I am very confused by all the following and would greatly appreciate any help or experience on all the competing factors: 1. we have bought outright a home in Israel and it will be ready in about a year when we shall emigrate 2. our current personal UK residence ... Continue Reading

How should the full surrender of an offshore life insurance policy (i.e. an insurance bond) at a loss be treated by an individual tax payer? to note, the surrender was done by the original policy holder. There had been no prior chargeable events on that policy ... Continue Reading

Hi, My employer seems to have used an incorrect tax code and hence have deducted slightly less tax from my salary I was wondering if I can make some personal contribution to my pension and reduce my taxable salary to be in line with the actual tax that I have ... Continue Reading

Hi I wanted to confirm the situation regarding HMRC and penalties for the submission of tax returns. If someone files a'voluntary' tax return for previous years not requested by HMRC, my understanding is they not should be given a penalty. Interest yes on any ... Continue Reading

Hello, I am on benefits due to poor health. Years ago I did some work that resulted in very small royalties say 500 gbp a year. I wonder what I would have to do should I receive royalties again at similar small amounts. I don't know what the threshold is but ... Continue Reading

I used to think I had a basic understanding of income and CGT tax but after spending a couple of days of working out my tax position with the changes of the last few years, I'm totally brain-fogged. Doesn't take much to do that now, something to do with drifting ... Continue Reading

I think I may have made a huge error. I bought a new residence in June 2017. I then sold what had been my main residence in August 2018. I felt sure I had 12 months from selling my previous main residence to reclaim the higher rate of stamp duty that I had paid ... Continue Reading

Hi, I am a Hong Kong ethnic Chinese but acquired UK citizenship under British Nationality (Hong Kong) Act, 1990 before the UK left HK. I rarely live in the UK other than brief vacations. My nephew and nice are also UK citizens. They are educated in the UK and ... Continue Reading