Finance Bill 2013: caps on income tax reliefs
The draft Finance Bill 2013, published on 11 December, includes a cap on the amount of income tax relief that tax payers can receive, where the relief itself is not already capped. The cap is due to apply for claims for relief for the 2013/14 tax year onwards and restricts the amount of income tax losses for which relief can be obtained in any tax year to either £50,000 or 25% of earnings, whichever is greater.
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
It is important to know what changes have been made to the statutory regime for succession to a tenancy when a tenant dies.
Unlike the position in England, in Scotland there is virtually no statutory protection for a commercial tenant at the expiry of their lease.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…