Home > Legal Articles > Declaration of Trust for jointly owned rental properties

Topic: HMRC


  • Kate Godber - Wills, Probate, LPA, Tax and Trusts
    Declaration of Trust for jointly owned rental properties
    by

    Did you know?   If you own a rental property with your spouse or civil partner but you don’t split the income equally between you both, there is a dedicated tax form to let HMRC know.   Usually, the shares of a property between two or more people are written in a “Declaration of Trust”:… Learn more

  • EHL Wills Team
    Retaining Probate Papers
    by

    In the case of married couples or civil partners the executors of the second death can be subject to meeting certain criteria applying to HMRC, to utilise any unused nil rate band of the first to die in order to reduce any tax liability. In many cases the first to die may have left their… Learn more

  • Leanne Hathaway - Tax and Trusts
    Personal Injury Trusts: Preserving entitlement to benefits
    by

    Personal Injury Trusts are legally binding financial agreements whereby a bank or building society account is opened solely for the purpose of enabling a nominated person (the Trustee) to manage a compensation award. It is a financial arrangement which is recognised by HMRC and the Department for Work and Pensions. When the compensation (or interim… Learn more

  • Leanne Hathaway - Tax and Trusts
    GAAR: General Anti-Abuse Rule (Tax) – 17 July 2013
    by

    The general anti-abuse rule, or GAAR, came into force on 17 July 2013 as the Finance Act 2013 received Royal Assent. The GAAR applies to abusive tax arrangements that do not pass what has become known as ‘the double reasonableness test’ having regard to all the circumstances, including the principles on which the legislation was… Learn more

  • Paul Stubbs - Litigation
    Is Google’s Tax Criticism Misplaced?
    by

    The Public Accounts Committee (PAC) is calling upon HMRC to ‘fully investigate’ Google over the payments it makes to the UK state as corporation tax.  The call arises out of criticism that after generating £11.5bn in revenue between 2006 and 2011 Google paid only £10m in UK corporation tax for the same period. Put simply… Learn more

  • Faye Williamson - Family Law
    Martin of Market Harborough: Blogging from the basin
    by

    Forgive my lack of originality fellow citizens but Phew, what a scorcher!  The wharf has been glorious again 10,000 tons of sand and a Beach Boys CD and its Florida out there. The umbrellas and sun worshippers are out at The Waterfront. The basin is only half full (always the optimist, you notice) of boats… Learn more

  • Leanne Hathaway - Tax and Trusts
    The basic principles of agreeing a settlement of tax enquiries
    by

    In 2007, HMRC published the litigation and settlement strategy (LSS), which was revised in July 2011 following some key cases. The LSS sets out the principles and standards which HMRC should apply when settling disputes with taxpayers. The general principles include: Each dispute should be settled on its own merit. There should be no trade-off… Learn more

  • Leanne Hathaway - Tax and Trusts
    HMRC Enquiry Settlements: some flexibility is allowed after all
    by

    The High Court held that HMRC’s decision to reach a settlement with Goldman Sachs in relation to outstanding national insurance contributions (NICs) and interest thereon was not unlawful, as had been challenged through Judicial Review. This is a welcome decision as, if the decision had been different, it would have set a precedent that could… Learn more

  • Andrew Robinson - Employment Law
    Should you get minimum wage on an internship?
    by

    Most workers in England and Wales of school leaver’s age and above are entitled to receive the National Minimum Wage currently £3.68 for those under 18.  However a number of companies offer ‘unpaid internships’ which provide experience to interns without remuneration. Several of these companies are currently being investigated to see if they are breaching… Learn more

  • Leanne Hathaway - Tax and Trusts
    How will the GAAR tax rule affect taxpayers?
    by

    Tax: The General Anti Abuse Rule (GAAR) HMRC published its official guidance on 15 April 2013.  The GAAR will be effective from later in the year, when Finance Bill 2013 receives Royal Assent. The GAAR rejects the previously adopted approach that taxpayers are free to use their ingenuity to reduce their tax bills by any… Learn more

Page 1 of 212

Map and pin icon
Sign up to our newsletter