Received the familiar "have you got income from renting property you haven't told us about" letter and responded that although I do own other properties they are not let and I do not make any income from them HMRC have now written asking for proof of this in the ... Continue Reading
Hello, My client is a low earner who rents a business property for acupuncture and other therapies. She is exempt from business rates. Normally her profit after expenses and rent is about £6000. She has received coronavirus business grants from the council, ... Continue Reading
Hello, I am hoping someone can help me interpret S.225E TCGA1992. I have a disabled client who has just sold his previous main residence (Property A) which is in his sole ownership. He married a few years ago and he and his wife made a joint election in favour ... Continue Reading
Hi - trying to understand the tax implications to my son and I of gifting a largish sum (£10k) to my him. Both self employed. Continue Reading
Hi, I shall be obtaining planning permission for a new dwelling on the driveway/garage block of an existing residential investment property I own. When I sell this development plot land for someone else to build, I understand that CGT will be payable on the gain ... Continue Reading
Hi Everyone, first use of his forum, hoping some kind people will provide some guidance/advice. My son is currently thinking of selling his other house that is rented out at the moment. He has his own home with his wife that he lives in. He has lived in the rented ... Continue Reading
Hi, This question is asked on my self assessment. "If your net income is over £50,000 select 'Yes', otherwise select 'No'. Step 1 - Work out your 'net income'. Add up your taxable income, include things such as: income from employment including any company benefits, ... Continue Reading
Hi there, I really don't know where to ask such a question so I figured I'll register onto this forum, if that is the wrong place please move or delete the topic. My current situation is as follows: I'm from Germany (german resident) and would like to take ... Continue Reading
