Hello there, With apologies if this has already been answered. If i was in a lucky enough position to have parents who had an estate valued in the region of £2m and they liquidated some of their assets and gave me a large lump sum of cash (say in the region ... Continue Reading
Hi all, firstly thanks in advance for your time and help. My account just filed my accounts for 20/21 and I've got a corporation tax bill that I can't pay. My business took a big hit early this year, down to about 20% of the previous year's earnings, the other ... Continue Reading
My father died intestate in 1979. There was spousal exemption for my mother of £25,000 and I as remainderman received roughly £3000 from a total estate of roughly £33,00. There was no tax to pay at the time. My mother died this year. Can any NRB be claimed ... Continue Reading
I have a question, a uk Limited company that uses tugs and barges, it has a Philippines crew member under contact from a Philippines Agency, But is the net pay is paid via the Limited Company. The Philippines crew member wants to send his money back home, how ... Continue Reading
I’m currently buying a holiday home in Spain. It will not be let out. I have rental properties in the uK and pay taxes accordingly via Self Assessment. No other income. I have 3 children. Who’s name should I put the house into and would there be any tax ... Continue Reading
My husband died 5 years ago and recently his former employer got in touch to say that my children were entitled to a dependents bereavement pension up until they finished full time eduction (they all are at university/school). They received backdated payments for ... Continue Reading
Hoping someone could provide a bit of clarity on a unique scenario. Father A buys a house in 1975, for 5k. Not his primary residence. The house is worth in 2018 200k. Through out that time he’s spent 30k max in all costs relating to repairs/purchasing the property ... Continue Reading
Hello. Is a transfer of money (say £10,000) to a brother taxable? The money comes from a sale of property on which CGT has been paid. Tried to find the answer on the internet but can only find information about inter-generational transfers. Thanks in advance for ... Continue Reading
