Hi, I am originally from Italy but resident and domiciled in the UK since many years. I recently received a 90k sum from my parents to help buying a property. This came from their regular savings and was processed via international bank transfer. I am not sure ... Continue Reading

Hi forumites, I'm new here, and I'd be very grateful for advice. Please don't take this as bragging, and please try and look past the figures, purely at financial implications. So - here's the deal. I'm about to take voluntary redundancy after having been with ... Continue Reading

Hi, i was hoping someone with some knowledge on this subject could offer some advice. i'm slightly confused by the company car tax calculator. I was under the impression its p11d x co2% x tax bracket either 20 or 40%. If this is the case, for example a BMW 3 ... Continue Reading

Does the £3k Annual exemption plus the £3k from the previous year go in box 92 (exemptions and reliefs ...) of form IHT400? And if not, where do they go? Thanks. Continue Reading

Hello, I recently sold the assets of my sole trader business (custom software for Windows) which is no longer trading. I made 35k from the sale and 10k in profits for the year and wonder where my tax liabilities lie. My capital gains liability is likely the ... Continue Reading

Hi, I am selling my current Main residence and moving to a new Main residence on the same completion day. aka replacing Main residence. I have a second property which has been a rental property for years. It was my former home 15 years ago so had a residential ... Continue Reading

An amateur writer enters a writing competition and wins a publishing contract with advance royalties, the book to be published two years hence. Obviously, he becomes a professional writer subject to income tax but at what point does he become self-employed and ... Continue Reading

I am 70 yrs old and have owned a flat in a seaside town for 20 years, which I had intended retiring to. My buy to let mortgage term ended in March this year. I informed the lender that I was trying to sell the property and the lender increased the mortgage term ... Continue Reading