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Where Taxpayers and Advisers Meet

Search found 1363 matches

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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: 354

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: 453

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 ...
by Lambs
Thu May 02, 2019 9:15 pm
Forum: Capital Gains Tax, CGT
Topic: NRCGT return
Replies: 243
Views: 126171

Re: NRCGT return

The truth is out there...
by Lambs
Sat Mar 30, 2019 5:02 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1960

Re: Marriage allowance - HMRC confused

D, Delighted to hear that you have finally gotten HMRC to see sense. But the effort involved is worrying, and may be one of the reasons why takeup of the new "Marriage Allowance" is lower than expected. One of my personal bugbears was the ridiculously poor guidance issued by HMRC to promote the TTA,...
by Lambs
Thu Mar 28, 2019 10:48 am
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1960

Re: Marriage allowance - HMRC confused

D, We await the P800 with 'bated breath. At least HMRC is clear on the reason why it believes you to be ineligible. The proof of the pudding will be why the calculation deems that to be the case (or not). Please do keep us informed, since it could be that (HMRC thinks) you have some income you are n...
by Lambs
Fri Mar 08, 2019 7:24 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Telephones at NIC & EO temporarily out of order
Replies: 40
Views: 15702

Re: Telephones at NIC & EO temporarily out of order

Fair cop, Guv.

Or as Del Boy would say,

"Mangetout, Rodney, Mangetout."

VB,

Lambs
by Lambs
Fri Mar 08, 2019 11:59 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Telephones at NIC & EO temporarily out of order
Replies: 40
Views: 15702

Re: Telephones at NIC & EO temporarily out of order

Hmm. I'd like to know what exactly is a "Lamb's profanity"?

Regards,

Lambs
by Lambs
Thu Feb 14, 2019 11:47 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1960

Re: Marriage allowance - HMRC confused

Hmm. It seems there are 2 pages to this thread...
by Lambs
Thu Feb 14, 2019 10:56 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1960

Re: Marriage allowance - HMRC confused

B, B******s. Even a cursory reading of ITA 2007 s 10 would show that it is conditional on ANY OTHER PROVISIONS OF THE INCOME TAX ACTS that provide otherwise. The provisions relating to Gift Aid and to pension contributions do exactly that - extend the basic rate limit - rather than give some form of...
by Lambs
Wed Feb 13, 2019 10:45 pm
Forum: Income Tax
Topic: Marriage allowance - HMRC confused
Replies: 35
Views: 1960

Re: Marriage allowance - HMRC confused

R, Note you are close to the h rate limits though and any other income that falls within the "untaxed tax free" savings or dividend allowance could put you over the top even though that income would probably not specifically generate a tax charge itself. A quick point about the interaction between t...

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