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Where Taxpayers and Advisers Meet

Search found 65 matches

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by landlord1234
Fri Sep 06, 2019 12:24 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Appealing a notice of penalty assessment
Replies: 1
Views: 188

Appealing a notice of penalty assessment

Hi, I run a small business and have filed PAYE returns for the last six years. I was paying the same initial 2 employees monthly and making monthly returns. Everything was fine till the 2 staff members left. I reported that they had left and they were issued with P45 etc. I didn't realise that I had...
by landlord1234
Tue Apr 09, 2019 4:22 pm
Forum: Property Taxation
Topic: second property SDLT - new PPR.
Replies: 1
Views: 205

second property SDLT - new PPR.

Hi, Suppose someone owns only one property, purchased 5 years ago for £80,000 and now worth say £100,000 and it is their PPR. They wish to buy a second property to be their PPR for £200,000 ,but they are struggling to sell the first property and are considering refinancing it as a BTL. If they do so...
by landlord1234
Wed Feb 14, 2018 1:13 pm
Forum: Property Taxation
Topic: Council tax on furnished 'for sale' empty property
Replies: 5
Views: 599

Re: Council tax on furnished 'for sale' empty property

Yes this is supported by http://democracy.carmarthenshire.gov.wales/documents/s4876/REPORT.pdf which includes the paragraph ...... 2.2.Second Homes a. Under Council Tax law there is no such thing as a second home, but the term is commonly used to describe dwellings that are substantially furnished b...
by landlord1234
Tue Feb 13, 2018 9:40 pm
Forum: Property Taxation
Topic: Council tax on furnished 'for sale' empty property
Replies: 5
Views: 599

Re: Council tax on furnished 'for sale' empty property

> Are there any councils that actually give a discount for a second home any more?

They charge 100% for 'second homes'.

They charge 150% for 'empty and unfurnished for more than 2 years'.

So, they charge less than 150% , if that makes sense.
by landlord1234
Tue Feb 13, 2018 4:35 pm
Forum: Property Taxation
Topic: Council tax on furnished 'for sale' empty property
Replies: 5
Views: 599

Council tax on furnished 'for sale' empty property

Hi , Any comments on the following would be appreciated. Andy is sole director / shareholder of Bravo Ltd , a trading company which buys, refurbishes and sells properties. Bravo Ltd have paid full council tax on a property while it was 'empty and unfurnished' ( class C ) during refurbishment and dur...
by landlord1234
Wed Mar 08, 2017 3:13 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: AUTO ENROLMENT - Confused Employer
Replies: 2
Views: 1085

Re: AUTO ENROLMENT - Confused Employer

It isn't the potential cost that is troubling me, it is the time required to set it up and manage it. I've spent a day not running my business and working out what is required. It appears that I need to set up a scam , sorry scheme in order to pay about £70 / per year per employee , and they add £70...
by landlord1234
Tue Mar 07, 2017 4:27 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: AUTO ENROLMENT - Confused Employer
Replies: 2
Views: 1085

AUTO ENROLMENT - Confused Employer

Hi , As a small employer with 2 employees just above the threshold it appears I need to set up a pension scheme. Is this discussed anywhere on this forum , or any other ? Can anyone point me in the direction of any online information other than the pensions regulator website ? Is the NEST provider t...
by landlord1234
Thu Jan 26, 2017 6:21 pm
Forum: General
Topic: Self Assessment - viewing submitted return worksheets
Replies: 3
Views: 1989

Re: Self Assessment - viewing submitted return worksheets

Do i have to select 'Amend' to do that ?

thanks
by landlord1234
Wed Jan 25, 2017 12:36 pm
Forum: General
Topic: Self Assessment - viewing submitted return worksheets
Replies: 3
Views: 1989

Self Assessment - viewing submitted return worksheets

Hi, I submitted my Self Assessment return, and then printed off the PDF version for my records. The printed PDF file shows my CGT gains but does not include the Capital Gains Worksheet that I completed online. Is this normal ? I can't find the completed worksheet anywhere on the Self Assessment webs...
by landlord1234
Wed Jan 18, 2017 9:16 pm
Forum: Capital Gains Tax, CGT
Topic: CGT Base Cost - Gifted Deposit Discount ?
Replies: 10
Views: 2394

Re: CGT Base Cost - Gifted Deposit Discount ?

>>> Hence, if "cashback" does not derive from a capital asset there has been no disposal of an asset and hence no CGT i respect of the cashback. So, does that imply that the "cashback" was received at time of purchase and no CGT was due , but property was bought for £100,000 and that is the base cos...

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