I read that from 2027 "the Government will charge customeres tax on the iterest from a Cash Holding in a Stocks and shares ISA" I am in my 80s and currently have c £150,000 Cash in my Share ISA producing c£5,000 pa interest. The money represents some excellent ... Continue Reading
Dear All, I hope this is the right forum to post this. If not please advise a better location. The situation is. Jewellery manufacturing and retail business started in 1980s as sole trader partnership. My wife and myself. My long term, but recently diseased Accountant ... Continue Reading
I am receipt of a small pension and some benefits which are taxed by PAYE. I also have some savings and these are also taxed by HMRC altering my PAYE tax code. In the 2025-26 tax year I expect to receive just under £8500 in interest on my savings. For some ... Continue Reading
Hello I am looking at renting out my main home. Figures are approx Bought for 250k in 2004 Now worth 700k Loft conversion cost 50k So if I rent it out for 5 years and value at end is 750k then Value increase = 500k - 50k capital spends (ignoring buy and sell ... Continue Reading
Hello Everyone: Firstly, I am grateful for the selfless people helping us with these convoluted taxation matters. I want to file my self assessment; primarily to report the Capital Loss made with CFDs. [list]I had made a loss of GBP 700/- on a portfolio of GBP ... Continue Reading
Hi, I help to run a local mens group where men can meet to offload any problems they have, to chat and to socialise amongst each other. We are not a registered charity and we have a bank account set up with a small balance. We would like to sell some merchandise, ... Continue Reading
I'm wondering where the following belong in my sole trader tax return: Transaction sale fees per purchase in platforms like Shopify and PayPal Domain costs and account costs (like Shopify monthly costs) Money to freelancers from EU who maintained and helped with ... Continue Reading
My client sold property Feb 2024 but did not report until June 2024. He paid penalty. Does he need to amend the 2024 Self assessment return . thank you for help and advice. Continue Reading
