hi all, not sure if this question belongs here or in the property taxation section. I am looking to find out the implications in the following scenario: Company buys a property rental business (land and buildings) which had been opted to tax by the previous ... Continue Reading

Hi Can some one plz guide Can a director of a company do business with his own company as CIS sub contractor, his company being contractor , and thus take payment from his company under both PAYE (as salary director) and as sub contractor payments from which ... Continue Reading

We are selling the business partnership which is home based, with no bricks and mortar. Just the name, goodwill, staff and clients. Can anyone confirm i have done the calculations in the correctly and in the right order. Sale of business ... Continue Reading

Good evening, We are in the process of completing the yearly self assessment. Along with receiving income from property I also received income from Tesco till I left in May 2019. I am confused with what the below screen means Our records show that your ... Continue Reading

Can you please help with a CGT calculation. My mother in law inherited her husband's shares 5 years ago when he died. She wants to sell the shares to her son. Is the gain the difference between the value 5 years ago and today? Or is it based on the valuation ... Continue Reading

I am the executor of a recently deceased person and am hoping to be able to apply for probate on the basis of the estate qualifying as an “excepted” estate. In which case my application will be on IHT205 rather than the more complex and demanding IHT400. My ... Continue Reading

Hi, I have a question on "Other Taxable Income". The instructions states "certain miscellaneous income are no more than £1,000 they are exempt from tax and do not need to be reported on a tax return". My question is this, say the "Other Taxable Income" went ... Continue Reading

Hi tax friends If a HRTP donor makes a lump donation to a charity, what’s the maximum gift aid capacity per tax year (ignoring gift aid carry back) ? At first glance it’s 4x tax paid. Or is it ? S423 ITA 2007 talks about the tax treated as deducted etc ... Continue Reading