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Where Taxpayers and Advisers Meet

Search found 1421 matches

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by Lambs
Mon Nov 23, 2020 1:12 pm
Forum: Income Tax
Topic: whether i am non-domicile or not?
Replies: 4
Views: 787

Re: whether i am non-domicile or not?

T, Thank you for your contribution. May we please clarify: A UK Self Assessment tax return is not necessary for those who are non-domiciled / in receipt of less than £2,000 overseas income annually, (which has also not been remitted to the UK)? I think one may be required for all sorts of other reas...
by Lambs
Tue Nov 17, 2020 5:23 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Early year adjustment and covid
Replies: 10
Views: 1503

Re: Early year adjustment and covid

L, You have been advised incorrectly by HMRC. This is not the first time, if I remember aright. There is NO adjustment to be made by the Pension Provider in relation to 2020/21. The Pension Provider seems highly likely to have taxed the amount as it has been paid, correctly, under PAYE/RTI - "Real T...
by Lambs
Sat Oct 17, 2020 3:15 pm
Forum: Income Tax
Topic: Income tax on dividends
Replies: 8
Views: 1020

Re: Income tax on dividends

M, as usual, has the right of it. It's bloody annoying, and why I insist on referring to it (them) as the Dividend "Allowance" or the Savings "Allowance". They are not "Allowances". They never were. They do not reduce taxable income, but merely add a nil% rate. "Customers" has been around in HMRC li...
by Lambs
Thu Oct 08, 2020 7:13 pm
Forum: Property Taxation
Topic: Dividing two properties via transfer of equity
Replies: 4
Views: 680

Re: Dividing two properties via transfer of equity

This is the kind of issue you see once as a mock exam question and perhaps a handful of times thence as a real-life tax adviser (unless, of course, you specialise in land). In the absence of special rules, SDLT and CGT principles WOULD act to treat as taxable the consideration received, being the ba...
by Lambs
Sat Sep 19, 2020 2:59 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Early year adjustment and covid
Replies: 10
Views: 1503

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: 10
Views: 1503

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: 288
Views: 215031

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: 288
Views: 215031

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: 32
Views: 4762

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: 32
Views: 4762

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...

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