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Where Taxpayers and Advisers Meet

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by Lambs
Sat Dec 07, 2019 12:50 am
Forum: Income Tax
Topic: Gift Aid carry back
Replies: 9
Views: 693

Re: Gift Aid carry back

Apologies didn't see the tax case reference. But I've added the link to Mark's article as well, so not entirely wasted duplication.

Regards all,

Lambs
by Lambs
Fri Dec 06, 2019 11:10 pm
Forum: Income Tax
Topic: Gift Aid carry back
Replies: 9
Views: 693

Re: Gift Aid carry back

Covered in the tax case

John Cameron v CRC [2010] UKFTT 104 (TC) TC00415

https://www.taxationweb.co.uk/tax-articles/general/gift-aid-problems.html

Case rests, m'lud - although it's quite clearly an unfair / illogical treatment.

Regards all,

Lambs
by Lambs
Tue Nov 12, 2019 1:49 am
Forum: Income Tax
Topic: P11D on a used company car
Replies: 1
Views: 514

Re: P11D on a used company car

A, the price for company car benefit is list price when new.

Regards,

Lambs
by Lambs
Fri Nov 08, 2019 5:38 pm
Forum: Property Taxation
Topic: Property Developing across tax years
Replies: 1
Views: 529

Re: Property Developing across tax years

P, It is unclear if this property the subject of your post is the first such property that you have 'done up' to sell on, or one in a series. The relevance is that for a trading entity (and you seem in my opinion correctly to have recognised that this is an income / trading venture, rather than bein...
by Lambs
Mon Nov 04, 2019 9:46 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT and denunciation
Replies: 5
Views: 1317

Re: IHT and denunciation

B, If you were UK-resident and wanted to know about international aspects of operating overseas, then we might well be able to assist. Or overseas-resident and looking to operate here in the UK. But I don't think there is any UK aspect to this, so we are not really in a position to advise, I think. ...
by Lambs
Sat Nov 02, 2019 1:51 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT and denunciation
Replies: 5
Views: 1317

Re: IHT and denunciation

B,

I am not sure what this has to do with UK tax - it seems to be a query involving German / South African tax?

Regards,

Lambs
by Lambs
Wed Oct 30, 2019 8:54 pm
Forum: Capital Gains Tax, CGT
Topic: CGT relief - charities
Replies: 4
Views: 5065

Re: CGT relief - charities

M, I concur. I think that the querist actually meant the proceeds, rather than the gain specifically. The point is that once the gain has been made, his / her options are limited. I think it is correct to suggest that it would normally be a tax-advantageous course of action to give the asset itself ...
by Lambs
Thu Oct 24, 2019 10:43 am
Forum: Capital Gains Tax, CGT
Topic: CGT relief - charities
Replies: 4
Views: 5065

Re: CGT relief - charities

B, Insofar as UK tax is concerned, some combination of TCGA 1992 s 256 (which broadly says that gains by charities are exempt from CGT in the right circumstances) and s 257 (which says that gifts to charities are likewise potentially exempt) should help? If your client is in a position to transfer t...
by Lambs
Mon Oct 07, 2019 9:34 am
Forum: Income Tax
Topic: Disclaiming the Dividend Allowance and the Personal Savings Allowance
Replies: 7
Views: 6093

Re: Disclaiming the Dividend Allowance and the Personal Savings Allowance

Dear All, For my two pennies', it is difficult to see how they might. To my understanding, the legislation does not afford the taxpayer the luxury of choosing the rates applicable to particular categories of income once it has arisen - beyond choosing beforehand which incomes are met by the Personal...
by Lambs
Mon Oct 07, 2019 9:24 am
Forum: Capital Gains Tax, CGT
Topic: CGT on residential home
Replies: 6
Views: 5765

Re: CGT on residential home

W, you are right to be concerned about access to the UK PPR. Fundamentally, periods of absence from one's only or main residence only 'count' towards the relief during periods in which there is NO OTHER PROPERTY that is also eligible for the relief (TCGA 1992 s 223 (7)). If you have lived away from ...

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