The Finance (No 2) Bill 2017 is currently passing through Parliament and is expected to receive Royal Assent in December with application from 6th April 2017. That is not, for once, a typo; HMRC have discovered time travel. These provisions were first published in December 2016 with the expectation that they would become law with

Ensuring a business is able to continue as smoothly as possible following the death of a shareholder or partner requires careful thought. In many cases, the deceased’s family will have no interest in becoming involved in the business and the natural successors are fellow shareholders or partners. Further, the Partnership Act 1890 s 33(1) provides

Avoidance, like beauty, is in the eye of the beholder. In 1988, government ministers said that they will mitigate the effects of the decision of EC v UK of 1988, by introducing the option to tax for commercial property. Bizarrely, by 1997 this retrospectively became “mitigate but only for taxable businesses”. Bizarre but true, but