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The acquisition of an asset and its subsequent lease back to the vendor is known as a sale and leaseback (S&L) transaction.

We are gradually starting to understand the statutory residence test (SRT) but, although some of the habitual areas of uncertainty have been clarified, new ones pop up all the time.

Collective investment schemes have operated in the UK since the early 1900s.

Readers will recall that the Office of Tax Simplification (OTS) was set up by the coalition government.

Historically, mere mention of pensions left the listener glazed over, searching for anything else to talk about.

The financial crisis which exploded in 2008 and the subsequent impact on the global economy, particularly the cost of bailing out the major banks, left most governments with a serious imbalance bet

Trade is defined by ICTA 1988 s 832 in broad and circular terms as including ‘every trade, manufacture, adventure or concern in the nature of trade’.

In ‘A move in the right direction?’ from February’s Tax Adviser, we discussed some of the changes to the income tax and national insurance (NIC) treatment of share gains for internationally mobile

In recent years we have begun to see the rise of alternatives to trusts in estate planning.

On divorce, the assets must be divided up as the couple agree or, if no agreement is reached, as the Family Court ultimately determines.