the agreement can be complex and time-consuming but getting it wrong (or, worse still, no agreement…

Tax and Private Client newsletter – 2015

Settlement Packages – Are they taxable? Changes to Stamp Duty Land Tax (‘SDLT’) Charitable legacies: Wills and Deeds of Variation Changes to Capital Gains Tax – Impact on Non-Residents Changes to Main Residence Relief – Residents and Non-residents New Notary Public…

Tax planning with property

Leading tax and legal experts agree that a family home should only form part of an inheritance tax planning exercise as a last resort. Wherever possible, it is usually preferable to look towards other asset classes when considering planning of…