| 1 | Capital gains tax: principal private residence relief: overview This practice note provides an overview of principal private residence relief (PPR) from capital gains tax. | Practice note: overview | Maintained |
| 2 | Care costs: overview This is an overview of the types of care available for those unable to meet their own needs and the funding available for that care. | Practice note: overview | 25-Jan-2012 |
| 3 | Doorstep selling: overview An overview of the law on doorstep selling in the UK contained in the Cancellation of Contracts made in a Consumer's Home or Place of Work etc Regulations 2008 (SI 2008/1816). | Practice note: overview | Maintained |
| 4 | Gift Aid for individuals, sole traders and partnerships: overview A practice note outlining the Gift Aid scheme for donations to charity by individuals, sole traders and partnerships. It discusses advantages for charities and donors, conditions for Gift Aid to apply, record keeping and reclaiming tax under the scheme. | Practice note: overview | Maintained |
| 5 | Guarantees and indemnities This practice note examines legal and drafting issues relating to guarantees and indemnities where the obligations of a third party are guaranteed and/or indemnified. This practice note considers the legal distinctions between primary obligations (indemnities, performance guarantees, performance bonds) and secondary obligations (guarantees). It provides an overview of relevant contractual issues relating to guarantees and indemnities (the statute of frauds, capacity) as well as legal issues (undue influence, duress, role of directors). It also provides links to our more detailed content on performance bonds, payment guarantees, comfort letters and our standard form guarantees and indemnities. | Practice note: overview | Maintained |
| 6 | Money laundering toolkit All businesses in the regulated sector, including lawyers, accountants and financial institutions, need to be aware of their obligations under the anti-money laundering (AML) regime. Failure to comply with the AML regime could, in the worst case, lead to personal criminal liability. This toolkit guides users through PLC's UK, EU, US and international resources on AML. | Practice note: overview | Maintained |
| 7 | Pensions in the UK: overview An overview of the pensions system in the United Kingdom. The note summarises the different types of pension arrangements available in the UK and looks at the legal and regulatory framework, as well as the tax rules applying and the regime for contracting-out of the state second pension. Typical provisions seen in a pension scheme's governing deed are discussed, along with brief details of the pensions aspects of corporate transactions. Finally, the note comments on key legislative materials and reforms in the pipeline. | Practice note: overview | Maintained |
| 8 | Pensions tax: overview This practice note gives an overview of the current tax regime for occupational and personal pension schemes, reflecting the simplification measures that were introduced on 6 April 2006. The note summarises the main rules applying to registered pension schemes, including the annual allowance, the lifetime allowance, the availability of tax relief on contributions or accruals and HMRC's requirements for authorised pensions and lump sums. Details are also given of charges levied by HMRC on unauthorised payments. | Practice note: overview | Maintained |
| 9 | Tax appeals: overview of tribunal system This note is an overview of the new tax tribunal system which came into effect on 1 April 2009, replacing the VAT and Duties Tribunal, the Special Commissioners and the General Commissioners. | Practice note: overview | Maintained |
| 10 | Tax clearances: general This note discusses the current UK rulings system and practical issues relating to clearances. It also links to several other practice notes that provide guidance on clearances in specific situations. | Practice note: overview | Maintained |
| 11 | Tax penalties: overview This overview is one of a series of notes on tax penalties. It provides an introduction to the main penalties that can be imposed and the new consolidated regime for culpable penalties. | Practice note: overview | Maintained |
| 12 | Anti-avoidance case law and tax: Direct taxes and stamp ... This practice note summarises the development of anti-avoidance case law from WT Ramsay v Inland Revenue Commissioners (1982) 54 TC 101 to date. It also includes some practical tips for structuring transactions to reduce the risk of attack by HMRC based on anti-avoidance case law. | Practice notes | Maintained |
| 13 | Bankruptcy and family law proceedings This note addresses the conflicts of interest that may arise between the trustee in bankruptcy and the rights of the bankrupt's family that arise under the Matrimonial Causes Act 1973, the Family Law Act 1996 and the European Convention on Human Rights. | Practice notes | Maintained |
| 14 | Co-ownership and severing a joint tenancy A Practice note explaining the principles of co-ownership and how severance can be effected to convert a joint tenancy into a tenancy in common. | Practice notes | Maintained |
| 15 | Criminal prosecutions for tax fraud A practice note about tax evasion offences, HMRC criminal investigation powers, HMRC raids, arrest, bail, restraint proceedings, trial and confiscation orders. | Practice notes | Maintained |
| 16 | Direct taxes This practice note gives an overview of direct taxes in the UK tax regime. It covers income tax, corporation tax and capital gains tax. It discusses the principles of calculation, rates, payment and compliance, and reliefs (such as capital allowances and research and development (R&D) relief). | Practice notes | Maintained |
| 17 | Disclosure of tax avoidance schemes under DOTAS: direct tax A practice note about the direct tax disclosure regime which requires promoters, and in some cases, users, of certain tax planning arrangements to disclose details of the arrangements to HMRC. | Practice notes | Maintained |
| 18 | DOTAS: regime applicable before 1 August 2006 A practice note about the direct tax disclosure regime applicable before 1 August 2006. NOTE: This resource is being reviewed in light of the 2013 Budget. For more information, see Legal update, 2013 Budget: key business tax announcements. | Practice notes | Maintained |
| 19 | Finance Act 2009: pensions provisions This practice note considers the pensions-related provisions in the Finance Act 2009. The most significant measures related to the then government's plans to restrict pensions tax relief for high-income individuals. These have since been overhauled by the coalition government following the 2010 General Election. | Practice notes | Maintained |
| 20 | Gift Aid: benefits in exchange for donations A practice note explaining the limits on benefits that an individual can receive from a charity in connection with a donation under the Gift Aid rules. It covers valuing benefits, connected persons and the relevant and aggregate value tests. It also discusses the application of the Gift Aid benefit rules to specific benefits common to the charities sector. This note is supplemental to Practice note, Gift Aid for individuals, sole traders and partnerships: overview. | Practice notes | Maintained |
| 21 | Help for residential borrowers struggling with mortgage ... A practice note providing a brief overview of the schemes and guidance available to homeowners who are in arrears with their mortgage repayments and at risk of repossession. | Practice notes | Maintained |
| 22 | HMRC inheritance tax accounts: resources This practice note provides links to the most commonly-used inheritance tax (IHT) accounts, forms and guidance. | Practice notes | Maintained |
| 23 | How the Budget becomes law This note takes a look at the process through which announcements made in the UK's annual budget become law. | Practice notes | Maintained |
| 24 | Income tax: anti-avoidance and secondary liability This note is a general summary of the anti-avoidance rules applying for the purposes of UK income tax and the situations in which one person may be liable for income tax primarily chargeable to another person. It also provides links to notes describing other aspects of the UK income tax rules, such as how income is taxed and exemptions from income tax. | Practice notes | Maintained |
| 25 | Income tax: calculation of income profits This note is a general summary of the rules for calculating income for the purposes of UK income tax. It also provides links to notes describing other aspects of the UK income tax rules, such as how income is taxed and exemptions from income tax. | Practice notes | Maintained |
| 26 | Income tax: exemptions and reliefs This note is a general summary of exemptions and relief from UK income tax. It also provides links to notes describing other aspects of the UK income tax rules, such as how income is calculated for income tax purposes and how income is taxed. | Practice notes | Maintained |
| 27 | Income tax: general principles This note is a general summary of the principles underpinning UK income tax. It describes what income is and how it is taxed. It also provides links to notes describing other aspects of the UK income tax rules, such as calculation of income and exemptions from income tax. | Practice notes | Maintained |
| 28 | Income tax: use of losses This note is a general summary of how losses may be used under the UK income tax rules. It also provides links to notes describing other aspects of the UK income tax rules, such as how income is taxed and exemptions from income tax. | Practice notes | Maintained |
| 29 | Inheritance tax: leaving 10% of an estate to charity A practice note about the lower rate of inheritance tax (IHT) of 36% for testators who leave 10% of their net estates to charity (section 7 and Schedule 1A, Inheritance Tax Act 1984). It explains how the 10% test works (with examples), and discusses the implications for testators, personal representatives, trustees, beneficiaries and charities, and how to draft wills for testators who want to benefit from the lower rate. We would welcome subscriber's views on the practical consequences of this legislation, and in particular on the options for testators (see Your views). | Practice notes | Maintained |
| 30 | Inheritance tax: relevant property trusts: calculating the charge ... This practice note explains the inheritance tax charges that arise in a relevant property trust. It provides a step-by-step guide to calculating charges and worked examples. It is intended as an introduction for those who are unfamilar with the charge, or as a refresher. NOTE: This resource is being reviewed in light of the 2013 Budget. For more information, see Legal update, 2013 Budget: key private client tax announcements | Practice notes | Maintained |
| 31 | Inheritance tax: relevant property trusts: effect of death of ... This practice note explains the effect of the death of the settlor within seven years of the establishment of a relevant property trust on the calculation of inheritance tax (IHT). NOTE: This resource is being reviewed in light of the 2013 Budget. For more information, see Legal update, 2013 Budget: key private client tax announcements | Practice notes | Maintained |
| 32 | Inheritance tax: relevant property trusts: key concepts This practice note explains the key concepts which make up the calculation of inheritance tax charges in a relevant property trust. NOTE: This resource is being reviewed in light of the 2013 Budget. For more information, see Legal update, 2013 Budget: key private client tax announcements | Practice notes | Maintained |
| 33 | Limited liability partnerships: tax The Limited Liability Partnerships Act 2000 is broadly intended to confer tax transparency on limited liability partnerships (LLPs) as is enjoyed by ordinary partnerships. The rules on taxation of partnerships are intended to apply to LLPs and their members. | Practice notes | Maintained |
| 34 | Limited partnerships: tax This practice note examines the various tax issues that arise in relation to limited partnerships, including the tax treatment of partners and the tax consequences of changes in limited partnership interests. | Practice notes | Maintained |
| 35 | Parental responsibility for education This note outlines the rights of parents and individuals with parental responsibility in respect of a child's education. It explains how parental responsibility can arise and the principles to be followed by schools where more than one individual has parental responsibility for a child. | Practice notes | Maintained |
| 36 | Parental responsibility: what is it and who has it? A practice note explaining the meaning of parental responsibility for children, who has parental responsibility and how it ends, with examples. | Practice notes | Maintained |
| 37 | Pension sharing on divorce: a practical guide for trustees This practice note explains the effect of pension-sharing orders on tax-registered occupational pension arrangements, and considers the steps trustees must take to comply with the legislation. | Practice notes | Maintained |
| 38 | Powers of attorney This practice note examines powers of attorney, in particular, general powers of attorney and their commercial application. It includes links to standard documents for general powers of attorney and specimen execution clauses. For further details on other types of powers of attorney, see Practice note, Lasting powers of attorney and Practice note, Enduring powers of attorney. | Practice notes | Maintained |
| 39 | Reducing the annual and lifetime allowances for pension ... This note examines the coalition government's measures to restrict the availability of tax relief on pension saving by reducing the annual and lifetime allowances. As well as looking at the circumstances in which an annual allowance charge is triggered, the note highlights some key practical issues for trustees and employers, including the obligation to provide pension savings statements to members. The note also refers to the announcement of further reductions to the annual and lifetime allowances made at the 2012 Autumn Statement to take effect from the 2014/15 tax year. | Practice notes | Maintained |
| 40 | Restricting pensions tax relief: anti-forestalling measures This practice note considers the anti-forestalling measures implemented by the previous government in the Finance Act 2009 in advance of its abortive plans to restrict tax relief on pension saving for high-income individuals. The anti-forestalling measures only applied to pensions tax relief claimed in the 2009/10 and 2010/11 tax years. | Practice notes | Maintained |
| 41 | SDLT and residential property: the new top SDLT rate A note that looks at the new top rate of SDLT for residential property introduced in the 2012 Budget and how the 7% rate, effective from 22 March 2012, applies to typical land transactions where the purchaser is an individual. | Practice notes | Maintained |
| 42 | Stock transfer form This practice note explains when a stock transfer form is required, and provides details on how to complete the form. For a stock transfer form that can be edited and saved to your desktop, please see Standard document, Stock transfer form. | Practice notes | Maintained |
| 43 | Tax consultations and legislation: what to expect for the rest of ... A practice note summarising the tax consultations, consultation responses and draft legislation published before the end of 2010. | Practice notes | 31-Dec-2010 |
| 44 | Tax data for individuals and trustees A note containing links to tax data of interest to individual taxpayers and trustees (including personal representatives). It covers rates, allowances and time limits for inheritance tax, capital gains tax, income tax and stamp taxes, and tax limits that apply to registered pension schemes and individual savings accounts. It includes links to interest rates on tax paid late and tax overpaid. | Practice notes | Maintained |
| 45 | Tax legislation tracker: employment A document tracking the development of certain notable pieces of proposed new legislation relating to employment taxation. | Practice notes | Maintained |
| 46 | Tax on chargeable gains: general principles This note is a general summary of the UK rules applying to the taxation of chargeable gains. It describes what chargeable gains are, what assets are affected, when disposals arise, the way in which gains are calculated and the manner in which they are taxed, exceptions from taxation, anti-avoidance rules and how allowable losses may be used. This note is intended as a general overview, so you should be aware that the tax treatment in a particular case may differ from the general position described in this note. | Practice notes | Maintained |
| 47 | Tax penalties: consolidated regime for culpable penalties This is one of a series of notes on tax penalties. It gives details of the penalty regime for inaccuracies in documents submitted to HMRC which applies for periods commencing on or after 1 April 2008 for which a return must be filed on or after 1 April 2009. It also explains the consolidated penalty regime for failure to notify chargeability to tax and for unauthorised issue of a VAT invoice which applies from 1 April 2010. For an introduction to tax penalties generally, see Practice note, Tax penalties: overview. | Practice notes | Maintained |
| 48 | Tax penalties: direct tax This is one of a series of notes on tax penalties. It deals specifically with the rules for direct tax penalties. However, for details of the rules relating to culpable penalties for periods commencing on or after 1 April 2008 for which a return must be filed on or after 1 April 2009, see Practice note, Tax penalties: consolidated regime for culpable penalties. For an introduction to tax penalties generally, see Practice note, Tax penalties: overview. | Practice notes | Maintained |
| 49 | Tax reduction for gifts of art to the nation A note on a scheme providing a tax reduction to taxpayers who donate pre-eminent objects to the nation during their lifetime. It explains how the tax reduction works and how it interacts with other tax incentives. | Practice notes | Maintained |
| 50 | Tax treatment of damages The tax implications of a settlement may be a determinative factor when considering whether to accept or make an offer. This note considers when awards of damages will be subject to tax as income or as chargeable gains and the tax treatment of the payment of damages. | Practice notes | Maintained |
| 51 | Taxation and protection for legitimate expectations This note considers how the concept of legitimate expectation may apply in the taxation context. | Practice notes | Maintained |
| 52 | Transfers of equity A practice note on transfers of equity. | Practice notes | Maintained |
| 53 | When to submit inheritance tax account IHT100 A note about when to submit an inheritance tax account in form IHT100, including details of excepted transfers, terminations and settlements (with examples). | Practice notes | Maintained |