Hello, I was sent a simple assessment calculation (PA302) dated 24/10/19 advising I owed HMRC £906.40. I challenged this immediately and was told it was being written off. Not being used to dealing with HMRC I did not take any names of the people I spoke to over ... Continue Reading
Looking for some advice please. I am a serving member of the Armed Forces and currently live in married quarters. I let my home out under a 'consent to let' on my residential mortgage and after a change of circumstances, I have just put it on the market for sale. ... Continue Reading
Hi - a quick question. On returning from overseas I inherited a house from my grandmother in 2004 and lived there until 2016. I have no idea how much the house was worth, but I added my wife as a joint owner. We added a conservatory and an attic conversion in ... Continue Reading
Hi My mother, her brother and his wife lived together in one house, until his death. The property is in his sole name and there is no mortgage on it. Although there is no will in place, there was an understanding that my mother would inherit the property but unfortunately ... Continue Reading
What tax is due if my father places his house in a living trust with me as the beneficiary and then he dies. Is the house subject to inheritance tax or will I have to declare it as income from a trust on my income tax return, or is there something else? Continue Reading
Dear collective brains :) Due to a past issue with the IRS "misplacing" a page of a TR submitted via mail, we have requested that our CPA files future returns online. The CPA has advised that the IRS will not accept efile because of the exempt income under tax ... Continue Reading
Good afternoon I'm trying to help a friend, who although he clearly has no tax to pay, might be liable for failure to notify penalties, which look quite fierce. The background is: a) He used to be on PAYE, and has a UTR. b) He stopped full time work some years ... Continue Reading
Just set up a business and my corporation tax periods are split 01.02.23-30.11.23 & then 01.12.23-31.03.24, ignoring the part which is 01.02.23-31.03.23 as prior year, I calculated my tax for the period April23-Nov23 using HMRC calculator, if I then use the ... Continue Reading
