H&W company’s DLA was almost £100,000 in credit. They wish to benefit from the savings allowance and receive interest on the loan. The loan is not really needed – money is parked in the company bank account. What interest rate can they pay without fear ... Continue Reading
Hi everyone! I have recently become a UK sole trader and was wondering if anyone could help me a query I have:- If I buy some products from a UK Ltd company as a sole trader( without VAT registration to date), with the sole purpose of reselling to the EU would ... Continue Reading
Hi all, Would welcome some guidance and expert opinion on a issue I am querying at work. My employer provides a fuel card for my private car, which I use to pay for both business mileage fuel (est. 20k miles per annum) and personal fuel (est. 10k miles per annum). However ... Continue Reading
Hi I have been working in India for the past 12 years and have only spent approx 20 days in the UK each year up until 2017-18 tax year so have not paid UK taxes. Last year I bought a house in the UK and my family moved back to the UK while I continued to work ... Continue Reading
So I noticed in my previous year's tax return that I included my ISA dividends in with the none ISA dividends when asked how much I got. 1) dividends from a Shares ISA don't need to be included in tax return? 2) Is the personal allowance for dividends automatically ... Continue Reading
I am the sole director/99% shareholder in an investment company whose sole asset is a freehold property comprising of a lock-up shop and a self contained flat above both let separately. The flat has always been let on a AST basis and the shop on commercial leases ... Continue Reading
In 2006, I was gifted the sum of £150,000.00 which with the 7 year rule would have been exempt from tax in 2013. Unfortunately for an income reason, I gave the money back in 2011 but received it back in the same year and therefore I am led to believe that the ... Continue Reading
Hello, there will be a large inheritance tax bill on an estate, much of it on a property. However it is in poor condition. It would need painting, new kitchen carpets etc. At least 3 or 4 months work. Would the estate be allowed to renovate the property, using ... Continue Reading
