Schmidt Tax Report

Search our Back Issues

In this month's issue (June 2009)

We sincerely hope that you find Schmidt Tax Report both informative and useful. If there any any issues that you feel that we should cover, or that we haven't covered in a long time, please feel free to contact us.

Contents:

Editorial - Say ‘no’ to HMRC - A reminder that if you are selected for a visit by HM Revenue & Customs (HMRC) – announced or unannounced – you have considerable rights in the matter and in most cases should be able resist. More

News - An end to furnished holiday letting rules - If you own property and let it out on short lets to people taking holidays, are you carrying on a trade or investing in property? More

Investment Taxation - More sneaky planning using offshore bonds - We’ve previously explained ways to minimise or avoid tax on gains arising within offshore bonds, but we’ve come up with another idea to boost your spirits. More

Back to Basics - Husband and wife - For all tax purposes, now, we think, you could equally read ‘civil partners’ for ‘husband and wife’ in what follows.More

The Offshore Column - Changing your domicile - Domicile has got to be just about the strangest legal concept that any system has, which is crucial for deciding tax liabilities, but somehow the system works.More

Tax Tip of the Month - A year abroad for your financial health - One tax-saving strategy that is definitely still about, despite some rumours we have heard to the contrary, is that of taking a year’s non-UK residence and ‘emptying’ the reserves of your company during that year of non-residence. More

The Things They Say - “Great is truth, and it prevails” - Hard though it is, sometimes, to find any evidence to substantiate this saying, it does look as though the truth is turning out to be a powerful avenging force as far as our political masters are concerned, at present.More

The Property Column - Property-investment LLPs - Whether or not there are actually green shoots out there in the property market at the moment, a lot of people we are talking to are acting as if there were, and in a way that’s likely to be a self-fulfilling prophecy. More

Tax Planning for PAYE Employees - Employer pension contributions - There seem to us to be two reasons why you would want your employer to make your pension contributions for you rather than paying you salary, out of which you make your own contributions.More

The Business Column - International businesses: your guide to saving tax - We’re all becoming much more internationally mobile these days, and so are the businesses we run. More

Ask the Experts - This month selection...More

Search our back issues

(Single word search; if typing a phrase e.g. "capital gains tax" please use inverted commas)