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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
SDLT on main home
on 24/11/2020 08:25, by SusanEdinburgh

Hello there I had a question which looks like it may have been answered but I am in Scotland. I don't think we have SDLT - we have LBTT (replacement of Stamp Duty) but feel free to correct me if I'm wrong. So at the moment I have one property which is my main ... Continue Reading

Commercial development Business vs Personal
on 23/11/2020 21:35, by pete710UK

Hello, I hope someone can help, I have purchased a small parcel of land which I hope to build 4 small workshops on. It is costing more than I expected and I have been paying for plans etc personally. I plan to maybe sell the workshops when built. I am wondering ... Continue Reading

Selling property to business timing issues
on 23/11/2020 21:31, by irvine322

Hi All, not 100% if this is right place but just looking for any thoughts on a fairly complex scenario. I'm a part qualified accountant so haven't seen the need to use accountant for tax affairs to date (been letting out property for 3 years now) - but considering ... Continue Reading

Buy to Let, Business or Personal
on 23/11/2020 21:23, by pete710UK

Hello, I hope someone can help, I am buying small house for a friend who has fallen on hard times, the plan is to buy the property for him and his family to rent for a few years before they buy it from me for the same price I paid. They hope to have a deposit within ... Continue Reading

Main Residence Query
on 23/11/2020 19:36, by josswallace

For a number of years we owned a house, which was our main residence, and a flat which was rented out under an AST. When we sold the house we nominated the flat as our main residence. our bank details were transferred to the flat address, we took over the council ... Continue Reading

CGT advice please
on 23/11/2020 16:31, by diamond2

Hi there, Can you advise me regarding CGT please? In 2015 I moved out of my home after 26years, and at that time, for BTL mortgage purposes, the house was valued at £340k. I then rented it out and It's now worth about £385k. In the meantime I bought a flat ... Continue Reading

VAT threshold, holiday lettings, longer lets etc.
on 23/11/2020 13:16, by Incredulum

This is a seemingly trickier question than I imagined and I should be most grateful for any assistance you can offer. An individual has a FHL, all income from which will obviously contribute towards their VAT registration threshold turnover. The individual also ... Continue Reading

ICPA Chairman Tony Margaritelli discusses 3 topics centred around October, including: 1. HMRC Furlough Fraud & Fighting For Your Clients, 2. Think About Yourself, 3. Are You a HMRC Customer.