“Expenses incurred by trustees of a discretionary trust for the benefit of both capital and income beneficiaries were properly chargeable to capital.”
WLR Daily, 16th November 2007
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“A forthcoming constitutional reform bill could include measures to stop tax exiles from sitting in the House of Lords, the cabinet secretary said yesterday amid further questions about the tax status of the millionaire Tory donor Lord Ashcroft.”
The Guardian, 16th November 2007
Source: www.guardian.co.uk
“Businesses or individuals who have lost out because of serious errors at Revenue and Customs will be able to sue for damages following a landmark legal victory yesterday.”
The Times, 25th October 2007
Source: www.timesonline.co.uk
“An authoritative guide to UK tax law has been published in smaller print to try to keep its growth under control.”
BBC News, 6th September 2007
Source: www.bbc.co.uk
“Celebrity booze culture came under fire from the Government yesterday as a Home Office minister gave the clearest signal yet that tax on alcohol will be raised to curb drinking problems among young people.”
The Independent, 16th August 2007
Source: www.independent.co.uk
“Hundreds of thousands of small businesses and family partnerships will be forced to pay more tax under reforms proposed by the Government today.”
The Times, 26th July 2007
Source: www.timesonline.co.uk
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