Faculty of Doctoral Research
Non-domiciled investment banker loses appeal against £675,000 tax bill over director loans Mr The investment was intended to qualify for business investment relief, making it exempt from tax. Business Investment Relief (BIR) is a potentially valuable tax relief for UK taxpayers, particularly non-doms, who have used or are currently using the remittance basis. The BIR […]
In the first three months of 2023, the Family Court saw 69,208 applications for the grant of probate, up 12% from the first quarter of 2022. The court notably managed to grant more than 50,000 approval grants during this period. Additionally, an unprecedented 89% of applications and 90% of grants were processed digitally, signifying the […]
Introduction It appears that small businesses may be causing a tax deficit, with a recent problem of Age of Accounting highlighting that around 60% of the UK’s tax gap for 2022-23 was attributed to small businesses. The tax gap, for those who don’t know, is the difference between the taxes actually collected by HMRC and […]
Are you facing a disagreement or legal problem? We know that dealing with legal matters can seem overwhelming, especially if you are unfamiliar with the world of law. In the first three months of 2023, 443,000 civil lawsuits were filed in the county court, the highest number in three years, according to Civil Justice data. […]
The changing tax landscape in the UK: high earners and the exodus abroad Introduction In recent years, the UK has seen a significant change in its tax landscape. There are now 2.8 million more taxpayers compared to 2010. This change has concentrated the tax burden on a smaller segment of the population, with more than […]
In the ever-changing landscape of the UK legal system, certain cases shape the course of legislation and set crucial precedents for future judgments. Join us as we take a look at some of the UK’s most notable legal cases. By delving into these legal battles from recent history, we offer insight into the intricacies of […]
Make sure your taxes are dotted and t’s crossed, as HMRC investigations are increasing. Over the past year, HMRC has significantly increased its tax investigations, opening around 250,000 new investigations. Many of these requests have targeted high net worth individuals (“HNWIs”) and small businesses. Using cutting-edge technology and artificial intelligence, HMRC can now identify potential […]
In this blog, we’ll explore the intricacies of joint real estate ownership, particularly the difference between “joint tenancy” and “tenants in common,” and how these choices can profoundly affect your ownership experience. Did you know that there are significant legal and financial differences between the two? How does a co-ownership work? Land ownership can be […]
Why it’s always important to “think carefully about your consideration” when selling your business Introduction As a chartered tax advisor, one case that stands out from my years of study is Marren v. Ingles and the curious reference to a “choice in action.” For those interested (?), the dictionary (or legal) definition of a “choice […]
A Durable Power of Attorney (LPA) is the most common form of power of attorney, granting someone legal authority to make financial and medical decisions on your behalf if you lose the ability to manage those matters yourself. It could be an illness or accident that leaves you unable to make critical decisions on a […]
