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Where Taxpayers and Advisers Meet

Search found 4322 matches

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by pawncob
Mon Jul 06, 2020 12:32 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: probat requirment
Replies: 1
Views: 238

Re: probat requirment

Joint assets don't require probate, but sole assets may require it. Depends on the asset and attitude of asset holder. Some banks do, others don't.
https://www.gov.uk/applying-for-probate
by pawncob
Wed Jun 10, 2020 8:59 pm
Forum: Capital Gains Tax, CGT
Topic: CGT 30 day form
Replies: 18
Views: 1690

Re: CGT 30 day form

https://www.gov.uk/government/collections/self-assessment-helpsheets-capital-gains

and SA108 may help
by pawncob
Tue Jun 09, 2020 10:35 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gifts
Replies: 1
Views: 386

Re: Gifts

Start date of IHT.
by pawncob
Sun Jun 07, 2020 6:03 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Difference between loan and gift
Replies: 10
Views: 753

Re: Difference between loan and gift

You're getting paranoid. Gifts aren't investigated by HMRC . Exec makes a return, and that's it.
by pawncob
Sat Jun 06, 2020 6:14 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Difference between loan and gift
Replies: 10
Views: 753

Re: Difference between loan and gift

Do they add up to £20k? OK then.
by pawncob
Sat Jun 06, 2020 3:55 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Difference between loan and gift
Replies: 10
Views: 753

Re: Difference between loan and gift

No. The repayments are sufficient evidence.
by pawncob
Sat Jun 06, 2020 12:44 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Difference between loan and gift
Replies: 10
Views: 753

Re: Difference between loan and gift

A simple loan agreement should suffice.
by pawncob
Sat Jun 06, 2020 12:42 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on property
Replies: 2
Views: 244

Re: CGT on property

https://www.taxationweb.co.uk/forum/viewtopic.php?f=4&t=54103&p=198864&hilit=letting+as+business#p198864
by pawncob
Tue Jun 02, 2020 11:32 am
Forum: Property Taxation
Topic: Selection of cost method for CGT calculations
Replies: 4
Views: 606

Re: Selection of cost method for CGT calculations

https://www.gov.uk/government/publications/land-and-leases-the-valuation-of-land-and-capital-gains-tax-hs292-self-assessment-helpsheet
by pawncob
Tue Jun 02, 2020 11:26 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Replacement Business Relief (BR or BPR). How much evidence needed?
Replies: 1
Views: 484

Re: Replacement Business Relief (BR or BPR). How much evidence needed?

No evidence is required for the claim. If HMRC ask for it, then you have sufficient detail.

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