Hello. If I want to sell a call option expiring, for example, in January 2025, and at the same time buy a replacement expiring in January 2026, I'm guessing that CGT is payable on any profit on the January 2025 call - or is there an equivalent to the bed & ... Continue Reading
Hello, I hold a small amount of crypto and with the recent bull run will be hoping (no guarantee!) to take several thousand pounds in profit for the first time in 2025. It will also be the first time I incur CGT. I'm self-employed with a small business and use ... Continue Reading
Hello. I've been renting and submitting self assessment tax returns on my rental income for a number of years. In 2023 I decided to do up my property as it was in need of repair and replacement. I did this myself which resulting in a year where it was of the ... Continue Reading
Hello, I'm new on this forum - this is my first post :) I have a new client with a property business consisting of around 10 properties (a mix of residential and commercial). The background is as follows: 1. The property business was owned 50/50 by husband and ... Continue Reading
Am seconded to work in Denmark, deregistered with HMRC, sully taxable in Denmark, I can get my pension pot from there taxfree once I leave the country to return to UK. What tax - if any - would I have to pay in UK> Continue Reading
My partner died recently, we weren't married or in a Civil Partnership but we would have been if I had realised the implication of this in dealing with his estate. I have only just foud out about Quick Succession Tax. He was one of the beneficiaries in his late ... Continue Reading
IHT412 and its notes seem very quiet on the subject of replacement property. Here's a scenario from my mother's estate: 18 months before her death, shares in qualifying AIM company A (already held for 10 years) are sold for £30k. Shares in AIM company B are immediately ... Continue Reading
Hello, I have always lived with my parents and in 2022 they changed the ownership of the house from them owning it 50/50 to us each having a 1/3 share as tenants in common. They continued to pay the bills. My father has now died and I am filling in the various ... Continue Reading
