Agent update: issue 96

Published on: 20 May 2022

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Specialist Tax Regulatory Materials

Article summary

HMRC has published Agent Update issue 96 (May 2022) providing a round-up of recent developments for tax agents and advisers.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

News

Guidance

Popular Articles

Owner-Managed Businesses

Definition of a close company

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Owner-Managed Businesses

Trade or hobby

Trade or hobbyInteraction of hobby farming rules and commercialityFarming has its own set of ‘hobby farming rules’, which historically have stated that a profit must be made every six years. This is known as ‘the five-year rule’, in that there can be five years of losses but there must be a profit

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Personal Tax

Losses on shares set against income

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14 Jul 2020 12:12 | Produced by Tolley Read more

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