wondering if anyone can advise on this. Have a Prudential investment bond , paid in 6k over 24 rears ago. no withdrawals to date and now worth 20K. If i wish to take out 10K, i believe i can carry forward an allowance of 5% on initial investment i.e 6K without ... Continue Reading
Hello I own some land in my own name , bought in 2019 and paid about 60k, can I transfer the land to a limited company without paying tax, or would stamp duty and capital gains be payable? I think the land maybe worth between 60k and 80k now. Thanks in advan ... Continue Reading
I have two questions: 1. The definition of "relevant UK earnings" set out in PTM044100 includes employment income but does not specify that this has to be UK employment income i.e. could it include overseas income (and particularly income that is paid gross overseas ... Continue Reading
Is rental income taxable at 50/50 for married couples if wife is not shown on deeds,No mortgage. thanks for help and advice Continue Reading
Hello to all. Quick question. Could I sell an asset liable to CGT and subsequently increase salary sacrifice through the remainder of the year, effectively reducing my CGT tax rate to basic rate tax? If that is theoretically possible how would it practically work, ... Continue Reading
I have got my life savings in various investments, but the Labour Party's tax and other policies don't make it worthwhile to keep the money invested for ever-decreasing returns netted by me. Therefore, my intention is to exit from those investments over a period ... Continue Reading
Hi all Looking for some tax guidance on PRR for CGT. I bought a property in 2008. My first and only property. I moved out of the property in 2010. From 2010 to 2015 I rented a property as my home as I worked away. From 2010 to 2024 the property i owned was rented ... Continue Reading
I'm a non resident British citizen. Do I have to pay tax on bank interest that I receive from a UK building society? Continue Reading
