This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
When CGT declaration required tax/years 19/20 & 20/21
on 26/02/2020 10:55, by rab_c_nesbitt

Bought a property, rented out, Scottish Highlands, cheap, £32k in 2000. Sold this tax year, Date of entry 21/02/2020, £105k (3 beds, views of sea lochs, mountains, within 50 mtrs of stream). Various buying and selling expenses: 1st time ever selling a house ... Continue Reading

Transferring rental income to spouse
on 26/02/2020 07:14, by Dev_1

Morning, Is it possible to transfer rental income to spouse via a declaration of trust?. If so any suggestion how one should read & how is it defined for how long my partner would be entitled to the rent. Would we be able to state this I.e 12 months, 18 ... Continue Reading

Business Property Relief (BPR) for an EIS investment fund
on 26/02/2020 06:40, by dominoman

I understand the rules around BPR for IHT. However you can't claim Business Relief if the business or company mainly deals with securities, stocks or shares, land or buildings, or in making or holding investments. My late father had a significant holding in an ... Continue Reading

Sole trader - What tax deduction can I count on?
on 25/02/2020 20:58, by Concious_Entrepreneur

Good evening everyone, I intend to become a sole trader (side hustle) soon but before that, I would like to educate myself in taxes, the company running cost etc. For the reason that I am here. First and for most, I have to purchase my own car. The questions ... Continue Reading

Tax Residency
on 25/02/2020 11:30, by ConcernedMum

My daughter was born in USA and has USA citizenship. Lived in UK since age 1 and has British Citizenship (certificate). Now has the tax residency letter to complete from her bank. Will she have to pay US tax on her UK earnings even though she is not US resident ... Continue Reading

Hmrc website says information correct as of 21/02/2020
on 25/02/2020 03:31, by Kwebb99

Hmrc website says information correct as of 21/02/2020 On my tax return when I click on it and today is the 25/02/2020 I’m just wondering if there’s a certain time hmrc will update the website to today’s date? So I can see the progress on my acount. Than ... Continue Reading

Tony Talks - 

ICPA 

Tony Margaritelli discusses what the 2020's will hold for Accountants in his latest in practice blog.