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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Split Year Treatment
on 22/05/2025 00:41, by PJ999

Hello All, I think I found the answer to this but I am not one hundred percent sure. (Case 6 for split year treatment?). I moved abroad mid-April for work in year 2024 to 2025 (not working or claiming benefits in the few days I was in the UK at the start of the ... Continue Reading

what determines if an asset is UK based for IHT purposes
on 21/05/2025 16:04, by simonm3

After being non-UK resident for 10 years "UK based assets" are still subject to UK IHT. The HMRC manual is a bit vague as to what that means. Is this correct?: * UK assets: UK properties; everything in an ISA or SIPP or UK bank account; any shares in UK listed ... Continue Reading

What do you fill in on next CGT return
on 20/05/2025 08:53, by Kosher

I have filed my wife's 2024/25 tax return notifying losses on two flats, after splitting the freehold into one freehold flat and two leasehold flats. When the two leasehold flats are sold do I then submit actual sales figures and costs of selling and bring forward ... Continue Reading

Inheritance Tax Enquiry
on 19/05/2025 19:58, by SPerkin71

I apologise in advance because this question has probably been asked many times before. My mother passed away recently and I am uncertain what the Inheritance Tax threshold is. The facts are these: My father died in September 2015. My mother died in March this ... Continue Reading

Disposal of mixed use property reporting requirements
on 19/05/2025 11:13, by Needhelpcgt

Hello, I'd be grateful for any help with the following: We are selling our mixed use property (residential flat and shop) for the price we paid for it, so presumably no CGT is due. However, my issue is on what I have to report for CGT and self assessment. We ... Continue Reading

Sole trader or limited company while PAYE
on 17/05/2025 20:17, by jaysix6

Hi all, After some advice please… I have a full time job (PAYE) £48,000 yearly salary. Plan 2 student loan I was thinking to start Uber during evening and weekends. From a tax point of view what would be the best route for me to take? Sole trader or limited ... Continue Reading