UK tax tidbits, 27 July 2020

Jul 27, 2020

Today’s tidbits cover various updated forms and guidance.

  • Use updated form IHT35 to claim relief when you sell 'qualifying investments', that were part of the deceased's estate at a loss within 12 months of the date of death;  The guidance on the patent box regime has been updated;
  • Use the GAAR Advisory Panel opinion on reducing an estate's value via subscription for shares in a new company and gifting shares to an employee succession trust to help you recognise abusive tax arrangements;
  • The contact details for calling or writing to HMRC for tax advice if you're a non-UK resident entertainer or sportsperson who performs or competes in the UK have been updated; and
  • The guidance on the structures and buildings allowance has been updated.