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
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
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
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
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
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
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
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
