Mark McLaughlin points out that staying single could save Inheritance Tax in certain circumstances. Introduction The UK’s tax system features various reliefs, ... Continue Reading
Coronavirus Job Retention Scheme (CJRS) to be Kept Until March 2021 (UK-Wide) This is a UK-wide measure, albeit prompted by developments in England. The Coronavirus ... Continue Reading
Mark McLaughlin, co-author of ‘Ray & McLaughlin’s Practical IHT Planning’ (Bloomsbury Professional) highlights some key considerations when ... Continue Reading
Mark McLaughlin warns that appeals against some penalties from HMRC could have unexpected and unwelcome outcomes. Introduction Penalties can be imposed by HM Revenue ... Continue Reading
Mark McLaughlin highlights an inheritance tax exemption for gifts, which may be useful to individuals wishing to make gifts without waiting for the normal seven-year ... Continue Reading
Mark McLaughlin highlights a case in which HM Revenue and Customs was not given its own way when requesting information to check a taxpayer’s tax position. Introduction Taxpayers, ... Continue Reading
Mark McLaughlin highlights a case which underlines the importance of forward planning for tax purposes and ensuring that decisions are properly documented. Introduction A ... Continue Reading
HMRC says doctors, nurses and carers having to buy their own PPE CANNOT claim tax relief. Lee Sharpe of TaxationWeb says claiming job-related expenses is like threading ... Continue Reading
Mark McLaughlin warns that transactions should be structured correctly to avoid the risk of adverse tax consequences. Introduction Capital gains tax (CGT) relief ... Continue Reading
Mark McLaughlin looks at tax relief claims for taxpayer loans to businesses which are later written off as irrecoverable. Introduction It is fairly common for ... Continue Reading
