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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Please help
on 24/05/2019 21:32, by sunny2016

Hey I looked for an appropriate forum but was unable to find one so here it goes. I gifted close to 400k in cash to our son and daughter for their deposit for a new house. This was mid last year a gift from me and their mother. I'm filling in a self-assessment ... Continue Reading

Offshore assets transfered to a UK Trust via an aunt
on 24/05/2019 17:49, by kebata

I am an non dom resident in UK with a holiday flat in Hong Kong which I am proposing to sell and declare the Capital Gain to HMRC. The residual value of the sale I intend to pass to my grandchildren by setting up two UK trusts whereby I gift in Hong Kong a share ... Continue Reading

Logic Query re Taxatuon of Pension Income
on 24/05/2019 14:11, by Claudius

How is it that the state pension is always paid gross without any reference to ones tax situation, but the same doesn't seem to apply to pension income paid via an established annuity? I am told the annuity provider will tax at source, or may just contact HMRC ... Continue Reading

Not fit for purpose
on 24/05/2019 12:10, by pawncob

It's Friday, so it's time for a bitch about HMRC. I submitted my tax return on 25th April, together with a return for 'er indoors. Tax calculated and agreed. Today I received reminders from HMRC in respect of both returns asking me to submit the returns as soon ... Continue Reading

Shares passing to spouse by survivorship
on 24/05/2019 09:59, by Brightonian

I am hoping that someone can confirm my understanding. If a share portfolio passes to a spouse by survivorship, the spouse acquires each holding at their probate value. The shares are added to the spouse's pool and subsequent sales are taken from this pool, made ... Continue Reading

Accruals Basis Accounting and Timing of Quotes
on 24/05/2019 08:45, by solange

Hi Hoping someone can help. I have buy to let properties and I am just doing my self assessment. I account using the accruals basis. I have a property that needs a new kitchen but also ceiling repairs. I do have an inspection report from my letting agent, carried ... Continue Reading

Tony Talks - 

ICPA Chairman, Tony Margaritelli discusses MTD Changes re Statement and Petty Cash, PII Renewals for ICPA Members and takes a look back at Accountex in his latest in practice blog.