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August - Private Client Briefing from Tax Journal
 Article 
Author
Andrew Goldstone, Katie Doyle
Source
Tax Journal
Date
02 September 2016

August - Private Client Briefing from Tax Journal

Donaldson and Doherty confirm the wide extent of HMRC's jurisdiction to impose daily penalties for late filing and penalties for omissions even where a professional advisor is instructed. The decision in DLIP Amin draws a distinction between the sale of an asset of the business and the sale of a part of the business itself in the context of Entrepreneur's Relief. Finally, Anthony Hardy confirms that a forfeited deposit on an aborted property purchase will not be a deductible capital loss.

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