Tax Planning

The Treasury has delayed reform to the statutory residence test while it assesses the wide variety of views it has received from the industry.

The Treasury is expected to close a loophole that allows wealthy individuals to avoid paying stamp duty on expensive property transactions in draft legislation for the Finance Bill today.

An oft-cited reason for selecting a distributor influenced fund (DIF) over an independent vehicle - that it can mitigate clients' capital gains tax (CGT) liabilities - is not a strong enough standalone reason for recommending it, the FSA has said.

As the government considers a catch-all rule for tax abuse, the experts give us the lowdown...

The government will freeze the annual exempt amount for capital gains tax (CGT), but will offer other routes for people cut tax liabilities.

The 50p tax rate is ineffective in raising revenue and encourages young wealth creators to hide their money abroad, a think tank has said.

The coalition should slash corporation tax to 15% and abandon the 50p top rate of income tax, the Institute of Directors (IoD) director general will say tonight at the organisation's annual dinner.

HM Revenue and Customs (HMRC) has defended its hiring policy after it emerged graduates were working on open tax inspection cases within six months of joining the service.

The government has moved a step closer to implementing a general anti-avoidance rule (GAAR) to the tax system after a report recommended the move today.

The Gaines-Cooper case has been a catalyst for a much needed statutory residence test to bring clarity and certainty to an area governed largely by case law and HMRC guidance, says Stuart Long, head of tax at law firm Howard Kennedy.