It is time for the penultimate Tax Bulletin of 2020 and there are some glad tidings to report! Peter Vaines brings us another fascinating look into the most interesting and important events over the last month. Perhaps trying to get onto the “nice” list ahead of December, HMRC has stopped sending threatening letters to taxpayers in favour of helpful nudge letters reminding them of issues they might have forgotten. This edition also includes an in-depth analysis of the surprising controversy over what is a ‘residence’ for principal private residence relief. There is an end to the EMI approval saga, and an interesting overview of what constitutes a ‘trade’ in light of a recent case. Along with the latest rates of inflation and interest, the bulletin contains everything you need to keep on top of things going into the end of 2020 and can be found here.