Pensions - Ssas (Up To And Including 5.4.2006)

Below is a selection of our most recent updates on this subject.

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Special Commissioners Rule Against Harry Thorpe In 'Trust Busting' Case

The Special Commissioners have rejected an appeal by Harry Thorpe against the tax charges levied by HMRC when Mr. Thorpe, as the trustee and only remaining member of his SSAS scheme, took all the remaining assets of the scheme as a lump sum.
Tuesday, July 15, 2008

Pensions Update 155 Introduces Easement For Pre A-Day Ssas Actuarial Valuations

Pensions Update 155 sets out an easement in respect of pre A-Day actuarial valuations under a SSAS.
Wednesday, September 21, 2005

HMRC Confirm Position Regarding Stamp Duty

HMRC has issued a note confirming that stamp duty, SDRT and SDLT will not normally arise on the transfer of assets and liabilities between pension schemes.
Friday, June 10, 2005

Pensions And Stamp Duty Land Tax

The Association of Pensioneer Trustees has summarised their understanding and agreements with the Inland Revenue on the application of the Tax.
Thursday, January 06, 2005

Stamp Duty Land Tax And In Specie Property Transfers

It has been reported that the Government will shortly be issuing a note in their SDLT manual to set out the approach that will be taken in applying SDLT legislation to the particular circumstances of the pensions industry.
Thursday, February 19, 2004

Section 590 And Residential Property

This bulletin comments on the recent report in the press concerning the ability to use a section 590 approved scheme to include residential property.
Thursday, February 19, 2004

Inland Revenue Provides New Q And As On Time Limit For Ssas Property Valuations

The Revenue has now added further Q & As to its website to clarify the time limit for the production of SSAS property valuations.
Thursday, January 15, 2004

Stamp Duty Land Tax Changes Threaten In Specie Property Transfers

It has been reported that all property transfers between tax approved pension schemes on or after 1 December 2003 will no longer enjoy the former stamp duty exemption but will be liable to stamp duty land tax.
Monday, October 27, 2003

Pensions Update 143: Loans Made By Ssas

This Update makes two changes to existing Inland Revenue practice on loans made by the trustees of a SSAS
Wednesday, April 09, 2003

Valuation Of Asset Being Transferred In Specie

A new frequently asked question posted on the Inland Revenue website provides details of the timing of the valuation of an asset that is being transferred from one pension scheme to another
Tuesday, January 07, 2003

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