I've had the usual letter from HMRC saying I've got to register for MTD VAT for my development company and it says my turnover last year was such that I must use digital VAT. BUT my turnover last year was zero. :!: Can I ignore digi VAT? :mrgreen: Continue Reading

My main residence, which I fully own, is worth less than £40,000. If I purchase a new house as my main residence, can I keep the old house without having to pay the 3% surcharge due to its low value? I do not own any other properties. Continue Reading

I own a house in the USA. A foreigner like me who owns a property in the USA is subject to high US inheritance tax (only $60,000 allowance). In order to bring down these taxes for my son when I die, I have arranged the following: I gift him a part of the house ... Continue Reading

Hello, A few years ago, I embarked on a private house refurbishment project for a profit. For personal reasons, I incurred substantial losses on completing the project meaning I only recovered part of what I invested and had no profit. I entered the money, on ... Continue Reading

I own a house solely in my name which I purchased approximately 4 years ago. I am now selling the property through an estate agent and have an offer from a buyer. The house has been used as a BTL and there will be a capital gain of over £25k. I understand we can ... Continue Reading

Hi Iam looking to move out of the area but iam unsure of the options/best route regarding tax. Heres my situation Bought my home in 2012. Seller's solicitor at the last minute, just before signing contracts, bomb shelled us by adding a clawback/uplift provision ... Continue Reading

I bought a dwelling for my own residence in 1987, after divorce, lived there until 2014 when I moved in with a new lady as co-habitees. It is her house exclusively by registered title. I retain exclusive my house registered title , although the house has been let ... Continue Reading

Client hasn't been reclaiming VAT paid on retained deposits. I'm aware of the looming change from 1 March 2019 meaning that VAT will be due on deposits forfeited, however can my client make a claim prior to 1 March 2019 for the previous four years? Guidance at ... Continue Reading