The Skinner family has won its appeal against an Upper Tax Tribunal ruling that denied them entrepreneurs' relief from capital gains tax (CGT) on the disposal of business assets held by a trust.
Section
Published date
22/09/2022
Spain's Andalucía province has announced the immediate abolition of its wealth tax for residents and second homeowners in the region.
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Published date
22/09/2022
The Supreme Court of British Columbia has refused a request from a mother to remove trustees of a discretionary trust after they rejected her requests for funds for her son, the beneficiary of the trust.
Section
Published date
19/09/2022
The Jersey Financial Services Commission (JFSC) has published draft legislation that will significantly increase the number of financial services businesses falling into the scope of its anti-money laundering (AML) regime.
Section
Published date
15/09/2022
Two statutory instruments (SIs) came into force at the start of September 2022, extending reporting obligations under the UK's sanctions regime to crypto-asset exchange and custodian wallet providers.
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Published date
15/09/2022
The Costa Rican tax authority has amended the due-diligence and reporting requirements for financial institutions (FIs) in the country under the Common Reporting Standard (CRS).
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Published date
14/09/2022
The US Internal Revenue Service (IRS) has set up a new Joint Strategic Emerging Issues Team (JSEIT) to advise taxpayers about whether certain transactions work from a compliance perspective.
Section
Published date
12/09/2022
The England and Wales High Court (EWHC) has dismissed a widow's challenge to her husband's will made on the grounds that it left her only a life interest that could be terminated at any time at the discretion of the trustees.
Section
Published date
12/09/2022
HMRC is writing to 600 former customers of Euro Pacific Bank asking them to make any necessary corrections to their tax affairs, following the Puerto Rican authorities' suspension of the bank's licence for breaching its capital requirements.
Section
Published date
08/09/2022
The New Zealand government has scrapped a proposed 15 per cent tax on investment management services supplied to managed funds, days after introducing the legislation to parliament.
Section
Published date
08/09/2022