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Where Taxpayers and Advisers Meet

Search found 1417 matches

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by Lambs
Sat Sep 19, 2020 2:59 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Early year adjustment and covid
Replies: 4
Views: 508

Re: Early year adjustment and covid

L, I hope the foregoing will prove useful to you. I also hope you will get back to us in due course, to let us know if you received the repayment to which (it seems) you are entitled, or to let us know if HMRC is being "difficult". Ultimately this forum is about sharing knowledge. I suspect that the...
by Lambs
Tue Sep 15, 2020 8:56 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Early year adjustment and covid
Replies: 4
Views: 508

Re: Early year adjustment and covid

L, If I have understood your post correctly, you are saying that you have had too much income assessed (and therefore taxed at an unnecessarily high rate) because there were delays in bringing your pension 'online' and it was physically paid to you (or started to be paid) some months after the comme...
by Lambs
Tue Sep 08, 2020 10:15 pm
Forum: Capital Gains Tax, CGT
Topic: NRCGT return
Replies: 272
Views: 208006

Re: NRCGT return

Dear E,

Why, thank you. (I think)

I am quietly confident that if you are happy to put together an article summarising your key findings from NRCGT in light of HMRC's roll-out to UK residents, then it will be published on TW.

Regards,

Lambs
by Lambs
Tue Sep 08, 2020 2:56 pm
Forum: Capital Gains Tax, CGT
Topic: NRCGT return
Replies: 272
Views: 208006

Re: NRCGT return

Conduit? Is that what I am..?

;)
by Lambs
Tue Sep 08, 2020 12:01 pm
Forum: Capital Gains Tax, CGT
Topic: CGT 30 day form
Replies: 29
Views: 3692

Re: CGT 30 day form

"The only thing less well-publicised than the new residential property CGT disclosure regime is..."

We should hold a competition.

Regards,

Lambs
by Lambs
Mon Sep 07, 2020 11:32 am
Forum: Capital Gains Tax, CGT
Topic: CGT 30 day form
Replies: 29
Views: 3692

Re: CGT 30 day form

Dear All, Haven't they said that they can now do multiple disposals online? https://www.gov.uk/guidance/managing-your-clients-capital-gains-tax-on-uk-property-account "If your client sells or disposes of any further properties in the tax year you should use this service to report the Capital Gains T...
by Lambs
Wed Aug 26, 2020 6:38 pm
Forum: Income Tax
Topic: Gift from line manager
Replies: 1
Views: 456

Re: Gift from line manager

C, I think if you ask HMRC the answer will automatically be that it arises from your employment and should therefore be taxable. However, I believe there is an outlier tax case, whereby an employer made a substantial gift to a former employee purely out of the esteem in which he was held. It caused ...
by Lambs
Mon Aug 03, 2020 12:25 am
Forum: Income Tax
Topic: Closing company down
Replies: 1
Views: 465

Re: Closing company down

G, Whoever told you to distribute the remaining capital in the form of a dividend might have good reason, but might also be a complete ignoramus. Have you actually distributed the funds yet? If not, then I strongly suggest you do not proceed until you have had proper advice (which could save you man...
by Lambs
Fri Jul 31, 2020 7:07 am
Forum: Capital Gains Tax, CGT
Topic: CGT 30 day form
Replies: 29
Views: 3692

Re: CGT 30 day form

Hi Folks,

I see that our resident waste of space has posted a News item covering this thread.

https://www.taxationweb.co.uk/tax-news/general/31-july-2020-deadline-tax-credits-self-assessment-postponement-and-disclosure-of-uk-residential-property-gains.html

May be of some use

Kind regards,

Lambs
by Lambs
Mon Jul 20, 2020 11:25 pm
Forum: Capital Gains Tax, CGT
Topic: Partial transfer to children
Replies: 2
Views: 594

Re: Partial transfer to children

Y, In the absence of any particular reliefs, then there will be CGT on any gift of an interest in a property, based on the market value of the interest transferred. The fact that it is a gift does not prevent a charge to CGT. Transfers between spouses / civil partners who are living together as a co...

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