The Telegraph – If Corbyn gets in, we are sending our money to Switzerland

  Corbyn forcing people to move money offshore before Election Day Wealthy individuals are fearful that Jeremy Corbyn will be the next Prime Minister of the United Kingdom causing their wealth and the value of GBP to depreciate. As such these individuals have opted to transfer their money offshore ahead of the general election on…

Details

Financial Times- How can I protect my children’s savings from Inheritance Tax?

Inheritance Tax in the Financial Times this week when Mark Davies helps to answer a reader’s concern over protecting their children’s savings… Click here to read full article Trusts for Bereaved Minors Mark urges parents to seek professional advice to write a will and appoint guardians in the event of premature death. It is possible…

Details

Tax relief on property – some advice from Tom Trewby in the Financial Times

Tax relief on property is discussed in the Financial Times this morning, as one reader poses the question – “If I convert a barn on my farm estate into a house for my son to live in, can I claim tax relief on the conversion?” Tom Trewby advises that costs cannot be offset against farming income,…

Details

Mark Davies in the Telegraph on Offshore Income and Gains letters

In Monday’s Telegraph Laura Miller explores the repercussions of returning a signed offshore income and gains letter to HMRC. https://www.telegraph.co.uk/tax/return/dont-sign-dotted-line-warning-hmrc-letters-could-trigger-tax/ In this article Mark Davies explains that signing the disclosure might prevent a taxpayer from being able to claim an unprompted disclosure of a mistake, which would lead to higher penalties. He also warns that…

Details

An opportunity of a lifetime for the Lionesses? FIFA World Cup 2019

The Opportunity of a Lifetime? The FIFA Women’s World Cup kicked off in France on June 7th, and there’s a genuine feeling of excitement amongst those involved that the tournament represents a game changer for women’s football.  With the quarter finals around the corner we explore an opportunity that could present itself to the current…

Details

Image Rights – a Guide for Tax Advisers examined by Jon Elphick in Taxation Magazine

The recent Hull AFC versus HMRC tribunal judgement has been examined in an article by Jon Elphick which was published in Taxation magazine. https://www.taxation.co.uk/Articles/image-rights-and-hmrc Jon’s  analysis centres on “Geovanni” who is a well known, retired Brazilian footballer. He was signed to Hull City AFC Tigers in 2008 by way of an employment contract. However, his…

Details