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Where Taxpayers and Advisers Meet

Search found 4109 matches

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by pawncob
Tue Jun 25, 2019 10:31 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: account in parents' name
Replies: 5
Views: 97

Re: account in parents' name

Obviously it was easier for your parents to arrange a UK deposit account, rather than you trying to do so from a foreign country :roll:
If you declare the interest, I think it will confirm the position.
by pawncob
Mon Jun 24, 2019 4:55 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: account in parents' name
Replies: 5
Views: 97

Re: account in parents' name

I'd guess the intent was that your parents were investing this on your behalf, and were merely acting as agents (bare trustees) for you. Depending upon the amounts involved and who declares the interest to HMRC, you should be OK.
by pawncob
Thu Jun 20, 2019 5:21 pm
Forum: VAT & Excise Duties
Topic: MTD postponement
Replies: 9
Views: 556

Re: MTD postponement

Having agreed with HMRC that a client DOESN'T have to register for MTD , I have now been passed a letter inviting them to join MTD ASAP voluntarily. Which part of "Not Interested" don't they understand? And today an email from HMRC extolling the virtues of MTD, and using a butchers in Dorset to illu...
by pawncob
Tue Jun 18, 2019 12:30 pm
Forum: Property Taxation
Topic: Overages
Replies: 2
Views: 111

Re: Overages

S.O.P in many developments.Always CGT.
by pawncob
Tue Jun 18, 2019 12:26 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Higher Rate Reclaim
Replies: 1
Views: 63

Re: Higher Rate Reclaim

On the face of it, there's no reason why not, but it may be that HMRC claim that it's a linked purchase.
https://www.gov.uk/guidance/sdlt-linked-purchases-or-transfers
by pawncob
Sat Jun 15, 2019 5:44 pm
Forum: General
Topic: New kitchen tax deductible?
Replies: 6
Views: 184

Re: New kitchen tax deductible?

Yes
by pawncob
Fri Jun 14, 2019 5:38 pm
Forum: General
Topic: SATR - Deduction in March but repair in May.
Replies: 8
Views: 181

Re: SATR - Deduction in March but repair in May.

If you suffered the deduction in 2018/19 then it's allowable in that year.
by pawncob
Fri Jun 14, 2019 12:52 pm
Forum: Capital Gains Tax, CGT
Topic: bought new house and now selling current home
Replies: 5
Views: 158

Re: bought new house and now selling current home

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg65003
by pawncob
Fri Jun 14, 2019 12:37 pm
Forum: Income Tax
Topic: Divide tax debt between spauses
Replies: 2
Views: 98

Re: Divide tax debt between spauses

The debt is yours alone. If your wife wishes to pay half, then you must make arrangements for this in the settlement.
by pawncob
Thu Jun 13, 2019 11:49 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Share in bungalow question
Replies: 1
Views: 169

Re: Share in bungalow question

Is this the same bungalow you developed back in 2013? if so, a full disclosure of the history might help contributors.

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