Measures have already been taken in this sensitive area, but the new measures
will block schemes that avoid capital gains tax on substantial gains.
The new rules will stop someone selling shares, then ceasing to be a UK
resident to avoid CGT, only to buy identical shares within 30 days of the
original sale – a process otherwise known as bed and breakfasting.
The new rules are effective from today.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed