Recent Articles

Careless Inaccuracy - Steady v HMRC [2016] UKFTT 0473 (TC)

July 21, 2016 | Private Client

In Cambridge County Court in June 2016, the First Tier Tribunal Tax Chamber sat to give their verdict on the fate of Mr Steady. Mr Steady filed annual tax returns under the self-assessment regime each year. At the end of each tax year, he would contact the various banks and building societies with which he(Read more)

H M Revenue & Customs Issue Revised Charter

July 20, 2016 | Private Client

H M Revenue & Customs have published an updated Charter which explains what taxpayers can expect from H M Revenue & Customs and what they expect from tax payers.  The charter is set out below:  1. Your rights - what you can expect from us 1.1 Respect you and treat you as honest We’ll treat(Read more)

Dispensing With Service

July 15, 2016 | Private Client

Senior Judge Lush heard an appeal in June against an order allowing a statutory Will to be executed without an affected party being notified. A statutory Will can be applied for when someone has lost capacity to make a Will themselves. The Court will consider the submissions of parties as to what should be in(Read more)

Post ‘BREXIT’: The Only Certainty is…Uncertainty?

July 12, 2016 | Residential Property, Commercial Property, Employment, Dispute Resolution, Business Services, Private Client, Family Services, Motoring and Road Transport, The Arts

Although there has been huge political fallout in the last fortnight as a result of the BREXIT vote, the long-term effect on British jobs, business and individuals is unclear. From an economic perspective, after an initial plummet from 6338 to under 6000, the stock market appears to have recovered to near pre-vote levels (FTSE 100(Read more)

Caveat With Caution

July 12, 2016 | Dispute Resolution, Private Client

In certain circumstances a person may wish to challenge the validity of a Will. In such cases, a party may enter a caveat which, while in place, will prevent the issue of a grant of probate. In Elliott v Simmonds and others [2016] EWHC 92 (Civ) (Elliott) the claimant entered a caveat and issued proceedings(Read more)

Case Summary (Matrimonial Dispute – Construction of Trust as Tantamount to General Power of Appointment): MaC v MeC [2016] NZSC 29

July 11, 2016 | Private Client

Mr and Mrs C were married in 1989, had two daughters who were born in 1990 and 1994, separated in 2000 and were divorced in 2009.  By the time of the separation Mr C had built up a significant saw milling and timber processing business, which operated from land and buildings in Vaughan Road, Rotorua. (Read more)

Case Summary (Farming Partnership – Rescission of Transfer for Mistake): TB & CB v PB [2016] EWHC 898 (Ch)

July 11, 2016 | Private Client

The Claimants, who were father and son, farmed together in partnership Seamer Grange Farm.  There were advised to place this property in trust and that there would be no capital gains tax chargeable on the transfer.  Unfortunately, the advice which they had been given was incorrect; capital gains tax was exigible on the transfer, amounting(Read more)

Challenging a Will - Who Pays the Costs?

July 08, 2016 | Dispute Resolution, Private Client

There are legions of disappointed relatives when it comes to the possibility of inheritance.  Should the expected legacy not materialise, suspicions that the deceased was “got at” or lacked mental capacity will often rise to the surface. The normal step, if a Will is to be challenged, is to enter a “caveat” at the Probate(Read more)

Computer Says No

June 28, 2016 | Private Client

In January 2016, the First-Tier Tribunal Tax Chamber determined an appeal made by Mr Halford against a penalty imposed on him for late payment of tax. Mr Halford appealed a £72 fine and interest levied against him because he had failed to pay his income tax on time. Mr Halford completed his tax return online(Read more)

HMRC Opens Consultation on New Corporate Tax Offence

June 07, 2016 | Private Client

HMRC has opened a second consultation in relation to draft legislation for the corporate offence of failure to prevent the criminal facilitation of tax evasion. The first consultation on this new offence took place in July 2015 with a first draft of the legislation being produced in December 2015. A revised draft has now been(Read more)