As of 30 September, there is a corporate offence of failure to prevent the criminal facilitation of tax evasion. This brings a risk of criminal liability to solicitors’ firms for not only their employees’ actions, but also the actions of others with whom they are associated. Stuart Adams explains.
The annual tax on enveloped dwellings applies to UK residential properties held in corporate envelopes and carries yearly reporting obligations. Simon Leney identifies the tax’s traps.
Drafting errors which affect the inheritance tax position can be costly for both solicitor and client. However, there are opportunities to correct things, explains Sarah Harrison
Simon Leney and Jane Hodge look at final lifetime income and capital gains tax returns and estate returns
Lesley King provides an update on recent developments in private client law
Delegates at the conference could choose between five workshops, run twice over the course of the day. Jo Summers rounds up her workshop
At the Private Client Section annual conference, Chris Whitehouse gave an update on capital tax planning after the 2017 budget, focusing in particular on the complexities of the new residence nil-rate band
A new corporate criminal offence of failing to prevent the facilitation of tax evasion comes into force on 30 September - yet many still seem not to know about it. In advance of a longer article in the November edition of PS, Stuart Adams explains why private client practitioners must sit up and pay attention.