Hello I am looking to buy a company that has minimal assets but does have a brand name and formulation for a vitamin supplement. The company has a loan of 108k that it can't repay , however the lender is willing to write off the loan in exchange for being able ... Continue Reading
Hi I am a UK citizen and resident for tax purposes. I have a number of fixed deposit accounts held overseas in India (FCNR accounts). These accounts maturing on the same day and I have asked the overseas bank to consolidate and reinvest as a single deposit - this ... Continue Reading
If a non-resident director of a UK company with an NT (no tax) code plans to work a few days during a visit to the UK (e.g., checking emails rather than attending board meetings) while visiting family, would they need to apply for a Section 690 direction (I presume ... Continue Reading
Hello, I am planning my move to Spain next year to work under the Beckham law. I will be 55 years old. Originally from Spain, I have lived in the UK for over 20 years. I have a private pension and am considering the most tax-efficient way to draw down from my ... Continue Reading
Hi I have a rental property held in an LTD. I am the sole director and shareholder. The company holds a residential buy to let property. No mortgage but a loan from a connected company as a creditor. If I transfer tall he shares to my daughter at no cost, or ... Continue Reading
Hi all, I have a quick question regarding the following situation: Father and son (EU citizens) are resident in the UK. Father owns a house in California, to be inherited by his son. In the event of the former's death, does inheritance tax arise from this transfer, ... Continue Reading
Hello, I have not done a self assessment for years as I am on PAYE but I could use some help as doing one online this year. I had some old mutual funds overseas which I just sold. From what I gather they were ‘non-reporting funds’. I understand that the rules ... Continue Reading
morning, i am after some help for my fathers company. They have their end of year accounts and at the bottom it has a bit that says shareholder funds, this is around 500k. It is from retained profit so their accountant says. However they do not have this amount ... Continue Reading