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Reclaiming VAT on Fuel
on 26/06/2017 12:39, by RalphD

Hi all, My wife is self-employed & would normally have happily used the Flat Rate Scheme to keep VAT matters nice and simple. However, the Limited Cost Trader rules have meant that she's in the process of switching to the standard scheme. (wrote the letter ... Continue Reading

SDLT
on 26/06/2017 12:04, by developing

Hi I wish to start a new business buying and selling property in a partnership with my son. I own a house my son does not. Is it possible i might avoid the additional 3% SDLT on second home ownership by buying and selling properties in my sons name only. Is there ... Continue Reading

CGT + Stamp + Early mortgage repayment
on 26/06/2017 08:53, by tarpitman

Hi I have found myself in a lucky position where I have enough funds to buy a property I have seen outright. The 3 issues I have are with regards to Capital Gains Tax, Increased stamp duty on second home & Early mortgage repayment fees. My current mortgage ... Continue Reading

regd Capital Gains on disposal of previous main residence
on 25/06/2017 22:33, by kogantivijay

I am a bit novice w.r.t govt regulations and would need your expert advice. Usecase : we (joint ownership) have bought a Flat in April 2014 for £210000 and it was our main residence until March 2017 (i.e total of 36 months) subsequently we have bought another ... Continue Reading

Gifting a BTL Property to my son
on 25/06/2017 18:03, by othen

I am 56 and retired (with a comfortable occupational pension, but not a higher rate income tax payer). My son will soon be 18 and I would like to gift him either all or a part of a BTL house I own. I bought the BTL for £108k, it is probably worth £170k now, it ... Continue Reading

Offsetting rental income against personal allowance
on 25/06/2017 16:01, by rob1984xx

Hello, 1. I am married. 2. My wife is the sole owner of her former home. The property is mortgaged, and is rented out. PROPERTY ONE. 3. I am the sole owner of a flat. The property is mortgaged, and is rented out. PROPERTY TWO. 4. We are joint ... Continue Reading

Spending time in Spain
on 24/06/2017 12:27, by tim5597

Hi there I'm currently self-employed in the UK, filing a self assessment each year. An opportunity has opened up to spend some time in Spain, and I can't quite get my head around the tax implications. I am able to work remotely and plan to keep my current UK ... Continue Reading

Must I pay VAT ??
on 23/06/2017 22:25, by adamjoyce

hi guys, I am looking to set up someones online business and will then get on going payment dependent on the sales generated from my work. My colleague already pays VAT on all his sales but i was wondering what my situation would be. I was looking to continue ... Continue Reading

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