ALL THAT GLITTERS IS NOT GOLD

ALL THAT GLITTERS IS NOT GOLD

The General Anti-Avoidance Rule (GAAR) has been used for the first time to target a scheme under which salaries were being paid in gold. The GAAR, which was introduced in 2013, aims to tackle the use of tax loopholes.

Read more

ACCESS ALL AREAS

ACCESS ALL AREAS

The Court of Appeals has ordered a firm of solicitors to comply with a personal data disclosure request submitted by beneficiaries in accordance with the UK Data Protection Act.

Read more

CALL OF DUTY

CALL OF DUTY

A recent High Court case has highlighted the importance of a retainer when considering the duty of care owed by financial advisers about historic events.

Read more

OUT WITH THE OLD

OUT WITH THE OLD

The FCA has issued new proposals on pension transfers which focus on changing the way advice is given to consumers and replacing the current transfer value analysis system. 

Read more

LATE ARRIVAL

LATE ARRIVAL

The online Trusts Registration Service has been launched, allowing HMRC to store trust information centrally in line with requirements set out by the EU’s Fourth Money Laundering Directive (4MLD). 

Read more

RISKY BUSINESS

RISKY BUSINESS

The High Court has upheld a decision by the Financial Ombudsman Service (FOS) about unsuitable investment advice. This follows the Ombudsman’s decision in favour of an investor who complained about the service she received from Full Circle Asset Management Ltd.

Read more

TRUST ISSUES

TRUST ISSUES

Two beneficiaries of a will trust recently took legal action against professional trustees on the grounds that they allegedly made poor investment decisions, which led to losses within the trust.

Read more

FINANCIAL MATTERS - MARCH

FINANCIAL MATTERS - MARCH

This month’s Technical Bulletin explores the case of two trust beneficiaries who took legal action against professional trustees on the grounds that their allegedly poor investment decisions resulted in losses.

Download PDF

BEWARE THE 14-YEAR RULE

BEWARE THE 14-YEAR RULE

The seven-year rule is a well-known part of inheritance tax (IHT) planning. If you make a gift and survive the following seven years, the gift will become free of your estate for IHT purposes.

Read more

DEATH IN THE DIGITAL AGE

DEATH IN THE DIGITAL AGE

A leading Sunday newspaper recently published an article alerting readers about their online accounts and the need to inform those closest to them of their passwords in the event of a serious illness or death.

Read more

RELEASE LOCKED-IN CAPITAL

RELEASE LOCKED-IN CAPITAL

Equity release has become an increasingly popular financial planning tool over the past few years following significant increases in UK house prices, and a much wider range of lenders offering competitive interest rates.

Read more