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Where Taxpayers and Advisers Meet

Search found 26 matches

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by robertiac1
Sat Dec 08, 2018 10:58 am
Forum: Income Tax
Topic: Resident or Not Resident? Resumed work in UK on 1st April
Replies: 0
Views: 375

Resident or Not Resident? Resumed work in UK on 1st April

A close relative works for the London office of a Swedish company and has done so for several years. He resigned to work full time in Sweden for the same company for a year to provide cover for parental leave, and his contract ran from 15th March 2017 to 31st March 2018. He resumed employment with h...
by robertiac1
Sat Dec 08, 2018 10:49 am
Forum: Income Tax
Topic: Problem with Foreign Tax Credit Working Sheet and Self Assessment
Replies: 6
Views: 706

Re: Problem with Foreign Tax Credit Working Sheet and Self Assessment

Thank you for you help - much appreciated. For me it is a very daunting form indeed!
by robertiac1
Fri Dec 07, 2018 9:21 pm
Forum: Income Tax
Topic: Problem with Foreign Tax Credit Working Sheet and Self Assessment
Replies: 6
Views: 706

Re: Problem with Foreign Tax Credit Working Sheet and Self Assessment

Thank you for the reply. That is disappointing but fortunately the Swedish tax on the rental income was low. I hope the UK dosen't have primary taxing rights on the Swedish employment income (which my understanding is that this has to be declared on the UK self-assessment) so would FTCR be due on th...
by robertiac1
Fri Dec 07, 2018 5:10 pm
Forum: Income Tax
Topic: Problem with Foreign Tax Credit Working Sheet and Self Assessment
Replies: 6
Views: 706

Problem with Foreign Tax Credit Working Sheet and Self Assessment

In Tax Year 2017-2018 my daughter left the UK to work in Sweden for 9 months, and then returned to the UK and resumed employment here. While she was away she rented her UK house to tenants. At the end of calendar year and Swedish tax year she had to do a self-assessment and she paid tax to Sweden on...
by robertiac1
Tue Dec 04, 2018 7:47 pm
Forum: Income Tax
Topic: Self Assessment After Working Abroad for Part of the Tax Year
Replies: 2
Views: 280

Re: Self Assessment After Working Abroad for Part of the Tax Year

Thank you very much for your help - I think that has sorted out my daughter. I am sorry to ask a followup, but with respect to my son-in-law his Swedish contract ran from 15th March 2017 to 31st March 2018 and he resumed work with his UK branch on 1st April 2018. During the UK tax year 2017-2018 he ...
by robertiac1
Fri Nov 30, 2018 7:13 pm
Forum: Income Tax
Topic: Self Assessment After Working Abroad for Part of the Tax Year
Replies: 2
Views: 280

Self Assessment After Working Abroad for Part of the Tax Year

My daughter has asked me for help. My Son-in-Law worked a full UK tax year in Sweden at the request of his employer, and my daughter worked 8 months in Sweden and 4 Months in the UK. They jointly own a property in the UK which was rented out for 7 months. They notified HMRC of this before they left ...
by robertiac1
Sat Aug 18, 2018 12:49 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Annual Interest and Dividends on Investment Bond
Replies: 1
Views: 416

Annual Interest and Dividends on Investment Bond

Apologies as this is a very naive question. My wife's aunt has a investment bond (Standard Life International Bond). Since moving into a care home her flat has been rented out, and an accountant does her self-assessment, and the rental income together with her pensions, puts her just into the 40% ta...
by robertiac1
Mon Apr 09, 2018 10:38 am
Forum: Income Tax
Topic: Taxation of UK Rental Income having worked in Sweden
Replies: 1
Views: 336

Taxation of UK Rental Income having worked in Sweden

A year ago I posted the scenario that my son-in-law and daughter were going to be working in Sweden for a year, and renting out their home in the UK to tenants. This has happened and they paid Swedish tax on their Swedish income. They registered for self-assessment in the UK, and got the excemption ...
by robertiac1
Tue Aug 08, 2017 12:39 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: HMRC Corrective Account and Increase in Outstanding Mortgage During Period of Administration
Replies: 1
Views: 607

HMRC Corrective Account and Increase in Outstanding Mortgage During Period of Administration

My wife is executor for her Mother who died in February. Her Mother had taken out an equity release mortgage on her property, and for the IHT 400 the the figure for the outstanding mortgage at the date of death was obtained from the equity release company. Probate was duly obtained, and the house wa...
by robertiac1
Thu Feb 23, 2017 9:09 pm
Forum: Property Taxation
Topic: Tax Difference Short Term Tenancy versus Furnished Holiday Let
Replies: 2
Views: 725

Re: Tax Difference Short Term Tenancy versus Furnished Holiday Let

Thank you very much indeed for your kind and helpful reply. I feel reassured.

Robert

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