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
I have add EV charger installed at a Rental property is it Capital Expenditure or income tax cost against Rental income? Continue Reading
Hi all, So I’m currently in the process of purchasing a property at £729,000 under a single Freehold Title which is of mixed-use. It consists of: 2 x 1 bedroom holiday flats (2nd floor) 1 x 3 bedroom flat below that (1st floor) 1 x annex to the rear with ... Continue Reading
Hi all, I was a property landlord but have now sold up... Due to some refunds for property insurance that were paid for in the 24/25 tax year, my expenses in the 25/26 tax year are negative by a small amount. Unfortunately I don't seem to be able to enter a negative ... Continue Reading
My mum died with nothing left in the estate other than a buy to let of which I was joint tenant, and which reverted to me by survivorship. My sibling did not benefit from any cash via the estate, though their home was also jointly owned with mum and is now theirs. ... Continue Reading
Hi All, My wife started working as a sole trader last year after after the business she was working at closed. She now works as a barber 1 day a week in a friends salon. She travels to the salon in her own car that she has owed for many years. Can anyone advise ... Continue Reading
