I am employed (paye) and a part time landlord. At the end of each tax year, I declare my rental income for the two BTLs I own and settle whatever tax is due. My son has now turned 16 and I would like to pay him to assist with some of the admin associated with my ... Continue Reading
Hi - I'm trying to understand the maths of comparing different ways of paying a company director with salary and dividends. All the advice that it's more tax efficient to pay £12,570 in salary and the rest in dividends, BUT, when I do the maths it suggests the ... Continue Reading
I am trying to better understand the likely UK tax classification of a Dutch UWV WIA-IVA benefit for a future UK relocation. The IVA is a Dutch state-administered long-term incapacity benefit awarded under the Dutch WIA employee-insurance framework following a ... Continue Reading
Twelve years ago, my wife and I helped our son buy a small house. The purchase was outright, i.e. no mortgage, and the three of use agreed equal one-third shares as tenants in common. Our son has been continuous and sole resident. He pays his bills, but he has ... Continue Reading
My tax question is about starting to take the new state pension and exercising the option to backdate it for 52 weeks (i.e. take in arrears). I want to know whether the one-off payment of this arrears sum is taxable when it is received (in the current tax year) ... Continue Reading
Hello, If a sole trader converts to a 2 person partnership (same trade and location, etc) on 6.4.27 (last sole trading day to be 5.4.27). Is he able to claim the annual investment allowance on plant and machinery purchased in the year to 5.4.27? i.e is this considered ... Continue Reading
Hi, For a non accountant that has a ltd company that has income solely from investing in the stock market and pays 1 director.... Can quickbooks or another product do 100% of what is required to remove the requirement of paying an accountant ( currently costing ... Continue Reading
Father had 2 homes under his name - one of which he lives in and the other he rents out as his sole income as an elderly person which pays for his family living cost. He has 2 daughters - both of which live with him. Under poor advice, he transferred a house into ... Continue Reading
