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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Split ownership valuation
on 18/06/2018 07:15, by Umar

Hi If a property is worth £1m but a 50% share worth £200k (due to the market value being lower for a share in a property due to lack of control), if I gift my share to someone, does HMRC accept the £200k market value? Or die HMRC just take 50% of the £1m ... Continue Reading

Is an asset swap a PET?
on 18/06/2018 06:48, by Umar

Hi My father partially swapped an asset with my brother 5 years ago. He gave away an asset worth £50k but gained an asset worth £90k. No cash was exchanged, ie both were gifts. How do I work out the NRB usage? He has £300k of other assets, excluding both ... Continue Reading

New Limited Company : Advice on populating invoices
on 17/06/2018 17:46, by blockquote

Hi, I've been a sole trader for 6 years and have just moved to a limited company structure. I generate invoices for each sale of services to each client. The invoices include the name of the client and their email address, which is how they make contact and all ... Continue Reading

Tax on German Private Pension
on 17/06/2018 15:06, by Cap_Scarlet

I retired early this year (at age 53) and returned with my wife to the UK. I will be in receipt of a private pension from my previous employer in Germany paid in € into my German bank account. The pension is worth c. €100k per annum. We are English citizens ... Continue Reading

Planning for CGT on renovated home which is then let
on 17/06/2018 11:32, by blockquote

Hi, I bought a property in 2016 for £105,000. For the past 2 years I have been living in the house and renovating. The value is now £150,000. Due to a change in circumstances I will be moving out of the house in August and letting the whole property. I read ... Continue Reading

Chargeable event
on 17/06/2018 10:43, by SuffolkMan

I have cashed in a bond that's in joint names with myself and my wife and received a Chargeable Event Certificate. The certificate shows chargeable gain £40,467 Tax paid £8,131 with 10 years since start. I am already paying tax at 40% and when I include 50% of ... Continue Reading

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