November - Private Client Briefing from Tax Journal
Andrew Goldstone & Natalie Quail
Tax Journal
28 November 2017

November - Private Client Briefing from Tax Journal

The Court of Appeal in the Dreelan case considers a taxpayer’s appeal in relation to the ten-year charge applicable to trusts. The FTT decides there was no obligation to file a NRCGT return when a loss is made. The Routier case before the Court of Appeal (in a second hearing) rules that the restriction of the charitable exemption from IHT to legacies to UK charities does not violate the EU law principle of freedom of movement of capital. The FTT upholds HMRC’s decision to refuse to authorise a company to issue SEIS compliance certificates when the company had mistakenly submitted an EIS rather than an SEIS compliance statement.

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