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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
CGT rate for higher rate tax payer
on 22/09/2019 09:00, by Kiran

Please help and clarify.. A higher rate tax payer, with trading profit in the range of 120k -125k, total taxable income in the range of 130k -140k is thinking of retiring at age 57 expecting goodwill and assets to bring a gain in the range of £485,000. With entrepreneurs' ... Continue Reading

Non resident CGT
on 22/09/2019 05:44, by kanrent

I bought my house in 1985 lived in the house until year 2000 moved out and let the property, also became became non resident in 2000. Will I still be exempt from CGT up until 2015 After New rules are introduced in 2020 Continue Reading

HMRC confusion on £3000 underpayment
on 20/09/2019 20:29, by Dave12335

Hi tax friends Could anyone help me with the following situation, please ? The “exam question” is if an underpayment of less than £3000 tax is due in 19-20 or 20-21 ? 16-17 no underpayments in previous years 17-18 I had a small paye underpayment of approx ... Continue Reading

Corporation Tax and personal tax
on 17/09/2019 22:47, by slmonline

I wonder if anyone can help me with something that has long confused me. If I have a limited company, and it makes a profit in year 1 but I decide to leave the profit in the company, then I will only have to pay corporation tax is my understanding. However, if ... Continue Reading

Loan to director
on 17/09/2019 20:39, by Sam111

Hi I had to take out a loan from my personal company when I was unable to obtain a mortgage on a property due to the amount of work involved. My plan was use cash from the company until I can obtain a mortgage. This was a couple of weeks before my year end of ... Continue Reading

Gifting Property to Brother
on 17/09/2019 13:59, by atto40

Hi Its a long winded one , but i will keep it short. We had a family home back in the 90's, and my parents bought it under their names + mine. Around 4 years ago, they took their name off and left it to me, its been on rent since. The family bought another ... Continue Reading

Tony Talks - 

ICPA Chairman Tony Margaritelli on scammers, CAT, M&S and HMRC in his latest in practice blog