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Where Taxpayers and Advisers Meet

Search found 16 matches

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by kevincab
Fri Jan 31, 2020 8:04 am
Forum: Income Tax
Topic: Junior SIPP
Replies: 1
Views: 288

Junior SIPP

Hi all, I have a question in regards of SIPP:

I make the contribution GBP6200 to my personal SIPP and I also contributed GBP2880 to my son's Junior SIPP. I want to confirm whether I can claim both contribution in my tax return.

Many thanks.
by kevincab
Thu Jul 25, 2019 7:39 am
Forum: Income Tax
Topic: Foreign income
Replies: 2
Views: 6219

Foreign income

Hi all, I have earned GBP33,000 in UK during 2018 and transfer it to my overseas account in Dec 2018. In July 2019, I remit this GBP33,000 back to my UK account. I want to know whether HMRC will classify it as the foreign income and tax me again. As I am a non domicile UK resident and the GBP33,000 ...
by kevincab
Wed Jan 10, 2018 8:25 am
Forum: Income Tax
Topic: EIS loss relief
Replies: 0
Views: 833

EIS loss relief

Dear all, I invested in EIS-eligible Ltd in the tax year 2016/17 and unfortunately the company went to liquidation with zero value to shareholders in the tax year 2017/18. I understand I need to claim EIS loss relief in tax year 2017/18 but I want to know whether I can access it earlier - is there a...
by kevincab
Wed Nov 29, 2017 7:43 am
Forum: International Tax
Topic: UK Domicile status
Replies: 1
Views: 491

UK Domicile status

Dear all, I have doubts about the my domiciled status. I'm the UK citizen but I was born in Hong Kong. I did not live in UK since I was born and will go to work in UK on next year. I want t o confirm whether I will automatically become UK domiciled person when I start working in UK. I have no intent...
by kevincab
Wed Nov 29, 2017 7:43 am
Forum: Income Tax
Topic: UK domicile status
Replies: 2
Views: 1476

UK domicile status

Dear all, I have doubts about the my domiciled status. I'm the UK citizen but I was born in Hong Kong. I did not live in UK since I was born and will go to work in UK on next year. I want t o confirm whether I will automatically become UK domiciled person when I start working in UK. I have no intent...
by kevincab
Mon Aug 21, 2017 10:23 am
Forum: Income Tax
Topic: Non resident director of the UK company
Replies: 1
Views: 1245

Non resident director of the UK company

Hi all, I am quite confuse of my UK tax liability and need help, many thanks. I am the UK citizen but left UK and becomes non UK resident since 2010. In 2016, I become the "overseas director" of a UK company and I did not receive any income from this UK company (I receive some overseas income during...
by kevincab
Tue Apr 11, 2017 3:11 am
Forum: Income Tax
Topic: Capital loss of the convertible loan to a EIS company
Replies: 3
Views: 2372

Re: Capital loss of the convertible loan to a EIS company

Many thanks Anthony, your answer is really helpful.
by kevincab
Mon Apr 10, 2017 2:48 am
Forum: Income Tax
Topic: Capital loss of the convertible loan to a EIS company
Replies: 3
Views: 2372

Re: Capital loss of the convertible loan to a EIS company

Anyone got any ideas? Many thanks.
by kevincab
Thu Apr 06, 2017 3:33 am
Forum: Income Tax
Topic: Capital loss of the convertible loan to a EIS company
Replies: 3
Views: 2372

Capital loss of the convertible loan to a EIS company

Hi all, I have a questions in regards of the capital loss of the convertible loan. I have made a £44k loan to a Company (which is qualified as a Enterprise Investment Scheme company) and the Company subsequently repaid £4,000 back to me and leaving a balance of £40K at liquidation (the Company has n...
by kevincab
Tue Sep 08, 2015 2:40 am
Forum: Income Tax
Topic: Loan interest
Replies: 5
Views: 1122

Re: Loan interest

Many thanks for the response. 1. The interest is in the arm's length 2. The company is a non resident company and it has joined the non resident landlord scheme so no tax needs to be withheld 3. No tax of the interest is withheld at the moment. Are there any forms that the company needs to submit fo...

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