My wife and I are sole shareholders and directors in Limited Company A (a consultancy trading company) plus Limited Company B (a residential property letting company). We recently acquired additional properties and income stream in Company B, and we have already ... Continue Reading
Apologies in advance if this requires just a simple answer. My wife has a BTL that she purchased prior to our marriage. I own the house we are living in and have done since we moved in together in 2002. We married in 2016. We are now looking to move and I propose ... Continue Reading
My recently deceased nan placed a sum of money in a bare trust for the benefit of my mum and uncle in the form of an offshore life assurance policy. The initial payment was over 7 years prior to death and so a potentially exempt transfer. IHT was not paid on ... Continue Reading
Hi, I received some shares from my previous company, which were set to vest at a rate of 25% each year. I was never taxed on them at the time and left them untouched in the associated US account- i.e., I didn’t sell or transfer them to my UK bank account. When ... Continue Reading
If one has an annual wage of £39000 PLUS a pension of £1500 pa, a total of £54K, thhis would just creep into Higher Tax rate. If one then pays pension contributions, this will bring the taxable amount to sub HRT. The question is: When considering the Savings ... Continue Reading
Hi - my son will acquire 50% of a property as per my mum's will on which no stamp duty is payable. He does not own any other property so is effectively a first time buyer. If he were to buy out the other 50% which has a value of around 280k (value of property 560k), ... Continue Reading
I’m coming to the end of administering a deceased relative’s estate. I am sole executor and sole beneficiary under the Will. Having obtained Grant of Probate, I closed the deceased’s accounts at their building society in Nov’24, and transferred the total ... Continue Reading
Hi I have a tax issue will try to keep it as simple as possible I have semi retired and am recieving 1400 pounds per month from my 25 % tax free alllwance I have had a part time cleaning job for 2 years paying 110 A month Recently the company was taken ... Continue Reading
