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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Purchase of commercial vehicle (van) for home office use
on 20/02/2021 17:00, by chrisdarl

I currently live in a flat and have a baby on the way I need somewhere dedicated and quiet to work. Our flat does not have a garden, I am considering the purchase of a commercial vehicle, insulate it, and fit it with a table and my office chair as well as use it ... Continue Reading

Cessation Of Business ( Tax Clawback )
on 20/02/2021 11:53, by GANDONAS22

Partnership selling Guest House in 2021/22 tax year will have a remaining capital allowance pool and hence available allowance of circa £25,000 , Ive read this can be offset against tax liability on cessation, so the question is , please Will the (estimated) ... Continue Reading

covid forces temporary return to uk
on 19/02/2021 11:52, by Jenkins

What is the tax situation when covid has forced return to uk? usually work full time overseas (foreign company) for 8 weeks then return to Uk rented family home for 2 weeks leave on a regular basis. At start of pandemic was forced to work from UK (114 days in this ... Continue Reading

bed and breakfast rule clarification
on 19/02/2021 09:34, by marinero

I am a little bit confused about one of the consequences of the bed & breakfast rule. Am I right in thinking that if: * on day 1 I sell 100 shares making 10,000 capital gains profit * on day 5 I buy these 100 shares again for the same price I sold them (call ... Continue Reading

CGT on rented property returning expat
on 18/02/2021 23:13, by greenmark

Hi All I've a property that I've owned that has gained in value while as an expat. I want to work out when I return if it would be better to sell the home before I return and then pay CGT, or if it would be better for me to return to the home as my main residence ... Continue Reading

working days in the UK
on 18/02/2021 16:46, by zom

Hello, I'm non UK resident (working abroad). I'm trying to understand the 30 days working in the UK rule. I understand a working day is any day greater than 3 hours work, and includes charity or volunteering and travel. My international travel is greater than ... Continue Reading

Business Sale (ID Line)
on 18/02/2021 11:17, by RSMITH1066

Hello there, I am considering a sale of my business. The likely headline value for argument sake is £3 million pounds. I do have a rolling debt in the form of a factoring account so the working capital is running at say £2m. If a buyer buys the shares for the ... Continue Reading

CGT on crypto and transferring funds to sibling post sale
on 18/02/2021 01:49, by justerthetruth

Hi, My sister and I purchased a small amount of crypto around 2 years ago. I gave her £2k and she put in £2k and she purchased some coins that are now worth £23k. She is going to sell them and I believe she will have to pay CGT on the profits. Once the CGT ... Continue Reading

ICPA Chairman Tony Margaritelli discusses 3 topics centred around October, including: 1. HMRC Furlough Fraud & Fighting For Your Clients, 2. Think About Yourself, 3. Are You a HMRC Customer.