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Tax Free Savings

There is no one answer to the amount of savings income and, for 2017/18, the answer can range from £0 to £18,650, depending on personal circumstance. When looking at tax free savings, there are a number of elements to take into account: the personal allowance; the marriage allowance; the savings allowance; and the starting rate for savings. […]

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Gift Holdover Relief Claim

Summary : Gift holdover relief (under TCGA 1992, s 165) was precluded (under s 167(2)) on an individual’s gift of goodwill to a UK company, as control of the company was attributed to the transferor’s wife (among others) who were not resident or ordinarily resident in the UK. Background : The appellant, a US citizen who was […]