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Where Taxpayers and Advisers Meet

Search found 36 matches

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by Samson22
Tue Oct 20, 2020 7:10 am
Forum: Tax Investigations and Enquiries
Topic: Discovery assessment/enquiry question
Replies: 10
Views: 1691

Re: Discovery assessment/enquiry question

COP9 means civil settlement and immunity from prosecution. I am afraid that you are trying to understand different procedures that take usually years of training and experience to understand both their interaction or stand alone qualities. Maybe you should enrol with a tax course and you’ll manage ...
by Samson22
Sat Oct 17, 2020 5:50 pm
Forum: Tax Investigations and Enquiries
Topic: Tax-wise, am I one business or two?
Replies: 2
Views: 502

Re: Tax-wise, am I one business or two?

No any costs incurred are not offset able against your other endevour. Moreover I think if you let to family they don't allow costs to be offset either (but that might be if it's it's less than market rent). But I'm sure someone could clarify last points.
by Samson22
Sat Oct 17, 2020 4:00 am
Forum: Income Tax
Topic: Income tax on dividends
Replies: 8
Views: 742

Re: Income tax on dividends

I may be wrong but I think using the term customers is very new indeed. I don't even remember it being used 5 years ago.
by Samson22
Wed Oct 14, 2020 7:26 pm
Forum: Income Tax
Topic: Rent - Self Assessment Quick Question
Replies: 11
Views: 820

Re: Rent - Self Assessment Quick Question

Call me annoying Bd6759

But what would the situation be pre 1991 if the wife lied to there husband about there --- surely the husband would not be liable for the penalties ( assuming they had them then ) or repercussions? Sorry just I guess you could call me a geek
by Samson22
Wed Oct 14, 2020 8:56 am
Forum: Capital Gains Tax, CGT
Topic: CGT payable if i move back in to BTL property
Replies: 2
Views: 584

Re: CGT payable if i move back in to BTL property

I might be wrong but I think because you have let it out there is no way to avoid the cgt (practicably speaking). But the gain from 1995-2007 +last 9 months would be exempt
by Samson22
Tue Oct 13, 2020 5:57 pm
Forum: Income Tax
Topic: Gambling/Betting Related Query vs Individual
Replies: 10
Views: 684

Re: Gambling/Betting Related Query vs Individual

I'm no expert. But I could have sworn I read betting/gambling is exempt But if your 'income " mainly comes from it no longer is exempt.
by Samson22
Tue Oct 13, 2020 6:51 am
Forum: General
Topic: deliberate defaulters list question s
Replies: 8
Views: 863

Re: deliberate defaulters list question s

Thanks for the link. Many of those examples are easy to understand. Them talking about strong deterrent and repeated unlawful conduct ( just deliberately not paying correct amount in tax 2nd as fits that) very much seems hit or miss a day bad luck of the day can be criminal conviction rather than am...
by Samson22
Mon Oct 12, 2020 8:55 am
Forum: Capital Gains Tax, CGT
Topic: named property- capital gains tax
Replies: 5
Views: 592

Re: named property- capital gains tax

I am no expert so wait for them. However I think any capital gain since splitting is taxable but any capital gain for the 10+ years and since 2000 is exempt. But like I said wait for the experts
by Samson22
Sun Oct 11, 2020 3:27 am
Forum: General
Topic: deliberate defaulters list question s
Replies: 8
Views: 863

Re: deliberate defaulters list question s

The number of prosecutions seems to less than 5 years ago. So seems civilly is the route generally. What monetary threshold do they opt for criminal proceedings? Or is length of time more important or extent of under declaration? The legal costs? I read some case where the convicted had only to pay ...
by Samson22
Sun Oct 11, 2020 3:11 am
Forum: General
Topic: deliberate defaulters list question s
Replies: 8
Views: 863

Re: deliberate defaulters list question s

I think the loopholes should be closed first before ruining small fry comparatively. For eg of the mere handful of landlords jailed one was for 'only' 150 cgt dodges yet just locally I know of a portfolio landlord doing the non resident cgt avoiding millions literally but he will have no worries at ...

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