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Tax Planning: 2021/22

Mark McLaughlin

Edition: 2021/22

Publication Date: September 2021

Publisher: Bloomsbury Professional

Law As Stated At: July 2021

Tax Planning: 2021/22

Tax Planning: 2021/22

The government and HMRC continue to clamp down on what they regard as tax avoidance and unacceptable tax planning. This can have unfortunate and unexpected consequences for taxpayers, and is soon likely to have unpleasant implications for 'enablers' of defeated tax avoidance.

There is still much that can legitimately be done to save or reduce tax. Bloomsbury'sTax Planning annual aims to point out some of the areas where such planning opportunities still exist. Indeed, many clients of professional firms expect prompt, appropriate and up-to-date advice from their advisers on minimising tax liabilities.

This updated content includes

  • Company purchase of own shares – commentary on clearing applications updated to reflect the case decision in Boulting & Anor, R (On the Application Of) v Revenue and Customs[2020] EWHC 2207 (Admin) (6.60).
  • Mixed partnership rules – new commentary added to reflect Walewski v HMRC[2021] UKUT 0133 (TCC) (2.70).
  • Trusts – commentary added on excluded property trusts (19.88).
  • Separation and divorce – commentary added on the high income child benefit charge to reflect Lau v HMRC [2018] UKFTT 230 (TC) and Nonyane v HMRC [2017] UK FTT11 (TC) (17.16).
  • Private residence relief – commentary on the quality of occupation updated to reflect Aqeela Hashmi v HMRC[2020] UKFTT 229 and Core v HMRC[2020] UKFTT 440 (15.8).