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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Is this allowed??!
on 24/06/2021 11:50, by BunsterBun

Hi, I'm hoping someone can help me! My husband has a VAT registered gardening business, and I work for him as an employee. He often buys plants and trees for customers. He reclaims VAT on these purchases and obviously charges VAT on these items when he sells ... Continue Reading

How to keep records
on 24/06/2021 11:26, by ohdearme

Dear me I am retired and still haven't got it. I have been keeping records on Excel. I am not sure about this but I have been trying to keep separate records for Me,my wife and joint, ( eg buildng soc accounts. Am I doing this properly? What would you suggest. ... Continue Reading

Personal allowance/BR code on pension
on 23/06/2021 21:51, by GP1

Hi, I stopped working in month 9 and took my pension from month 10. The BR code has been applied since month 10 to my pension income. Am I right in thinking that the personal allowance code (1275) should be applied to my pension (only source of income) from ... Continue Reading

IHT: family home gift from one divorced parent
on 23/06/2021 14:13, by bearer

Hello all, sorry my first contribution to the community is not a selfless one. Parents bought home in 1997 by joint tenancy. Divorced 2003 and father moved out and gifted his equity to 2 children, retained no benefit. Mother proceeded to live and pay mortgage ... Continue Reading

Implications of interest free loan
on 23/06/2021 10:39, by Rows Mum

Hello If I make an interest free loan (repayable on demand) to my child to assist with a property purchase, is the interest which I've decided not to charge a gift for IHT? If so, how do HMRC determine the value of this gift? Thank you RowsMum Continue Reading

Holiday Let Purchase from Investments
on 23/06/2021 06:10, by gdall

Hello I have investments (general investment account - stocks and shares) - can I purchase a holiday let property with this and it remain as an investment - rather than declaring that stocks and shares investment as closed/capitalised and paying capital gains ... Continue Reading

Marriage Allowance Transfer
on 22/06/2021 16:04, by emmylou67

Looking for a bit of help here. My income for the last couple of years has been just below the tax paying rate (around the £12,000 mark) whilst my husband has been around £30,000. I tried to apply for Marriage Allowance but i've been told that i don't qualify ... Continue Reading

Transfer Saving to UK
on 22/06/2021 13:13, by chantaiman

Hi there, as I have moved to the UK from Jan 2021 and would like to transfer my saving to the UK from Hong Kong. May I know any tax i will need to pay? Thank you so much🙏🏼 Continue Reading

ICPA Chairman Tony Margaritelli discusses 3 topics centred around October, including: 1. HMRC Furlough Fraud & Fighting For Your Clients, 2. Think About Yourself, 3. Are You a HMRC Customer.