ADVISERS WANT to raise a £30,000 fighting fund to take a tax battle to the Court of Appeal.
Francis Clark has set up the fund to continue a tax dispute between its clients Lockyer and Robertson (as the personal representatives of N Pawson, deceased) against HM Revenue & Customs.
The Pawson case concerns a deceased taxpayer – Nicolette Pawson – and family, who owned a bungalow near Alderburgh. The bungalow was used primarily for holiday lettings.
HMRC interprets that furnished property lets must offer services to qualify as a business, or else the property would be subject to inheritance tax.
Pawson’s estate argued that by offering a cleaner, caretaker and gardener, they provided ‘services’ to holidaymakers.
Pawson’s estate won the case in the First Tier Tribunal, but lost in the Upper Tier.
The family has one month to lodge an appeal.
Email Pawsonfightingfund@francisclark.co.uk for more information about the fund.
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs