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Essential monthly tax news and marketing strategies for busy accounting and tax professionals.

TaxationWeb Roundup – May

Forum Chat Message Discuss Talk Topic Concept

2 minute read.

Have a read of the best forum queries, news and articles on our partner website TaxationWeb.

Queries from the Forum

A selection of popular queries from the last few weeks

Interest Allowance – And this is why we shouldn’t be calling it an “allowance”

Transfer of Property to Children and Loss in Value – The flip side of the “only or main residence exemption” that protects gains

Cash Basis Queries – Useful advice on fundamentals of the cash basis

Additional SDLT Moving from Rented Property While Holding Investment Properties – An SDLT Geek explains the rules for replacing your main residence, to get your 3% back

Daughter’s Wedding Expenses IHT – HELP! – When dealing with questions about IHT from overseas, it is worth bearing in mind that in other countries, IHT is sometimes charged on the beneficiary, and not on the donor.

Dual Dwelling Under a Single Title – A Goodman points out that, just because a building could be split into two dwellings, does not mean that it is two dwellings…

And from the latest contributions, it seems that HMRC is still managing to mess up the “Marriage Allowance”

Visit for Forum now!

News and Articles

A selection of news and longer items published on TaxationWeb

HMRC Tax Receipts Hit Record High – RSM UK’s George Bull considers HMRC’s tax collection data.

NRCGT Return Penalties and Discovery Assessments: HMRC Loses Again – Peter Vaines considers two areas where the tribunals are continually telling HMRC it is wrong: Penalties for Non-Resident Capital Gains Tax returns, and HMRC’s powers to decide it has discovered an underpayment of tax.

The NHS Pension Scheme and the Law of Unintended Consequences – RSM UK’s Jackie Hall explains why some doctors are refusing to take on more work because of the effect on their NHS pensions.

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