This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 103 matches

Go to advanced search

by Jholm
Wed Oct 09, 2019 4:56 pm
Forum: HMRC Administration, Practices & Methods
Topic: What address to post Self assessment to from abroad when using courier?
Replies: 3
Views: 8986

Re: What address to post Self assessment to from abroad when using courier?

Is there a reason you cannot file online? Surely that would resolve your concerns?
by Jholm
Tue Oct 08, 2019 9:48 am
Forum: Capital Gains Tax, CGT
Topic: CGT on Profit from share sale
Replies: 5
Views: 8062

Re: CGT on Profit from share sale

Proceeds of 60k, less cost of 2k, less annual exemption of 12k leaves you with a taxable gain of 46k. This would be taxed at 20% so £9,200 payable. This assumes you don't qualify for entrepreneurs relief and there are no other allowable costs. You cannot split to your wife post-disposal. This would ...
by Jholm
Mon Oct 07, 2019 9:03 am
Forum: Income Tax
Topic: Expenses on other income
Replies: 4
Views: 5268

Re: Expenses on other income

Be mindful that if this income is becoming quite regular, it could be deemed self-employment, for which you could be liable to class 2/4 NICs.
by Jholm
Mon Oct 07, 2019 9:03 am
Forum: Income Tax
Topic: Expenses on other income
Replies: 4
Views: 5268

Re: Expenses on other income

Yes - you would deduct the % that you expect to be for business usage.
by Jholm
Fri Oct 04, 2019 9:38 am
Forum: Income Tax
Topic: Tax threshold 2019 ???
Replies: 3
Views: 5948

Re: Tax threshold 2019 ???

Also it depends what your tax code is. The standard personal allowance is not always applied to everyone as there may be relevant deductions or allowances in the tax code.
by Jholm
Wed Oct 02, 2019 2:28 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on shares
Replies: 2
Views: 4902

Re: CGT on shares

The dividends reinvested will count towards the cost price. Have a look at share matching rules on HMRC guidance. It can get sometimes get quite messy working out the cost pools. In a nutshell. 1. Shares in the same company bought and sold on same day will be matched together for cost purposes. Then...
by Jholm
Tue Oct 01, 2019 8:33 am
Forum: Income Tax
Topic: Partnership Tax Return - Year One
Replies: 2
Views: 4411

Re: Partnership Tax Return - Year One

I say this in the nicest way possible..... Given your misunderstanding of basic principles, please please please appoint someone to deal with the partnership and personal tax returns and do not do it yourself.
by Jholm
Mon Sep 30, 2019 9:58 am
Forum: Income Tax
Topic: Voluntary NI contribution and tax relief
Replies: 2
Views: 4304

Re: Voluntary NI contribution and tax relief

No. Paying national insurance is not an allowable expense against your income!
by Jholm
Wed Sep 18, 2019 4:25 pm
Forum: Income Tax
Topic: Bank Interest
Replies: 2
Views: 4142

Re: Bank Interest

Declare it in the year it was received, so assuming they paid it before 5/4/19, then yes...2018/19.
by Jholm
Tue Sep 17, 2019 9:17 am
Forum: Income Tax
Topic: POA
Replies: 7
Views: 3681

Re: POA

Without sight of your account, nobody can say for certain. Could be an error on the system, could be that you're reading wrong, could be you any number of things. Best bet is to just ring HMRC.

Go to advanced search