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A barrister with land and property experience can provide opinions on various aspects of SDLT including MDR claims, pre-completion transactions and incorporations. Interestingly enough, a barrister who is a specialist on the subject of tax can provide advice to self-employed consultants on disguised remuneration legislation and third party loans including anti-avoidance provisions in Finance (No2) Act 2017. Expert pensions specialists advise on the restructuring of businesses, financing and refinancing, all forms of corporate activity and conduct, covenant assessments, mergers, pension scheme investments, benefit changes, scheme amendments, advice in relation to the Pensions Regulator and Pension Protection Fund, pension litigation, outsourcing in the public and private sectors as well as SSASs and SIPPs. Expert pensions barristers provide specialist advice on all aspects of pension law, including other employee If a civil tax enquiry by HMRC grows into a tax investigation, then a tax professional will be able to handle this transition. Tax specialists have experience of advising both international and domestic clients on the UK tax aspects of their affairs.

If you are attracted by diverse and challenging legal problems, a mixed litigation and advisory practice, and having the opportunity as a junior to conduct your own cases while also working with some of the best minds in the legal profession, you should seriously consider applying to the Tax Bar. A property tax barrister can supply long-standing expertise in all areas of SDLT, enabling them to advise on legitimate savings and provide an independent review of any SDLT avoidance schemes. Business income and related taxes are areas that tax barristers can accept instructions in. Incorporations of property businesses and partnerships, in particular securing schedule 15 relief from SDLT, is an area of expertise for a tax barrister. A Pensions Advice service will represent clients to determine the best fit for their needs.

Strong Legal Team

One of the most important skills of a tax barrister is communication, the ability to explain tax issues to non-technical people so that they can understand. Capital gains tax is a matter that a tax barrister can give opinions on. Business Asset roll over relief is a matter that a barrister specialising in capital gains tax can offer opinion on. A tax barrister's core areas of expertise can be private client IHT and CGT, VAT, employment-related taxes, corporation tax, tax penalties, and property-related taxes. Under the remittance basis of taxation, a person’s UK source income is still subject to UK income tax on an arising basis but his foreign source income is only subject to UK income tax if that income is remitted to the UK. A United Kingdom tax barrister should be able to take a view on your personal situation. Specialist assistance for Inheritance Tax Advice should be sought whenever required.

While you will more often see barristers in court than in the boardroom, the role of a barrister is continuously changing and increasingly more work happens outside the courtroom. Many barristers specialise in one area of the law, although some may have a more general practice covering a variety of areas. Because tax laws tend to be numerous and complicated, it would be impossible to subject them to complete review at all times. The English legal system is a common law system. In the fiscal context, there are two principal categories of remedies available to taxpayers in respect of a tax dispute, that is, statutory remedies and common law remedies. Tax barristers undertake a high proportion of work in relation to tax planning for individuals, trusts and estates, covering all inheritance tax, capital gains tax, income tax and SDLT issues. Barristers specialising in tax occassionally represent the UK government (including HM Revenue & Customs) and foreign governments, including those of Bermuda, Mauritius, New Zealand, Australia, Singapore and Hong Kong. Any Tax Barrister service will not reveal what he or she has been told to anyone else.

Clear And Practical Advice

Property transactions are often tax driven. Tax barristers can help mitigate tax by providing first hand property tax advice. This includes advising on Stamp Duty Land Tax (SDLT), reliefs for capital allowances, irrecoverable VAT, deductions for finance costs, and Construction Industry Scheme (CIS) aspects of planning. Operating a pension fund is an increasingly complex enterprise, requiring a high degree of expertise and skill. Pension barristers advise trustees and employers on the full range of day-to-day governance and administration matters, as well as major projects such as scheme mergers, demergers and winding up. Adept tax specialists can advise on the merits of a taxpayer's case. Some Corporation Tax specialist have a particular emphasis on close companies and owner managed companies, tax efficient finance and profit extraction arrangements and the raft of anti-avoidance legislation that day to day bears down on companies conducting ordinary commercial transactions. Pensions specialists provide advice across a range of pensions-related issues in a straightforward and easily understandable manner, avoiding the use of pensions 'jargon' wherever possible. The opinion of a Domicile Advice service should be sort if clarification of the finer issues are required.

A competent tax barristers expertise may involve the application of multiple dwellings relief to SDLT, in particular with regard to student accommodation. Tax litigation before national and international courts, specialist tax tribunals, the courts of appeal and the European Court of Justice is a matter that a barrister can give an opinion on. A tax barristers expertise in pensions law is complemented by experience in important related areas such as trusts, professional negligence, corporate insolvency and commercial disputes. Unearth supplementary details appertaining to London Based Tax Barristers at this web page.

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