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CGT and PRR - Implications of Transfer Between Spouses
on 13/10/2015 12:09, by Keith317

Hi, I wonder if someone could shed some light upon this. I bought a property in October 1996 and lived in it as my principal private residence. My wife moved in with me in November 2004 and we lived in the property together until September 2012. At that point, ... Continue Reading

UK Personal Allowances / Split-Year Treatment
on 13/10/2015 04:01, by erictheone

Any experts here on HMRC's Split-Year Treatment, please? I'll be returning to the UK in November and I've done HMRC's online Statutory Residency Test, which shows that I will be entitled to Split-Year Treatment for 2015/16. Does anyone know how personal allowances ... Continue Reading

Newbie - Need help calculating CGT on sale of property
on 13/10/2015 01:07, by santiley

Hi, I wonder if someone can help me validate my calculations. I’m trying to workout CGT on the sale of A flat i owned with my wife. I have never done this before so i would very much appreciate if someone form the forum could go over my calculation and assumptions ... Continue Reading

Spouse paying business expenses
on 12/10/2015 21:25, by Rishyan

My wife is self employed running a very very small scale cake business from home. As she has no savings or no other income I frequently pay for the business expenses (ingredients mainly). I don't get reimbursed for such payments. When filing my wife's self assessment ... Continue Reading

Tax on gifts and promotional products
on 12/10/2015 13:54, by PrawnByrne

Hi, I want to know that if I offer customers free drinks/products to come to my premises through the use of promotional flyers/websites/apps Can I claim back the tax on these? or can I somehow recover costs of them? Or are there very specific criteria that ... Continue Reading

Capitalise or Expense
on 12/10/2015 11:49, by MrMan

Hi We have setup a Ltd company which has been used to buy a plot of land and we are now building a house on it. Should all the expenses incurred be expensed or do we need to capitalise them. I'm guessing that if the intention was to rent the house out then ... Continue Reading

2014/2015 after leaving the UK
on 12/10/2015 11:25, by adam199

Hi, I'm looking for advice and not sure the best place to look. I left the UK November 2015 to work in Australia on a 457, i'm here for at least the next 4 years if not indefinatley. On my p45 my earnings for 2014/2015 where £23329.24 of which I paid £3498.00 ... Continue Reading

Talk 29: Enhanced capital allowances (continued)

Tony Talks: Laugh or Cry