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Where Taxpayers and Advisers Meet

Search found 832 matches

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by AGoodman
Mon Sep 23, 2019 10:44 am
Forum: Income Tax
Topic: Income in Britain taxed in Germany?
Replies: 1
Views: 48

Re: Income in Britain taxed in Germany?

It will likely work on the basis that you will be taxed in both countries but hopefully be able to set off one country's tax against the other's on the basis of either domestic law ("unilateral relief") or the double tax treaty between the two countries. Effectively you would be paying the highest r...
by AGoodman
Mon Sep 23, 2019 10:24 am
Forum: International Tax
Topic: Dual tax resident - selling a UK property... CGT!
Replies: 1
Views: 152

Re: Dual tax resident - selling a UK property... CGT!

Probably not - Art 13(6) of the UK/Spain double tax treaty (you can google it) "6. Gains from the alienation of any property other than that referred to in paragraphs 1, 2, 3, 4 and 5 shall be taxable only in the Contracting State of which the alienator is a [treaty] resident." (square brackets inse...
by AGoodman
Mon Sep 23, 2019 10:17 am
Forum: Capital Gains Tax, CGT
Topic: Non resident CGT
Replies: 1
Views: 64

Re: Non resident CGT

Yes
(but the rules on this point won't change in 2020. They are already in place)
by AGoodman
Mon Sep 23, 2019 10:16 am
Forum: Capital Gains Tax, CGT
Topic: CGT rate for higher rate tax payer
Replies: 1
Views: 68

Re: CGT rate for higher rate tax payer

The ER rate is 10%
by AGoodman
Mon Sep 23, 2019 10:14 am
Forum: Capital Gains Tax, CGT
Topic: Disposal of buy to let
Replies: 1
Views: 67

Re: Disposal of buy to let

Current rules still provide for the usual self assessment process and tax return.
by AGoodman
Mon Sep 16, 2019 3:23 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Trust moves abroad?
Replies: 6
Views: 246

Re: Trust moves abroad?

Probably, I understand these saving certificates are free of IT and CGT anyway.
by AGoodman
Wed Sep 11, 2019 4:51 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: House Ownership vs IHT
Replies: 2
Views: 194

Re: House Ownership vs IHT

If you transferred a share to your sons, the share transferred could fall out of IHT in 7 years time (up until then it probably won't make any difference). You would need to transfer the share and pay them a proportion of the full market rent equivalent to their share. The position maybe better if t...
by AGoodman
Wed Sep 11, 2019 4:45 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Irish Inheritance UK resident
Replies: 1
Views: 131

Re: Irish Inheritance UK resident

1.No IHT to pay - UK IHT is paid by the estate and this estate does not appear to be liable to UK IHT
2. No CGT as the executor sold the house, not you
3. Fine.
by AGoodman
Tue Sep 10, 2019 4:02 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: General (Property)  Inheritance Tax Query
Replies: 5
Views: 234

Re: General (Property)  Inheritance Tax Query

For the avoidance of doubt, I think pawncob missed the gift so the CGT base cost is based on the market value 2006 rather than probate.

If no IHT account was filed in 2008-9, and any inheritance tax is payable as seems likely, there will definitely be 10 years of interest plus possibly penalties.

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