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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Rolling over call options
on 04/12/2024 11:44, by eggsnbacon

Hello. If I want to sell a call option expiring, for example, in January 2025, and at the same time buy a replacement expiring in January 2026, I'm guessing that CGT is payable on any profit on the January 2025 call - or is there an equivalent to the bed & ... Continue Reading

Which tax year to pay CGT on crypto
on 04/12/2024 10:47, by CaroleJ

Hello, I hold a small amount of crypto and with the recent bull run will be hoping (no guarantee!) to take several thousand pounds in profit for the first time in 2025. It will also be the first time I incur CGT. I'm self-employed with a small business and use ... Continue Reading

Property sideways loss relief
on 03/12/2024 14:28, by Wildtypitch

Hello. I've been renting and submitting self assessment tax returns on my rental income for a number of years. In 2023 I decided to do up my property as it was in need of repair and replacement. I did this myself which resulting in a year where it was of the ... Continue Reading

Transfer property into LLP
on 02/12/2024 17:27, by TheTaxMan_

Hello, I'm new on this forum - this is my first post :) I have a new client with a property business consisting of around 10 properties (a mix of residential and commercial). The background is as follows: 1. The property business was owned 50/50 by husband and ... Continue Reading

Tax on pension from Denmark
on 02/12/2024 12:47, by helg58

Am seconded to work in Denmark, deregistered with HMRC, sully taxable in Denmark, I can get my pension pot from there taxfree once I leave the country to return to UK. What tax - if any - would I have to pay in UK> Continue Reading

Quick Succession Tax
on 01/12/2024 20:31, by Hollypolly

My partner died recently, we weren't married or in a Civil Partnership but we would have been if I had realised the implication of this in dealing with his estate. I have only just foud out about Quick Succession Tax. He was one of the beneficiaries in his late ... Continue Reading

Replacement business property on AIM shares
on 25/11/2024 19:28, by probate_slave

IHT412 and its notes seem very quiet on the subject of replacement property. Here's a scenario from my mother's estate: 18 months before her death, shares in qualifying AIM company A (already held for 10 years) are sold for £30k. Shares in AIM company B are immediately ... Continue Reading