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Where Taxpayers and Advisers Meet

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by kirstie.williamson@a
Wed Feb 14, 2007 5:38 am
Forum: Property Taxation
Topic: Non-resident landlord
Replies: 2
Views: 1162

<t>The gerneal rule is that if you are a non-resident landlord then your letting agent ( and if no agent then your tenants) must deduct basic rate tax ( 22%) at source from the gross rents before paying it over to you. You then file your annual UK tax returns as normal and any tax already paid over ...
by kirstie.williamson@a
Fri Jan 26, 2007 6:25 am
Forum: Property Taxation
Topic: Pre-owned assets taxation!
Replies: 7
Views: 1784

<t>I am not sure why you need to "protect" your inheritance. Is the remainder of your father's estate more than £185k which would take him over the nil-rate band - I suspect not if he is struggling to find £20k for house repairs. In this case there will be no IHT on his death anyway.<br/> I think ...
by kirstie.williamson@a
Fri Jan 26, 2007 4:09 am
Forum: Property Taxation
Topic: Pre-owned assets taxation!
Replies: 7
Views: 1784

<t>Why do you need to purchase the property ? Why not just make him a gift of £20k ? If his estate is well below the IHT threshold (£285k) then even if he died before spending it there would not be an IHT problem.<br/> <br/> Alternatively you could make him a loan which is repayable on his death. ...
by kirstie.williamson@a
Wed Jan 24, 2007 4:54 am
Forum: General
Topic: Disability Living Allowance
Replies: 1
Views: 789

Go to www.dwp.gov.uk

This will give you all the information you need.

regards

Kirstie
by kirstie.williamson@a
Thu Nov 16, 2006 6:16 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Uk Citizen , resident overseas, inherited property, tax on income??
Replies: 4
Views: 1225

<t>If you are a British, EU or Commonwealth citizen then you are entitled to claim UK personal allowances against UK source income - currently £5035. So if your gross rent before expenses is £3600 then your personal allowance will cover the income hence no UK tax due - this assumes you have no oth...
by kirstie.williamson@a
Thu Nov 16, 2006 6:07 am
Forum: Income Tax
Topic: wifes unused allowance
Replies: 5
Views: 2456

This question relates to unused married couple's allowance and blind person's allowance. You shouyld ignore this question unless you are entitled to claim either of the above. Note : MPA is only availble if either spouse was born before 6 April 1935.

KW
by kirstie.williamson@a
Tue Aug 15, 2006 5:43 am
Forum: Income Tax
Topic: Being taxed on my income
Replies: 7
Views: 1703

<t>You don't want a P38 if you are working all year round. You need to complete for P46 whcih your employer should have given you to fill in on your first day. This form will then allow HMRC to issue you with a tax code and your employer should then deduct the correct amount of tax - which if your e...
by kirstie.williamson@a
Thu Aug 10, 2006 1:31 am
Forum: General
Topic: Australian Resident paying tax on UK savings
Replies: 14
Views: 2420

<t>The point that you seem to have missed is that you are obliged to declare the interest and pay tax on it in Australia because you are resident there and as such you are taxable on worldwide income. Whether you pay tax or not on it in the UK as well is irrelevant from an Australian tax perspective...
by kirstie.williamson@a
Wed Aug 09, 2006 1:17 am
Forum: Capital Gains Tax, CGT
Topic: Gifting Property to Children
Replies: 3
Views: 1985

<t>There are lots of issues here and you need both legal and taxation advice in the UK and Spain to ensure you get things right.<br/> If the property in the UK is in your daughters' names then you cannot receive the income stream from it - it will belong to your daughters and they will have to pay U...
by kirstie.williamson@a
Wed Aug 09, 2006 1:08 am
Forum: Income Tax
Topic: offshore employment
Replies: 5
Views: 1419

<t>Where do you go on your days off ? Do you return to Croatia or do you live somewhere else ?<br/> It sounds as though your employer should be operating an NT code ( No tax) for you. However, you are likely to be liable to tax on the income in your country of residence. <br/> You would need to appl...

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