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Where Taxpayers and Advisers Meet

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by darthblingbling
Thu Mar 14, 2019 7:35 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on previous primary residence
Replies: 4
Views: 123

Re: CGT on previous primary residence

Yes, but likely you would get principal private residence relief for a big chunk of the gain, of not all depending one when you do eventually sell.
by darthblingbling
Thu Mar 14, 2019 9:33 am
Forum: Savings & Investments, Pensions & Retirement
Topic: EXPAT RETURNING TO UK AFTER 22YRS
Replies: 3
Views: 89

Re: EXPAT RETURNING TO UK AFTER 22YRS

1. If you're claiming UK tax relief on the contributions then you would need a certain amount of UK relevant income. Although you can contribute £3,600 gross regardless of relevent income. 2. No, HMRC specifically disallow this as they deem to it be a corporation tax 3. Potentially, IHT isn't my spe...
by darthblingbling
Mon Mar 11, 2019 10:31 pm
Forum: VAT & Excise Duties
Topic: Separation
Replies: 6
Views: 126

Re: Separation

Sounds like you're just shifting the VAT burden onto your son?

The threshold is based on turnover, not profit.

If you're looking for a simpler VAT regime then the 718 Margins Scheme may be applicable to you if you're selling used goods. But VAT is not my speciality by a long shot.
by darthblingbling
Mon Mar 11, 2019 9:23 pm
Forum: International Tax
Topic: Non residency
Replies: 1
Views: 103

Re: Non residency

UK tax residency is based on the facts and not choice. But assuming the taxpayer could be considered non resident for the whole period of gardening leave, unless the salary from the date gardening leave began can be attributed to non UK duties, I do not see how it could escape UK tax. A treaty exemp...
by darthblingbling
Mon Mar 11, 2019 8:34 pm
Forum: International Tax
Topic: Foreign income tax relief
Replies: 7
Views: 511

Re: Foreign income tax relief

Are you actually doing any work in China?
by darthblingbling
Mon Mar 11, 2019 9:04 am
Forum: Savings & Investments, Pensions & Retirement
Topic: non domiciled remittance basis
Replies: 5
Views: 124

Re: non domiciled remittance basis

The dividends sound like they're UK sourced, so would be taxable in any scenario.
by darthblingbling
Wed Feb 27, 2019 9:02 am
Forum: Capital Gains Tax, CGT
Topic: About CGT
Replies: 2
Views: 154

Re: About CGT

Whatever the gain is when you sold/disposed of the cryptocurrency.

Note if this is a trade for you then it may be subject to income tax and not CGT.
by darthblingbling
Mon Feb 25, 2019 2:46 pm
Forum: Professionals in Practice & Industry
Topic: Delay in taking ATT membership
Replies: 1
Views: 99

Re: Delay in taking ATT membership

I believe exam passes are valid for 3 years.

Beyond this i'd wager that the student would need to resit again sorry.
by darthblingbling
Sun Feb 24, 2019 8:21 pm
Forum: Income Tax
Topic: Does ISA interest count to HICBC limit ?
Replies: 6
Views: 174

Re: Does ISA interest count to HICBC limit ?

Nowhere, adjusted net income is based on taxable income. ISA interest is exempt and doesn't even come into the calculation.

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