UK Tax Bulletin

    January 2013

    This issue includes details on:

    • Current Rates: Latest rates of inflation and interest
    • High Value UK Properties: The CGT rules are published
    • Inheritance Tax : Specialty Debts:  HMRC revise their views on situs
    • Legal Professional Privilege: The accountants lose their claim to privilege
    • Statutory Residence Test: Some unexpected consequences
    • Main Residence Relief: The making of an election
    • Delivery By Post: More on reasonable excuse
    • Clawback and Negative Earnings: Relief for a clawback is allowed
    • Reasonable Excuse: Insufficiency of funds can be a defence