This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 27 matches

Go to advanced search

by billypiper
Tue Mar 10, 2020 10:24 am
Forum: Income Tax
Topic: Some general advice on income tax and private pension contributions
Replies: 9
Views: 902

Re: Some general advice on income tax and private pension contributions

If you paid £ 5000 to the insurance company they would have claimed £1250 so a gross premium of £6250

Only contributions from Ltd companies can be paid gross

Is your employment pensionable ie do you contribute the maximum to that? prob not then you can use that to justify the contribution of £6250
by billypiper
Mon Mar 09, 2020 5:56 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: PPR, BTL, CGT and Trusts
Replies: 6
Views: 673

Re: PPR, BTL, CGT and Trusts

So only the increase in value whilst in the trust is available for PPR.
by billypiper
Mon Mar 09, 2020 5:14 pm
Forum: Income Tax
Topic: Some general advice on income tax and private pension contributions
Replies: 9
Views: 902

Re: Some general advice on income tax and private pension contributions

So say you earn £5000 You commit £5.000 to the pension fund to your pot So you only pay £4000 as the taxman has paid the insurance company £1,000. When you complete your tax return you will declare £5000 and the tax on that is £2000 That £2,000 tax bill is reduced by the pension contribution to £1,0...
by billypiper
Mon Mar 09, 2020 3:11 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: PPR, BTL, CGT and Trusts
Replies: 6
Views: 673

Re: PPR, BTL, CGT and Trusts

I cant see that having the trust settlor interested is relevant.

The distinction is that if there is a holdover election made, the ppr is not available.

https://www.gov.uk/government/publications/private-residence-relief-hs283-self-assessment-helpsheet/hs283-private-residence-relief-2017--2
by billypiper
Mon Mar 09, 2020 11:40 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Do I need to register for paye to pay wife's wages
Replies: 2
Views: 662

Re: Do I need to register for paye to pay wife's wages

If your are doing this for state pension/ unemployment cover then yes
by billypiper
Mon Mar 09, 2020 10:57 am
Forum: Business Tax
Topic: Tax
Replies: 2
Views: 575

Re: Tax

Accountancy Fees!!!!!!!!!!!!!!!!!!!!!!!!!!
by billypiper
Mon Mar 09, 2020 10:55 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: PPR, BTL, CGT and Trusts
Replies: 6
Views: 673

Re: PPR, BTL, CGT and Trusts

This would work before 10 December 2003 but HMRC have blocked PPR in these circumstances.

Nice try though!
by billypiper
Thu Mar 05, 2020 5:35 pm
Forum: Capital Gains Tax, CGT
Topic: Any CGT reliefs available?
Replies: 4
Views: 693

Re: Any CGT reliefs available?

You need to acquire something to roll it over into

The shops wont qualify
by billypiper
Thu Mar 05, 2020 5:34 pm
Forum: Income Tax
Topic: ATED Tax Rates
Replies: 4
Views: 411

Re: ATED Tax Rates

They did it on 5th February last year

Go to advanced search