In Goode Cuisine Company Limited v HMRC [2018] TC06416 the FTT considered whether relief from the SDLT higher rate charge could apply when a pub purchased a dwelling for use in its trade. It decided not, as the plan was to convert the building into a commercial property which would then exclude it from relief as it would cease to be a dwelling.
SME Tax News
HMRC have issued the Agent Update for April/May 2018. We have summarised the key content for you with links to our detailed guidance on the topics covered.
In Mrs Dorcas Adebowale Akanwo (as Personal Representative for the estate of Miss Taiwo Akanwo Deceased) v HMRC [2018] UKUT 0113 (LC), another Lands Chamber case, the Upper Tribunal upheld HMRC’s valuation of a terrace house of £260,000 compared to the value taken by the executor of £200,000.
In Palliser v HMRC [2018] UKUT 0071 (LC) a Lands Chamber case, the Upper Tribunal found that a property in need of modernisation but with great potential should have been valued for IHT purposes with hope value included.
In Aria Technology Ltd v HMRC and Situation Publishing Ltd as a third party [2018] UKUT 0111 it was decided that a copies of tax appeal notice and the respondents response could be made available by the tribunal to a third party under the principle of open justice.
In Grand UK Limited & others v HMRC [2018] UKUT 0096 the Upper Tribunal confirmed a dispute as to was the actual employer for PAYE. Was it the person who appeared to be the employer, or the person who actually paid the wages?
HMRC have opened a consultation “ Tax abuse and insolvency” focussing on the exploitation of the insolvency procedures to avoid or evade taxes.
HMRC have published their Employer Bulletin for April 2018. We summarise the key content for you, with links to our detailed guidance on the topics covered.
In HMRC v Investec Asset Finance [2018] UKUT 0069 the Upper Tribunal agreed that the costs of capital contributions in relation to the acquisition of partnerships were revenue not capital but found they were still not allowable: the expenditure was not solely for the purposes of Investec’s own trade.