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Where Taxpayers and Advisers Meet

Search found 33 matches

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by taxbill
Tue Aug 13, 2019 11:54 am
Forum: International Tax
Topic: UK taxation of USA pensions
Replies: 4
Views: 11951

UK taxation of USA pensions

My client has heard that her 2 USA pensions are not subject to tax in the UK per a treaty agreement.
Is she correct.
She is UK resident.
Many thanks to anyone who replies.
by taxbill
Tue Nov 04, 2008 5:12 pm
Forum: International Tax
Topic: UK resident working overseas - allowable expenses ?
Replies: 0
Views: 394

UK resident working overseas - allowable expenses ?

Following a question posed about the tax position when returning from Dubai after a few months working over there, the enquirer was told that he would simply have to pay tax on his earnings out of the country as he had not been out of the country for a full tax year. I wondered if there were any cos...
by taxbill
Thu Oct 16, 2008 3:01 pm
Forum: Capital Gains Tax, CGT
Topic: CGT annual exemption
Replies: 1
Views: 638

If a husband has a gain of 10,000 from the sale of shares in his company share save scheme and his annual CGT exemption for 2007/8 is 9,200, can he use part of his wife's annual exemption to negate any tax liability on the additional 800 gain.

Bill
by taxbill
Tue May 27, 2008 4:05 am
Forum: Business Tax
Topic: Entrepreneurs Relief - complication - rented flats
Replies: 1
Views: 470

<t>An individual shareholder who has held shares in a Property Factoring company for 10 years wishes to sell his shares and take advantage of entrepreneurs relief. In addition to the normal trading income from factoring the company also owns a number of flats which are rented out. The capital value ...
by taxbill
Fri May 23, 2008 5:56 am
Forum: International Tax
Topic: Tax position of non resident bringing money into the UK
Replies: 0
Views: 589

<t>A Uk non resident intends to move savings from overseas investments back to the UK while still non resident. Apart from his liability to tax on the interest he earns in the UK on the savings, are there any other tax implications of transferring the monies to the UK.<br/> Someone mentioned the rem...
by taxbill
Mon Mar 10, 2008 8:29 am
Forum: International Tax
Topic: Liability to UK Capital Gains Tax.
Replies: 2
Views: 571

<t>John is a UK national. He has been non resident in the UK since May 2003.He works in the Far East. In 2007 he buys some US shares. Their value increases and now he considers taking the gain (say £50,000). <br/> Does he have any liability to UK capital gains tax and if so does delaying the taking...
by taxbill
Tue Feb 19, 2008 7:52 am
Forum: Income Tax
Topic: tax relief on personal pension contributions for non residents
Replies: 1
Views: 1196

Can you effect a personal pension policy in the UK whilst non resident and still get tax relief or does the policy have to be in force prior to you leaving the UK to qualify for the tax relief.

Bill
by taxbill
Tue Jan 29, 2008 8:49 am
Forum: Income Tax
Topic: Non Resident termination payment
Replies: 1
Views: 635

<t>Leasing client of mine has worked abroad for over 5 years as a UK non resident employed by a UK company.<br/> He is now leaving the company and will receive a 6 month termination payment. Are there any Uk tax implications. <br/> In other words would the revenue consider this payment as work under...
by taxbill
Mon Jan 28, 2008 3:44 am
Forum: Capital Gains Tax, CGT
Topic: transfer between spouses
Replies: 1
Views: 809

<t>My wife owns a flat (buy to let) in her own name. In order to make use of both her and my annual CGT allowance - does she have to legally include me in the title of the property prior to sale or can we just claim the profit as split between us. There is something in the back of my mind that the r...
by taxbill
Fri Jan 04, 2008 6:40 am
Forum: Income Tax
Topic: Is loan interest relief available on loan to buy company shares.
Replies: 1
Views: 566

I borrowed money to buy shares in the company for which I work. Is tax relief available on the interest I pay and if so how does it work.
Hope someone can help.
Bill

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