Scenario: U.K. tax resident (born in Dublin) - aged 74. House in Dublin (used to be rented out; now on market to be sold). Gain on sale circa 120,000 to be donated to charity. No CGT in Ireland payable as relief available but CGT payable in U.K. charity has registration ... Continue Reading
Company A lends money for less than the official rate to company B. Company B is 100% owned by a director of company A. The director is not a participator in company A and there is a legitimate reason to lend the money to company B rather than the director himself ... Continue Reading
Hi, I was living in the US for the whole of tax year 2018-2019 but I am back now. On my tax return do I just put 0 for income? Thanks for your help Continue Reading
Hi all, I’m a. It of a dummie at this kind of thing, so would appreciate any advice you might offer. Basically, I’m currently scouting for property to buy and flip ( possible build and flip). The finance is being provided by a cash rich , time poor partner. ... Continue Reading
Hi Don’t know much about IHT calculations I’m totally confused. Need to work out IHT for following Nil band rate of £325000 used up £400k house £300k cash/quoted shares £100k share in business partnership (over 2 years) £5k liabilities Residue to be ... Continue Reading
Hello, I'll try to keep this simple. My wife & I live with her parents in a house they own outright (no mortgage). We are in the process of having work done to the property and would like to take out a small mortgage to finish the work. Her parents are ... Continue Reading
I am a retired solicitor in Scotland. I am no longer in practice, but undertake some pro bono work for a charity of which I am a trustee. To give legal advice requires that I maintain my law society practicing certificate, which in turn means I must pay their fees, ... Continue Reading
Whilst this is not strictly a pure tax enquiry it relates to an EMI scheme I am considering setting up for my employees. I just do not know how to calculate the number of shares to award my employees. I have read a lot about how the schemes operate but not much ... Continue Reading
