Technical News

 


A technical paper prepared for members by the CIOT

We have provided the draft Finance Bill 2015 clauses along with related documents below in Adobe (PDF) format.

Following a meeting of the HMRC CGT Liaison Group meeting in November 2013 at which representative bodies requested an update of the status of Mansworth v Jelley cases under enquiry, HMRC agreed to the issue of a summary of the decision of the Personal Tax Contentious Issues Panel. 

The CIOT comments, sent to HMRC regarding mixed partnerships and incorporation relief (TCGA 1992 section 162).

Following recent press reports that CGT reinvestment relief for a qualifying SEIS investment is to be extended for another tax year to 2013/14, we have sought clarification from HMRC. HMRC have confirmed that there has been no recent change in Government policy or legislation.

Following recent press reports that CGT reinvestment relief for a qualifying SEIS investment is to be extended for another tax year to 2013/14, we have sought clarification from HMRC. HMRC have confirmed that there has been no recent change in Government policy or legislation.

Over the last two years, the CIOT (with input from the ICAEW, the Stamp Taxes Practitioners’ Group and the RICS) has been discussing the tax and valuation issues surrounding the treatment of goodwill in trade related properties (pubs, restaurants, hotels, care homes being common examples) through meetings and correspondence. 

Please find below in PDF format, correspondence with HMRC on Availability of IHT business property relief for group structures.

Technical Team