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Where Taxpayers and Advisers Meet

Search found 4122 matches

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by pawncob
Tue Jul 16, 2019 7:35 pm
Forum: Company Taxation
Topic: CT tax and returns
Replies: 12
Views: 84

Re: CT tax and returns

Your turnover will be all invoices issued in the year, and that includes the £4900.
by pawncob
Tue Jul 16, 2019 3:31 pm
Forum: Company Taxation
Topic: CT tax and returns
Replies: 12
Views: 84

Re: CT tax and returns

If you prepared a balance sheet, did it agree? That means all debit totals agree with all credit totals.
by pawncob
Tue Jul 16, 2019 12:27 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on Property now lived in but renovated after renting
Replies: 1
Views: 54

Re: CGT on Property now lived in but renovated after renting

The gain will be time apportioned, with relief for PPR occupation/letting relief and the costs of refurbishment, so far as deductible.
by pawncob
Tue Jul 16, 2019 12:23 pm
Forum: Property Taxation
Topic: Overage and SDLT
Replies: 2
Views: 54

Re: Overage and SDLT

I assume this will be in the form of a covenant. You pay SDLT on the sale price. The covenant may (or may not) be enforced.
by pawncob
Tue Jul 16, 2019 12:20 pm
Forum: Company Taxation
Topic: CT tax and returns
Replies: 12
Views: 84

Re: CT tax and returns

As it was a debtor at 30/11, it was included in the accounts to that date.
by pawncob
Wed Jul 03, 2019 6:53 pm
Forum: Property Taxation
Topic: Tax efficient way to gift commercial property to spouse
Replies: 7
Views: 246

Re: Tax efficient way to gift commercial property to spouse

A gift now avoids any doubt as to your intentions, and no CGT involved. It also avoids any potential disputes re. B.P.R. (if applicable)
It does, however, waste your IHT allowance on death (unless you reserve enough assets to use this). If you only will estate to wife, it is of course, irrelevant.
by pawncob
Tue Jul 02, 2019 12:08 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Corbyn IHT grab
Replies: 3
Views: 178

Re: Corbyn IHT grab

We tend not to comment on statements which include either of the words "pie" or "sky".
by pawncob
Mon Jul 01, 2019 11:08 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Uk german inheritance
Replies: 6
Views: 191

Re: Uk german inheritance

Where were your parents domiciled? If it was Germany there's no UK probate involved.
by pawncob
Sat Jun 29, 2019 11:26 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Uk german inheritance
Replies: 6
Views: 191

Re: Uk german inheritance

You will need to contact a German lawyer if you wish to challenge his acts as Executor, and for advice on German IHT/Gift taxes.
by pawncob
Fri Jun 28, 2019 11:32 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: account in parents' name
Replies: 11
Views: 370

Re: account in parents' name

Any funds returned to you will be counted as a gift (unless within exemptions).

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