UK Tax Bulletin

    March 2013

    This months issue of the UK Tax Bulletin includes details on:

    • Current Rates: Latest rates of inflation and interest
    • Statutory Residence Test: They are still tinkering
    • Annual Residential Property Tax: Some final amendments
    • IHT : Liabilities: New restrictions on the deduction for debts
    • Principal Private Residence: The meaning of "a residence"
    • Wasting Assets: A Reynolds painting is a wasting asset
    • Upper Tribunal Appeals: The FTT get everything wrong