Hello
We have a nice short newswire this time with some interesting case decisions for SME advisers.
Hello
We have a nice short newswire this time with some interesting case decisions for SME advisers.
In Frederick Henderson & Ors v HMRC [2017] TC06010 the domicile of four children was considered by virtue of their father's and grandfather's domicile of choice and origin.
In X-Wind Power Limited v HMRC [2017] UKUT 0290, the Upper Tribunal (UT) considered whether relief under the Seed Enterprise Investment Scheme (SEIS) was blocked because the company filed an Enterprise Investment Scheme (EIS) (rather than SEIS) compliance statement in error. It was.
In R (Hely-Hutchinson) v HMRC [2017] EWCA Civ 1075 the Court of Appeal found in favour of HMRC: the taxpayer did not have a legitimate expectation that his Mansworth v Jelley loss relief claims would be allowed on the basis of incorrect HMRC guidance.
In Development Securities (No 9) Ltd & others v HMRC [2017] TC06007 a Jersey company was held to be UK resident: it undertook transactions (part of a capital loss scheme) that were engineered by its UK parent.
Hello
This time we feature another IHT Business Property relief case. Although only a FTT decision, this one features an interest in a partnership that ran multiple holiday cottages, and certainly builds on previous decisions in this area.
If you use Microsoft Word’s highlighter to redact documents, you need to read this.
In Pradipkumar Hindocha v HMRC [2017] TC05838, the taxpayer's ongoing illness provided a reasonable excuse for an inability to file a tax return on time.