Blog
Companies House security issue: What your business should do now
Bethany Hall
13 May 2016
Foreign companies to be required to declare their owners when buying property in the UK
Press reports of this week’s Anti-Corruption Summit, hosted by David Cameron, coincided with the story of actress Emma Watson allegedly buying a UK property through a BVI company. While investment in UK property through offshore companies is perceived as a principal means by which corrupt individuals seek to launder dirty money, Mr Cameron accepts that there are many legitimate reasons for corporate property investment.
17 March 2016
Budget 2016 at a glance
George Osborne delivered his eighth Budget as Chancellor yesterday.
Below are some of the key announcements affecting individuals.
14 January 2016
Protecting a same-sex survivor’s right to pension funds
Over the past decade, the UK government has legalised same-sex civil partnerships and most recently same-sex marriages. Legislation provides that same-sex couples who are married or in civil partnerships shall be treated the same as married heterosexual couples. For example, they are entitled to receive the same inheritance tax benefits, such as the spousal exemption, which exists between a married heterosexual couple.
7 January 2016
£1m Nil Rate Band – fact or fiction?
In 2007, the Conservative Party made much of a party pledge in its manifesto to increase the Nil Rate Band for inheritance tax to £1m. In July 2015, having been elected to form a majority government they announced the introduction of a Residence Nil Rate Band (RNRB). Now that more of the detail has emerged in relation to this policy announcement, the reality does not match the expectations of many and some of the details are still unclear.
2 October 2015
Legal update: HMRC’s response to the UK tax treatment of US LLCs after the Supreme Court decision in Anson
In July 2015, the U.K. Supreme Court in Anson v Commissioners for HM Revenue & Customs [2015] UKSC 44 held that a UK resident’s share of the profits in a Delaware limited liability company (“LLC”) qualifies for a UK tax credit under the 2001 Income and Capital Gains Tax Convention between the UK and US (“the Convention”) because the profits that were to be taxed in the UK were the same as those taxed in the US.