04/21/2023
The legislation to implement the Scheme, the Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Bill 2022 (the “Bill”) was gazetted on 9 December 2022.
04/19/2023
This chapter first appeared in the fifth edition of The Corporate Tax Planning Law Review published by Law Business Research.
04/18/2023
As it relates to claims made under Rule 2, the recent amendments to the BVI Guidance Notes provide that where an entity's tax residency is Jersey, Guernsey or the Isle of Man, to claim tax residency there under Rule 2
04/18/2023
The judgment is a welcome and long-awaited confirmation of the scope of the lucrative interest tax regime and relevant for all kinds of leveraged investments, such as carried interest, sweet equity and similar regimes.
04/11/2023
Making the wrong move can have significant consequences, and in the UK, HMRC has demonstrated in recent years that no one is beyond reach.
04/06/2023
In a previous briefing note, we discussed the licensing requirements for family offices under the Securities and Futures Ordinance in Hong Kong.
03/31/2023
A permanent extension of the £1 million annual investment allowance (AIA) was also announced by the chancellor at the Spring Budget.
03/27/2023
With most legislatures in session, Scarborough and Dobay have a lively conversation, touching on the key state and local tax legislative items state policy makers are currently considering as well as a few they are not.
03/27/2023
The question before the Court of Appeal arose from an application from HMRC to the First-tier Tax Tribunal (FTT) for a direction permitting them to disclose to Bell information and documents.
03/24/2023
The Bill is still under review by the Legislative Council of Hong Kong and this article refers to the provisions of the Bill as gazetted.
03/23/2023
Properties that are part of hotel rental pools previously enjoyed exemption from payment of real property tax
03/23/2023
As noted in our overview of Budget measures here, there were a number of tax announcements dealing with environmental issues as the government seeks to meet its commitment to net zero.
03/22/2023
A crucial requirement for QAHC eligibility is that the company is UK tax-resident, but not that it is a UK company.
03/21/2023
The life sciences sector also did better than some might have anticipated.
03/21/2023
The generalised incidental extraction exemption, which was originally proposed by Pinsent Masons in response to a government consultation, will be welcomed by businesses in the infrastructure industry.
03/17/2023
Once over the lifetime allowance, the excess is subject to a tax charge at 55 per cent on receipt of a lump sum and 25 per cent otherwise.
03/06/2023
All parties were agreed that the UK group transfer rules – within the intangible fixed assets regime and capital gains regime respectively
02/28/2023
NewsCorp argued that the underlying purpose behind the VAT zero-rating of physical newspapers carries through to digital versions of publications such as The Times and The Sun, for e-readers, tablets, phones and websites.
02/21/2023
BEPS refers to tax planning strategies that take advantage of tax loopholes and mismatches to shift profits indirectly to low-tax areas where there is little or no economic activity, or to erode the tax base via allowable deductions such as interest or ro
02/16/2023
The decision rests with the mediator, so any taxpayer who specifically wishes to conduct an ADR meeting in person will need to make representations to the mediator early in the process.