The Office of Tax Simplification (OTS) has published its recommendations for simplifying IHT. Key areas covered include lifetime gifting, agricultural and business property relief, and the interaction with CGT. The first report in November 2024 covered the administrative aspects of the tax. This second report … See more IHT was designed with a view to encourage lifetime giving. The report highlights the confusion created by the landscape of gift … See more The report looks at the application of business property relief (BPR) and agricultural property relief (APR). It starts from the premise that their main policy rationale is to prevent the break up or sale of businesses or … See more The OTS received many recommendations that IHT should be abolished and potentially replaced with CGT on death. Such a change went … See more This is a mixed package of proposals, which will create winners and losers if they are implemented. Any taxpayer with a potential exposure to … See more WebJun 8, 2024 · OTS group financial controller Toh Kiam Hwee said that regional expansion is among the group's near-term plans. "We are currently very established in west Malaysia, …
OTS Capital Gains Tax Review - Philip Hare & Associates
WebAug 1, 2024 · Partner. t. 01823 250350. e. [email protected]. Sam Kirkham is a Partner in the Albert Goodman Farms and Estates team and a member of the … WebDec 1, 2024 · In total, the Government has accepted five key recommendations from the OTS’ second report on Capital Gains Tax. Related articles. State pension: Johnson … blue prince charming costume
OTS second report drives expenses and benefits into the modern …
WebThe Office of Tax Simplification (OTS) has published its recommendations for simplifying IHT. Key areas covered include lifetime gifting, agricultural and business property relief, … WebJun 9, 2024 · The main recommendations to note are the following: CGT Reporting – Integration of the different ways of reporting and paying CGT, and introducing one Single … WebAug 8, 2013 · OTS review of employee benefits and expenses - second report. 29 January 2014. A set of recommendations on how to simplify and streamline the complex system for reporting and taxing employee benefits and expenses has been set out in a report published today by the Office of Tax Simplification (OTS). clearing teams app cache