Recent tax developments that matter affecting private clients, reviewed by Andrew Goldstone and Katherine Forster (Mishcon de Reya).
Hargreaves: what constitutes ‘staleness’?
In Hargreaves v HMRC [2019] UKFTT 244 (TC) the First-tier Tribunal (FTT) allowed Hargreaves’ appeal against a discovery assessment that was ‘stale’ with HMRC losing out on £84m of tax.
Hargreaves filed tax returns on the basis that he had become non-UK tax resident in March 2000 two months before disposing of shares for £231m.
On moving to Monaco in March 2000 he first lived in a hotel and then briefly on his yacht before settling in a rented property.
In January 2004 after being alerted to the fact Hargreaves was working for three days a week at the firm’s UK head office...
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Recent tax developments that matter affecting private clients, reviewed by Andrew Goldstone and Katherine Forster (Mishcon de Reya).
Hargreaves: what constitutes ‘staleness’?
In Hargreaves v HMRC [2019] UKFTT 244 (TC) the First-tier Tribunal (FTT) allowed Hargreaves’ appeal against a discovery assessment that was ‘stale’ with HMRC losing out on £84m of tax.
Hargreaves filed tax returns on the basis that he had become non-UK tax resident in March 2000 two months before disposing of shares for £231m.
On moving to Monaco in March 2000 he first lived in a hotel and then briefly on his yacht before settling in a rented property.
In January 2004 after being alerted to the fact Hargreaves was working for three days a week at the firm’s UK head office...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
