When a person is appointed executor of an estate, they are given a reasonable period to progress the estate administration but cannot procrastinate without adverse consequences being likely. Continue reading →
Judges interpret tax statutes in the real world and are experienced at looking beyond the detailed provisions of intricate transactions to discern their actual purpose. In a case in point, the Court of Appeal found that Capital Gains Tax (CGT) was payable on the sale of shares in a listed company for £14.3 million. Continue reading →
A woman who reluctantly assisted her gravely ill husband in travelling to Switzerland where his life was ended by Dignitas will nevertheless inherit his estate, after a judge ruled that many people would have done the same for a loved one. Continue reading →
National boundaries pose little or no obstacle to tax evasion. The Court of Appeal made that point in an important ruling which has greatly boosted the ability of HM Revenue and Customs (HMRC) to pursue inquiries beyond the borders of the UK. Continue reading →
More than 550,000 people die annually in the UK and half of those deaths require the completion of Inheritance Tax (IHT) forms, which are not straightforward and can be a daunting burden at a difficult time for families. Continue reading →
When an 18-year-old woman bought a derelict end terrace property in London in 2006 and sold it to developers the following year, she made no entry on her tax return, believing that principal private residence relief applied. Continue reading →
On Wednesday 26 April 2017, Healys’ Private Wealth team presented an update on all the changes that have been implemented or planned for 2017 that affect the protection of wealth to a private audience consisting of a number of professionals.