Transfer of assets abroad: mind your motives
The transfer of assets abroad (ToAA) code is a cornerstone of the UK’s anti-avoidance regime, designed to prevent individuals from avoiding UK income tax by transferring assets to persons abroa
The transfer of assets abroad (ToAA) code is a cornerstone of the UK’s anti-avoidance regime, designed to prevent individuals from avoiding UK income tax by transferring assets to persons abroa
The 2024 Budget announced several major changes for inheritance tax, marking a radical reform of this tax akin to the 2006 changes for trusts.
At our AGM in July, I was honoured to take on the role of Deputy President, succeeding Graham Batty, who now steps into the role of President.
It’s often said that the tax tail should not wag the business dog but given that tax has significant economic impacts I always think that it depends on the proportion of the dog!
Our teams have been hard at work analysing the proposals, assessing the implications for taxpayers, our members and their clients.
I have not taken on Richard’s old role in full; we are recruiting a new CIOT technical team senior manager, and I will focus on the strategic parts of the Head of Tax Technical role,
My first event, following the AGM, was to support our joint Tax Technology Conference in Birmingham. The conference, ‘Tax Tech 2025’ was extremely well received.
It has been nothing short of an honour to work for the CIOT for the last nine and a half years (over ten if I include the period I was an Indirect Taxes Technical Off
Many of you may recall that I began, back in July 2024, by sharing a little about my history in tax.
On 26 June, we welcomed new members of the ATT, prize winners and their guests to our latest admissions ceremony, held at the elegant 113 Chancery Lane in London.