Field Court Tax Chambers

As Peter Vaines’ comments in his introduction to this month’s bulletin, in these extraordinary times it is surprising to find anything going on in the tax world other than those measures addressing the consequences of CoVid-19. However, if you take a look at the March UK Tax Bulletin, you will find a reassuring number of interesting new developments. This month’s edition covers the very important and highly topical HMRC announcement on exceptional circumstances for tax residence purposes; the forestalling proposals in respect of Entrepreneurs Relief (now Business Asset Disposal Relief) and the new professional bodies guidance on the IHT rules relating to UK residential property. And if you are not a TOAA nerd (or even if you are), we know that you will enjoy Peter’s analysis of the two recent and highly significant cases of Davies and of Fisher. You can read March’s edition here and you will find previous editions and the decisions in Davies (where Patrick Way QC represented the taxpayer) and Fisher (where Philip Baker QC represented the taxpayer) on our Resources page.

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