Confirmation required: If the first to die of a married couple left a gift in his/her Will of say £100k to ANOTHER,and the Will also left the remainder of estate to surviving spouse,…and transferred NRB allowance to surviving spouse,that allowance will be reduced ... Continue Reading
I've been a non UK tax resident since 2018, I live aboard permanently. I don't have a house or family (Spouse or children) in the UK. I'm a sole trader, I have 1 UK client, I invoice the client every month and get paid into my UK bank account. On my tax return, ... Continue Reading
I have read that if a persons qualifying income is £30,000 or less there is no need to participate in MTD. Can anyone tell me if bank and building society and or state pension is included as qualifying income? Continue Reading
I've received a return of capital on stock shares from TRI (Thomson Reuters) last year. The operation was combined with a stock buyback. The company distributed around 4$ per share but at the same time reduced the number of shares investors held to maintain the ... Continue Reading
Can someone please help me understand why I owe double the tax I was expecting to owe after I completed my self assessment a few weeks ago. I did some freelance work for 9 months during the 23/24 tax year. I made just over £10k and the tax I owe is over £4k ... Continue Reading
Hi, If one has a ltd company with a large cash balance, built up ,via share investment and business savings some 8+ years after no more trade carried on in the company, could HMRC decide dividends , paid over a number of years, are actually capital distribution ... Continue Reading
Hi, I have made a gain in share buying and selling in 2023-24. I also have lost about 3000 pounds worth of shares I had with Cineworld. Cineworld went bust when I still had these shares. I wanted to know where I can quote the loss, is this included in the losses ... Continue Reading
Hi, I have my first home outright in my name. Now I am looking to buy a second home. From taxes and stamp duty perspective what is the best way to do this ? There are few options i thought of : 1) buy in wife's name - she is on a 40k salary and will likely have ... Continue Reading
