News

April 16th, 2023

AI tax adviser: Can ChatGPT do all your work for you?

The mission was simple.   Could I get ChatGPT to do all my work for me?   Did it work?   Here was the request   [AW] “Can you provide me with an explanation of the UK transfer of assets abroad provisions that a 12 year old would understand with examples please?   [ChatGPT ]“Sure, […]

April 7th, 2023

Comparing apples with oranges – a short economic and tax history

Welcome to Del Monte Del Monte was a small country🍎🍊🍏 Historically it was a civilisation of little importance. Like many, it enjoyed its time in the metaphorical sun before fading from the pages of history. Leaving behind mere clues as to its demise. However, it did give rise to the saying ‘comparing apples and oranges’.* […]

March 25th, 2023

BPRA: London Luton Hotel BPRA Property Fund’s latest long-haul stopover

BPRA – Introduction The Court of Appeal recently heard an appeal by London Luton Hotel BPRA Property Fund LLP. The case is the latest chapter in the long haul case concerning the availability of a capital allowance for converting a former flight training center near London Luton Airport into a hotel. This hearing marks the […]

February 14th, 2023

When Trusts Go Wrong: The Zhang Lan Saga

When trusts go wrong – Introduction A recent court case in Singapore, La Dolce Vita Fine Dining v Zhang Lan and others [2022] SGHC 278, has highlighted the importance of the effective formalities of the establishment of trusts, the appropriate management of them, and the need for proper and continued legal advice to preserve the […]

December 16th, 2022

Walk of shame: HMRC’s increasing use of ‘name and shame’ (Part two)

This is the second part of this article. For the first part, please read here Tax avoidance scheme promoters Background Perhaps some of the most severe name and powers provided to HMRC have recently been given in relation to tax scheme promoters under the DOTAS provisions under new FA 2004, s316C (“DOTAS name and shame”) […]