Could someone in the know give me a heads up please as to my situation below and what I will/wont be subject to for CGT...... My partner and I are not married. We both owned flats when we got together years ago which we rented out. My partner bought our current ... Continue Reading
Hi, I have sold a rental property and have made a gain which I need to report to HMRC and pay the CGT within 60 days. I also own shares in a company that has made significant losses which have not yet been crystallised. I had planned to sell the shares in the ... Continue Reading
I am purchasing a BTL in my name but my daughter is paying the deposit and intends to use the income herself after paying expenses from her rental income. How does this get structured so that the property / income tax is hers rather than impacting me? Is this ... Continue Reading
Hello I have a friend who is 55 and her parents want to ensure that she receives their house when they die (or before) and not be hit with Inheritance tax or CGT. The property is currently worth 450k and perhaps 550k when they die, based on historical house ... Continue Reading
So, I have about 6 properties in the UK on which have been paying taxes on the profits, going back as far as 1995. I would like to qualify for paying class 2 NI contributions. I believe that in order for this to happen, I need to be able to show that I am a sole ... Continue Reading
I invested £20,000 in 2019 in an SEIS company and claimed 50% relief - £10,000. As I had significant capital gains in that year, I also claimed CGT exemption on 50% of the investment - £10,000 @ 20% = £2,000. Unfortunately, the company has gone into liquidation ... Continue Reading
Good afternoon, I have a client in the motor trade purchasing around 2,000 cars p.a. A software error has resulted in 90 cars being treated wrongly as qualifying cars and input tax claimed (£271K) and output tax paid (£2812K). The net difference (£10,500) ... Continue Reading
Hi Good afternoon, I have a question - an ex -client who has been a client for the past 6 years has gone to a new accountant and he is asking for all the paperwork back for the past 6 years from me. I have given him the latest 12 months (4 Quarters VAT paperwork) ... Continue Reading