I have been offered a 2-year contract in Turks and Caicos, due to head out there in November this year. I plan to return to the UK at the end of that contract. The big draw for me is that there is no income tax in the UK. I am planning to send money back to ... Continue Reading
I can't afford to buy a property, so my parents want to gift me a rental property worth £200k (no mortgage) for me to live in for free. However, I want to know if I wanted to pay them back say £18K a year (what I pay in rent now), how would that be treated ... Continue Reading
A client transferred his former PPR to his wife some years ago for income tax purposes using a deed of trust - she was a basic rate taxpayer and he was higher rate and so she paid less tax on rental profit. However, they are now thinking of selling. The transfer ... Continue Reading
I work inside IR35 in MOJ. I don't have an umbrella company. I use an independent payment company (who is not my umbrella company) they deduct taxes and NI and £5 (each transaction) for doing this then pays money to my ltd business bank account. my ltd company ... Continue Reading
Client sold inherited farmland in 2015 with a side agreement that if the buyer was able to get planning permission and implement it (which appears to mean starting work) then she would receive an additional payment. The additional payment consists of a percentage ... Continue Reading
Hi All, My case is a little tricky and I haven't heard any similar cases to refer to. It would be extremely helpful and kind of you to give me some guides. Since mid 2017 I have been freelancing via a British agent. Because I have been in a relationship with ... Continue Reading
Hi all, A simple enough question but I can't seem to find any answer to this online (via gov.uk) or any forum post. The question is, if submitting Form SA100 (annual self assessment tax return) by post how does one find out whether it's been successfully received ... Continue Reading
Hello, I paid to have a new kitchen put into my rental property last August. The old kitchen was really old. The new kitchen is almost exactly the same, just new. Nothing fancy. I am doing my 2018/2019 tax return and want to know if I can claim any tax reliefs ... Continue Reading
