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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
New Roof - expense or capital?
on 16/05/2024 17:49, by Martintaxes

Hi TWeb, I'm sure this has cropped up before but I'm struggling to find a thread. Simple question really. I have a rental property that has an old slate roof on it. The house is old, built around 1880. It is losing tiles regularly and needs a fair amount of ongoing ... Continue Reading

Tax residency
on 16/05/2024 16:36, by MarkBarber

I currently live, work and pay taxes in Switzerland. My plan is to retire later this year and return to the UK for a short period of time before permanently relocating to Spain, where I have property & hold a residency permit. The UK has a favourable tax situation ... Continue Reading

gain on life insurance policy towards pension relief?
on 16/05/2024 10:07, by siashjoe1

Hello, I have a question regarding a gain made on a foreign life insurance policy I recently surrendered my policy and received the lump sum. The gain (adjusted for TAR) will go towards my taxable income for this year Can I use this amount as part of my overall ... Continue Reading

Holdover relief claim forms
on 15/05/2024 09:10, by Brightonian

Hello, Some years ago, I sent HMRC S.260 claim forms relating to the gift of shares to a trust in 2020/21. In these circumstances it is unnecessary for the transferee to sign the forms - the signature of the transferor is all that is required. However, the trustee ... Continue Reading

Holdover relief claim forms
on 15/05/2024 09:10, by Brightonian

Hello, Some years ago, I sent HMRC S.260 claim forms relating to the gift of shares to a trust in 2020/21. In these circumstances it is unnecessary for the transferee to sign the forms - the signature of the transferor is all that is required. However, the trustee ... Continue Reading

Tax demand
on 14/05/2024 17:27, by Trist

Hello, I was sent a simple assessment calculation (PA302) dated 24/10/19 advising I owed HMRC £906.40. I challenged this immediately and was told it was being written off. Not being used to dealing with HMRC I did not take any names of the people I spoke to over ... Continue Reading

SDLT for Armed Forces 2nd home
on 14/05/2024 17:06, by Vicab

Looking for some advice please. I am a serving member of the Armed Forces and currently live in married quarters. I let my home out under a 'consent to let' on my residential mortgage and after a change of circumstances, I have just put it on the market for sale. ... Continue Reading

CGT on inherited house
on 13/05/2024 13:58, by langtonbrow

Hi - a quick question. On returning from overseas I inherited a house from my grandmother in 2004 and lived there until 2016. I have no idea how much the house was worth, but I added my wife as a joint owner. We added a conservatory and an attic conversion in ... Continue Reading