HMRC has called for evidence into the use of deeds of variation (DoVs) for tax purposes (see www.bit.ly/1CDySxp).
The government intends to legislate in Finance Bill 2016 to bring forward the point at which individuals are treated as deemed domiciled in the UK for IHT purposes to include where they have been resident in the UK for more than 15 out of the past 20 tax years, with effect from April 2017.
The Inheritance Tax (Electronic Communications) Regulations, SI 2015/1378, come into force on 6 July 2015 to provide the legal framework for the new inheritance tax online service, including electronic delivery of returns.
The tribunal has decided that a scrip dividend is capital in the hands of trustees, and therefore subject to the IHT exit charge, writes Peter Vaines (Squire Patton Boggs)
Andrew Goldstone and Helen Manis (Mishcon de Reya) review the latest developments that matter in the private client arena
Andrew Goldstone and Sarah Albury (Mishcon de Reya) review the latest developments that matter in the private client arena, including: HMRC’s hat trick of wins in cases against schemes promoted by NT Advisors; a consultation on VCTs; Lobler and rectification for the partial surrender of insurance policies; online filing of IHT accounts from August; and Tager and punitive tax-related penalties
Hints of things to come, by Sophie Dworetzsky (Withers).
Andrew Goldstone and Victoria Howarth (Mishcon de Reya) review recent developments, including civil partnerships, HMRC’s solicitors tax campaign, and the implications of Kicks v Leigh, Chadda v HMRC and Kennedy v Kennedy.
Inaccuracy in an IHT return