This may seem like a silly question but does the £12,570 tax free allowance apply to both husband and wife separately? In other words, as a couple they could each receive an annual income of less than £12,570 and not be required to pay income tax? Thank you Continue Reading
Hi there, I received a Show Cause Notice u/s 271 from IT department in last March'24 on a transaction back in 2014 . I replied to them with requested documents. The case status is still showing as 'Open'. Please could you advise me how long they keep open? Can ... Continue Reading
Hi, I made a small profit on crypto in 22/23 tax year. It is less than the personal allowance for CGT. If it is less than the CGT do you need to declare it on a self assessment? Continue Reading
I recently checked my employment history on the HMRC app and I have no employment history for ten years, despite being employed by a company and paid weekly (by bank transfer) by them. I received a P60 and payslips (it took ages to get) when I asked for them a ... Continue Reading
Hello Is there any way (legislation/tax rules) to transfer some land owned in my personal name into that of a limited company without paying cgt (if any is due) and stamp duty. Its in my sole name and I am the sole shareholder of the limited company. thanks in ... Continue Reading
Can anyone tell me if a non resident non domicile British citizen is still entitled to a UK personal allowance of £12,570 on income derived from the UK. Continue Reading
I have been using a personal credit card to make purchases for my business. I'm a sole trader. Someone has told me these credit card purchases will be treated as money into my business and therefore taxable .Is this correct? Thankyou in advance. Continue Reading
As I understand it if you become diluted below 5% as a result of a fundraise (all other criteria being met) then you can make an election s169sc to effectively crystallise the gain and ensure receipt of the BADR (formerly ER). S169sd allows the deferral of the ... Continue Reading
