Hi, Trying to help a family member. Retired, with private pension, state pension and savings/ investments. Total income 55733... 43163 after PA. Gift aid contributions £467 This is for 23/24 tax year. Scottish resident. Many thanks for any assistance. Continue Reading
A life time Trust was set up my brother who has passed away Currently , two brothers , one the settlor( NON RESIDENT for UK Tax) the other, manager Trustee( UK resident for Tax purposes) ,with very wide powers, run the trust The trust had 10s of 1000s pounds of ... Continue Reading
A non-resident (who has never lived in the UK) recently received a P45 from a UK pension scheme without NI number, which deducted 45% tax from a lump sum payout inherited from her late father. She wants to reclaim the tax from HMRC. Does anyone know how to go about ... Continue Reading
I can't send my IHT forms to HMRC's address via Royal Mail's Click & Drop online, as it won't accept the BX9 post code, and insists on a City being entered. After a bit of research I've found a link on HMRC that provides an address 'for couriers' https://www.gov.uk/find-hmrc-contacts/courier-deliveries-to-hmrc-po-box-and-bx-postcodes, ... Continue Reading
Am I correct that business tax can not be claimed by the council, for a room in an out building in my home that was last used to consult clients 20+ years ago?. There was no notification at that time, its now the first Ive heard from the council. Is there not a ... Continue Reading
We have a few buy to let properties and for tax reasons I'd like to transfer 1 property from my partners name into mine. Detail is we paid 82k for it, let's say it's worth 100k now as an example. Then we'd pay cgt on 100-82-3k(cgt allowance) so we'd pay tax on ... Continue Reading
Good Day If a UK business has two Directors and ...Both employed by the company. ...One of the Directors earn above the Secondary Threshold for NIC via the company ...The other director earns above the Secondary Threshold via other means (pension and/or property ... Continue Reading
My wife’s father died last year (well over 75) and whilst not a dependent his old occupation pension trustees paid her £750 as a goodwill payment. They paid it gross, and then issued her P45 As she is still being asked to complete a SA ( guess last time ... Continue Reading
