Family Limited Partnerships
What is a Family Limited Partnership (“FLP”)? An FLP is a legal entity created by a family to manage assets and minimise tax liabilities. FLPs… Read More »Family Limited Partnerships
Capital Gains Tax
CGT losses for Forfeited Deposits: Drake v HMRC
Is it possible to claim losses for capital gains tax (CGT) purposes on forfeited deposits? The FTT has considered this question once again in Drake… Read More »CGT losses for Forfeited Deposits: Drake v HMRC
Andrew Davies and Others v HMRC [2020] UKUT 0067
In Andrew Davies and Others v HMRC [2020] UKUT 0067, the Upper Tribunal (“UT”) dismissed the appeal of the taxpayers from the decision of the… Read More »Andrew Davies and Others v HMRC [2020] UKUT 0067
CGT Disposal: Crowe v Appleby
Whether or not there has been a disposal for capital gains tax purposes is obviously important. Where there hasn’t been a disposal (or deemed disposal)… Read More »CGT Disposal: Crowe v Appleby