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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Definition of Rents on IHT403 Gifts out of Normal Income
on 06/10/2024 14:05, by anjo56

I am trying to assemble a schedule of income and expenditure for the last 7 years as part of the information that my heirs will have to include on form IHT403 after my death under the section relating to gifts out of normal income. Apart from pension income, I ... Continue Reading

Freelancer looking to add a business activity
on 06/10/2024 09:11, by jtufty

Hi, I am a freelance web developer, have been for 15 years. Im a sole trader, non-vat registered. I play guitar, and Ive been asked by a few people if I offer guitar lessons. It got me thinking whether this could be another revenue stream. If I start making ... Continue Reading

Non domicile CGT
on 06/10/2024 05:17, by kanrent

Hi I'm a British citizen but NOT resident and NOT domicile in the UK. if I sell my UK rental property am I still subject to CGT. I know it's a bit of a broad question but generally speaking. Continue Reading

CGT - National Grid
on 03/10/2024 23:09, by js3

I've inherited some National Grid shares. The deceased owner died shortly before the rights issue in May 2024, but I received the shares after the rights issue. The rights were not taken up while administering the estate. I want to calculate the CGT base price ... Continue Reading

Personal Allowance
on 03/10/2024 01:26, by DLT3922

This may seem like a silly question but does the £12,570 tax free allowance apply to both husband and wife separately? In other words, as a couple they could each receive an annual income of less than £12,570 and not be required to pay income tax? Thank you Continue Reading

Show Cause Notice u/s 271
on 02/10/2024 20:08, by jagan

Hi there, I received a Show Cause Notice u/s 271 from IT department in last March'24 on a transaction back in 2014 . I replied to them with requested documents. The case status is still showing as 'Open'. Please could you advise me how long they keep open? Can ... Continue Reading

crypto profit
on 01/10/2024 14:03, by marksteggles

Hi, I made a small profit on crypto in 22/23 tax year. It is less than the personal allowance for CGT. If it is less than the CGT do you need to declare it on a self assessment? Continue Reading

No employment history
on 01/10/2024 13:25, by samj538

I recently checked my employment history on the HMRC app and I have no employment history for ten years, despite being employed by a company and paid weekly (by bank transfer) by them. I received a P60 and payslips (it took ages to get) when I asked for them a ... Continue Reading