hi, i have a small ltd company that recently sold its sole property after 20 years. have done the CGT index relief calc and no CGT due. however the sale proceeds have given us about £40k cash into the accounts. we were making a loss of about (£15k) apart from ... Continue Reading
I have sold a property in the tax year 2021/22 and paid the CGT during this sale. Subsequently in the year I have made a loss in sale of shares. Would I be able to reclaim some of the CGT I have already paid. Continue Reading
Hi all, I am new to this forum. I have been living in the UK for many years and a tax resident of the UK. If I receive any cash gifts from my parents who live abroad and not UK citizens, will I be liable for any UK taxes? What are the limits for any such cash ... Continue Reading
Dear all: CGT, Late Brother’s house, intestate, self & sibling eventually ruled to inherit equally. Both UK residents & citizens. Excuse my ignorance over CGT & inheriting a house. I’ve declared & paid CGT before for Buy2Let, but not in ... Continue Reading
Hello, I was considering taking out a lifetime mortgage on my home so I can gift £80,000 each to my two daughters. This will enable them to upgrade their homes. However I have a terminal illness and there is no prospect of me surviving for seven years. If I transferred ... Continue Reading
Hi all, I've been granted some common shares in the company I work for. I'm currently UK resident and will be USA resident later this year. I believe I should file a 83(b) election and apply for an ITIN at the same time (I don't have one yet). Does that sound ... Continue Reading
I am currently working in the Middle East, have been since August 2019. Prior to leaving UK, I decided to rent out my flat through a High Street estate agent. I receive rental income minus agents fees, minor maintenance costs (as when required) undertaken by estate ... Continue Reading
The deceased left the residue in her will to a discretionary trust that she set-up during her lifetime The executors of her estate and the trustees of the trust are same. The beneficiaries of the Trust are the trustees and their adult children. The trust stipulates ... Continue Reading
