The Office of Tax Simplification (OTS) has published its third and possibly final report on the subject of the taxation of partnerships for smaller unrepresented businesses that are trading in an unincorporated form. Mark Waddilove (Baker Tilly) which responded to the consultation, assesses the report.
Diane Elliott (BDO) provides a guide to the simple practical steps which can assist in agreeing a valuation with HMRC
A tribunal has decided that horse racing is not a trading activity. You would not bet on that changing any time soon, writes Peter Vaines (Squire Patton Boggs)
The Office for Tax Simplification (OTS) has published its final report and recommendations on the taxation of partnerships.
Lisa Stevenson (Parisi Tax) answers a query concerning employee ownership trusts, EBTs and succession planning
Was the trade conducted on a commercial basis?
Pete Miller (The Miller Partnership) analyses the changes to entrepreneurs’ relief and goodwill amortisation in draft FB 2015
Trade of horse ownership
Qualifying trade
Devolution is being undertaken piece-meal and inconsistently, writes Lakshmi Narain