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
Stamp Duty and Chargeable Consideration – A ‘nice’ technical point on mortgage as consideration for SDLT purposes but most of all, an update on an outstanding result for a taxpayer thanks to an SDLT Geek and another Thoroughly Decent Chap
Funds Put in Parents’ Names – Is it a gift, an amount held on trust, or a loan?
Which is the Main Residence? – Some good points raised about the practical difficulties in determining which is a married couple’s main residence – and usefully highlighting that the rules for CGT do not always work the same as way for SDLT
Children’s University Fees and IHT: Maintenance and Education – Yet another reason why the £3,000 annual allowance is an utterly meaningless anachronism, whose sole purpose in life is to gain half a mark on a tax exam question – maybe a full mark if you remember to accumulate over two years…
Marriage Allowance: Robbing Peter to Pay Pauline a Little Bit More? – The fundamental issue is sound: a claim to transfer can be made even if a tax liability (or increased liability) results; worthwhile so long as the beneficiary can secure a larger tax reduction
Downsizing, Property Valuation and Residence Nil Rate Band – Unusually for IHT generally, the value of a former residence is not relevant at the date of death, so much as the proceeds on or after 8 July 2015
A selection of news and longer items published on TaxationWeb
VAT Reverse Charge Charges to Hit Construction Industry – RSM UK’s Karen Gibbons and Ian Carpenter warn of sweeping changes to how VAT will work through the construction supply chain, with potentially serious cashflow implications for many small businesses in the construction industry.
Profit, Gains or Income? Which is Which and Why it Matters – BKL’s David Whiscombe revisits a question as old as Income Tax itself, using a quote that is considerably older than either of us, but still stands up rather well.
Corporate Residence, Out-of-Date Manuals and HMRC Pushing the Boundaries – Again! – Peter Vaines reviews a number of tax developments over the last few weeks.
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