Hi I am the sole director and shareholder of a limited company. The company ceased trading and it was just before the 6 years time limit i realised the company had some land that had been bought still in its name. I had the company reinstated ... just in time ... Continue Reading
Hello I am giving increasing thought to restructuring my portfolio (owned privately between my wife and I) to a limited company. Seemingly to me the major barriers to this are that you must have the capital to initially facilitate the purchases by the company ... Continue Reading
Hi, My question might be a bit silly.But what is the process of transfering the asset to my spouse to use our both cgt allowances in case of selling the asset.Does hmrc needs to be informed about the transfer?Do you need any signed paper as a proof of transfer? ... Continue Reading
I have been asked for advice by a family member who is one half of a mature married couple. Each of the couple have adult children from their respective earlier marriages. Their solicitor established many years ago, mirror wills such that when one dies, the surviving ... Continue Reading
Hi All... I have a bit of a situation with some builders who gave me a quote for a job stating 'Total for Works = £7000'. I accepted the quote and then 2 weeks later they asked for a holding deposit which was for '£500 + VAT' (because it clearly stated the ... Continue Reading
Hi, We loaned our daughter £115k to purchase a property 5 years ago, no mortgage on property. She has now moved to another part of the country and wants to transfer it back to us and buy one herself with mortgage. Property is now valued at £120k, how do we do ... Continue Reading
New client owns a building from which they used to trade. They now let it but have not yet opted to tax They have also made substantial repairs and, because they did not realise they needed to opt to tax the building once they were letting it if they wanted the ... Continue Reading
I am a Newby here and terminology may not be correct so please go easy on me! I have had a large BTL portfolio split 50/50 with my wife for circa 15 years. We are highly leveraged and the new tax rules (s24) are going to make life very difficult for us so time ... Continue Reading
