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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
VAT on loan write off
on 10/11/2024 08:18, by MAttu

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

UK Workdays As A Non Resident Director
on 09/11/2024 17:29, by Bobsuruncle

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

Beckham law in Spain - UK Pension Treatment
on 09/11/2024 17:19, by jomope

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

Trsnsfering shares in an LTD to daughter.
on 08/11/2024 17:48, by John A

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

UK-US Double Taxation Exemption for Inheritance
on 07/11/2024 16:31, by NonDom41

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

Non-Reporting Overseas Funds Gains and FTCR
on 07/11/2024 11:05, by PPitstop

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

shareholder funds
on 07/11/2024 06:59, by lea2024

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