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Hello I would like to know whether the £1,000 personal savings allowance can be used for foreign interest income. This is for a basic rate taxpayer. Thank you Continue Reading

Good evening Is a mechanism in place whereby a third party (Insurance company) can pay an individuals PAYE and NI directly to HMRC. Under the following circumstances. The insurer is paying out following an employment tribunal, the claimants award (Unfair dismissal) ... Continue Reading

I have been asked to complete a tax return for someone who was granted equity in March 2022 which vested in March 2025. He was UK resident throughout but was also resident in the Netherlands and Germany in 2022 - 6 months in each country. His employer has sent ... Continue Reading

Hello I am a partner in a limited partnership where the profits are released sporadically throughout the year. As you know, HMRC dictates that tax must be paid by individual partners on declared profits whether they have been received or not. At the end of January ... Continue Reading

Hi I am considering making a gift to my minor child in advance of Budget day. I have registered a bare trust. And the child has a savings account. Will a same day cash transfer from my bank account to the to the child's savings account be sufficient to effect ... Continue Reading

I held some dollars on a brokerage account to buy and sell shares and funds. I don't convert the dollar back to pounds between different transactions and may held dollar for a long period, as I plan to continue to invest on dollar base securities. I understand ... Continue Reading

Hi everyone, I am a non-dom UK resident and I am looking for some clarification on how Overseas Workday Relief (OWR) interacts with RSU vesting periods that span into the 4th tax year. My Situation: - I have been a UK tax resident for 3 full tax years. The current ... Continue Reading

Can anyone help clarify the following 1. Does a personal SIPP contribution (relief-at-source) extend the basic-rate income-tax band for the purpose of calculating the CGT rate applied to property gains? 2. If so, how should this extension be reflected in the ... Continue Reading