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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Confused over Gift Aid on Self Assessment return
on 18/01/2020 19:09, by robbo777

Hello, In the 2017/18 tax year I made charitable donations (Gift Aid payments) of £4000, and brought forward a further £3000 from the following year (2018/19) so I put these two separate amounts in the appropriate separate boxes on my 2017/18 return. I had not ... Continue Reading

Old BTL property
on 18/01/2020 14:44, by JAY123

Hi guys, Just need some advice. I am 65 years old and retired. I have an old property in my name that I bought for £25k back in 1990 that we as a family lived in for 11 years until we moved to our current house in 2001. The value of the property is around ... Continue Reading

Help with tax calculation please
on 18/01/2020 12:08, by LWBLA

Hello, I am trying to ascertain how much GROSS personal pension I require in order to break even with my expected expenditure. I have 2 forms of income - the State Pension and a personal pension. I understand that my personal pension is split with 75% of it being ... Continue Reading

2017/2018 cheque reissue
on 17/01/2020 14:46, by tommyx3m

Hi. This question is a bit complicated. My uncle lived in the UK somewhere between 2017/2018 and he realized that they sent him tax refund and cheque. He did not know that he can get his taxes money back and they sent this cheque to his old adress in Liverpool. ... Continue Reading

IHT Calculation
on 17/01/2020 11:38, by tax999

Hi, looking for some assistance. Will leaves £8,000 of legacies to grandchildren “free of government duties in respect of my death and of delivery expenses but without interest”. House valued at £235,000 to wife. Residue is split equally between wife, son, ... Continue Reading

Sale of only home due to separation
on 17/01/2020 10:59, by Cjb888

Hi I would be very grateful for any advice, I tried to keep my story brief, but it looks like I failed. So I apologise in advance and thank anyone who has the patience to read it and offer me any pointers. My wife and I are separated but still married. In August ... Continue Reading

on 16/01/2020 20:59, by Jason123456

I've just been reading IHT 206 (the notes for filling in IHT 205), particularly pertaining to £3000 limit on Gifts out of income... ‘exemption for gifts made out of income’ – for deaths on or after 1 March 2011 you can only deduct this exemption if the ... Continue Reading

IHT on Gifted Property
on 16/01/2020 20:20, by sara k

Hi. I hope someone can help. I live alone in a property that is worth around £700,000. I would like to gift half of the property to my adult son. I will be paying market rent for the half that would belong to him. I understand under these circumstances, if ... Continue Reading

Tony Talks - 


Tony Margaritelli discusses what the 2020's will hold for Accountants in his latest in practice blog.