UK Tax Bulletin

    May 2014

    Welcome to this month's UK Tax Bulletin. This issue includes destails on:

    • Current Rates: Latest rates of inflation and interest
    • IHT: Deduction of Liabilities: The new rules on deduction of liabilities
    • Penalties: HMRC might have a new approach
    • Reasonable Excuse: More on "insufficiency of funds"
    • CGT: Private Residence Relief: Is the property a "residence"
    • IHT: Omission to take Pension Benefits: More judicial guidance