Hello All, I think I found the answer to this but I am not one hundred percent sure. (Case 6 for split year treatment?). I moved abroad mid-April for work in year 2024 to 2025 (not working or claiming benefits in the few days I was in the UK at the start of the ... Continue Reading
After being non-UK resident for 10 years "UK based assets" are still subject to UK IHT. The HMRC manual is a bit vague as to what that means. Is this correct?: * UK assets: UK properties; everything in an ISA or SIPP or UK bank account; any shares in UK listed ... Continue Reading
I know it says you can't claim both,, do they mean in the same year you can't claim both? Continue Reading
I have filed my wife's 2024/25 tax return notifying losses on two flats, after splitting the freehold into one freehold flat and two leasehold flats. When the two leasehold flats are sold do I then submit actual sales figures and costs of selling and bring forward ... Continue Reading
I apologise in advance because this question has probably been asked many times before. My mother passed away recently and I am uncertain what the Inheritance Tax threshold is. The facts are these: My father died in September 2015. My mother died in March this ... Continue Reading
Hello, I'd be grateful for any help with the following: We are selling our mixed use property (residential flat and shop) for the price we paid for it, so presumably no CGT is due. However, my issue is on what I have to report for CGT and self assessment. We ... Continue Reading
Hi all, After some advice please… I have a full time job (PAYE) £48,000 yearly salary. Plan 2 student loan I was thinking to start Uber during evening and weekends. From a tax point of view what would be the best route for me to take? Sole trader or limited ... Continue Reading
My wife and I are sole shareholders and directors in Limited Company A (a consultancy trading company) plus Limited Company B (a residential property letting company). We recently acquired additional properties and income stream in Company B, and we have already ... Continue Reading
