If a parent sells their house because they move in with a new partner and gifts the money to children, the children spend some time thinking on what to do with it but it sits in a bank for 6 months unused. The parent's circumstances change (relationship fail) and ... Continue Reading
Hi All, I have been advised that using an LLP company is more beneficial to me then using my LTD company. Can you tell me the tax implications of setting up an LLP and transferring all my LTD company accounts to the LLP? I have company loans and accounts in ... Continue Reading
Hi, I have had an offer accepted for a BTL property that I wanted to co-buy with my 20-year old student daughter. The mortgage broker says it is difficult to get her accepted, as she is not working. The alternative is therefore to buy in my sole name and get a ... Continue Reading
Hello, I would like to know if it would be possible for my father to request hmrc for untilateral relief for tax paid on a foreign pension. This is between the UK and Italy. Under the rules of the tax treaty the UK has the right to tax the pension. The italian ... Continue Reading
Hello, I have a question about the rule regarding being deemed domiciled if resident in the UK for 15 of the last 20 years. a) does the residency mean tax resident or just resident? b) does it apply just to inheritance tax or also income and capital gains tax? Many ... Continue Reading
I am thinking of trying to boost my income by selling online. I am unsure about how and what tax I would be expected to pay if I did this. I am also currently employed and earning a salary of approx 21,000 gross so around 18,000 net which gets taxed accordingly. ... Continue Reading
My mother bought a rental property 15 years ago, and put me and my late husband as joint tenants with her. She put all the money into it (mortgage payments and later mortgage fully paid off from her capital) and has received all the rental income in full. She had ... Continue Reading
I employ a two surveyors and our main work is land surveying and movement monitoring (over 95% of our work), we are occasionally asked to set out a house or road for a client (less than 5% of our work), are we still exempt from CIS deductions for the setting out ... Continue Reading
