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 108 matches

Go to advanced search

by Jholm
Mon Mar 09, 2020 4:35 pm
Forum: Business Tax
Topic: Tax
Replies: 2
Views: 391

Re: Tax

Beat me to it
by Jholm
Mon Feb 17, 2020 3:36 pm
Forum: Business Tax
Topic: Capital allowances
Replies: 2
Views: 664

Re: Capital allowances

Surely the disposal proceeds go into the equation and a balancing allowance/charge arises? New car gets put into either the same or a new pool depending on the details of it.
by Jholm
Mon Feb 17, 2020 3:34 pm
Forum: Business Tax
Topic: Can I claim for storage in my garage
Replies: 2
Views: 518

Re: Can I claim for storage in my garage

What costs do you propose that you are incurring by putting some tools in your own garage?

Without reasonable argument, I'm leaning to 99.9% no.
by Jholm
Fri Feb 14, 2020 5:17 pm
Forum: Income Tax
Topic: Self employed
Replies: 2
Views: 389

Re: Self employed

Did you hear that from someone in the pub?
by Jholm
Fri Feb 14, 2020 5:10 pm
Forum: Property Taxation
Topic: Pre-trading expenses
Replies: 1
Views: 315

Re: Pre-trading expenses

Possibly but a breakdown and more detail would be needed. For a furnished holiday letting (assuming it qualifies for tax purposes), you can claim capital allowances. I would strongly advise you appoint someone to act for you. It could save you thousands.
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: 12025

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: 10380

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: 6640

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: 6640

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: 7533

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.

Go to advanced search