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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
"40 year" pension rule
on 18/03/2024 09:52, by Jupiter01

Is anyone aware of any regulations which mean that pension contributions are only payable within a maximum period of 40 years, based on when you first made your pension contribution? Someone mentioned this without much background and was citing it as a reason for ... Continue Reading

Liable for CGT or not?
on 17/03/2024 14:21, by HumbleBumble

Hello, I'm unsure if this scenario warrants CGT or not. This is regarding my partner's situation. 2012- left his (then) wife, continued to pay mortgage on family home - in full, she never paid a penny in. Rented a place for himself until 2016 when he moved in ... Continue Reading

Creation of Leaseholds out of Freehold
on 17/03/2024 10:38, by Steve78943

My mother and myself own (outright, no mortgage) a freehold building comprising of two flats with each of us owning 50% of the freehold. The top flat has 3 bedrooms and the bottom two bedrooms and has a garage. Theses flats are cuurently rented out. They are not ... Continue Reading

Getting gf name of property iht and cgt
on 16/03/2024 16:59, by vik2001

My gf currently owns a property with her brother. They cohabit together. She wants to move out and get her name of the deeds. The house has a 115k mortgage. The mortgage company is not allowing the brother to take over as sole mortgage owner due to having bad credit. Is ... Continue Reading

Directors' pension contribs for SMEs
on 15/03/2024 14:07, by lander

BIM4605 says for them to be allowed for corp tax they must be :"wholly, mutually & excls. etc", & part of renum package. It is quite easy to understand the concept of mixed expenditure for eg travel expenses, but hard to see for pension contribs. Can ... Continue Reading

Share savings with spouse to reduce tax rate?
on 15/03/2024 11:53, by DtheRed

Hi, I had a quick question. I have been married 10 years. I handle the family finances and our savings are mostly in my account (much from before marriage). With the interest rate rises I am actually receiving interest income now (!) but find that it pushes me ... Continue Reading

Betting income via other people
on 14/03/2024 08:36, by fwatters

Hi all. Between May and January this year, I did financial spread betting via a company regulated in the Seychelles. Financial spread betting is considered tax free, but the complication comes in that my own account got restricted (for winning too much) so I ... Continue Reading