This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 99 matches

Go to advanced search

by Brightonian
Tue Sep 27, 2016 10:23 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Pension - death within 2 years
Replies: 2
Views: 782

Pension - death within 2 years

I am trying to help a client's widow. Her husband died, leaving everything to her. There is a will. The gross estate is probably just less than £1m. But he was terminally ill for some time and, within two years of death, transferred two final salary schemes into a personal pension in order to improv...
by Brightonian
Wed May 04, 2016 5:13 pm
Forum: Income Tax
Topic: Arts Council grant
Replies: 2
Views: 1219

Re: Arts Council grant

Thank you.
by Brightonian
Wed May 04, 2016 2:41 pm
Forum: Income Tax
Topic: Arts Council grant
Replies: 2
Views: 1219

Arts Council grant

My client has been awarded a grant under the Arts Council's 'Grants for the Arts' scheme. She is a practising writer and I assumed that the money would simply be added to her other income as a writer.I have also looked at BIM51710, which supports that view. The money is to help with a writing projec...
by Brightonian
Wed Mar 16, 2016 7:18 pm
Forum: Capital Gains Tax, CGT
Topic: PPR
Replies: 4
Views: 686

Re: PPR

Thank you, Maths. Common sense told me that SHOULD be the answer but I've learned the hard way that you can never be sure with tax! Thank you for setting my mind at rest.
by Brightonian
Wed Mar 16, 2016 5:44 pm
Forum: Capital Gains Tax, CGT
Topic: PPR
Replies: 4
Views: 686

PPR

My client is unmarried and lives and works in London. She moved in with her partner 15 years ago, letting out her previous residence in Hackney - it has been let ever since. She owns no interest in her partner's property.Five years ago she bought a property in Sussex, in her sole name, which the cou...
by Brightonian
Fri Feb 12, 2016 5:44 pm
Forum: International Tax
Topic: New Zealand/UK DTA
Replies: 4
Views: 1087

Re: New Zealand/UK DTA

Thank you both. I do find the wording of DTA's difficult. The word 'may' is the problem, I think. So he is taxable in the UK with credit for any NZ tax levied. Again, thanks.
by Brightonian
Thu Feb 11, 2016 5:34 pm
Forum: International Tax
Topic: New Zealand/UK DTA
Replies: 4
Views: 1087

New Zealand/UK DTA

I have been asked by a client (non-dom but resident in the UK for over 20 years) if the sale of his house in New Zealand will attract CGT in the UK. I have looked at the DTA. Article 14 states that 'income or gains derived by a resident of a contracting state from the alienation of immovable propert...
by Brightonian
Tue Jan 26, 2016 11:04 pm
Forum: Income Tax
Topic: Restriction of loss relief
Replies: 0
Views: 263

Restriction of loss relief

Can anyone help with the post-April 2013 rules please? Does the £50,000 limit appear to the year in which the losses arise or the year in which they are relieved? If, say, I had losses of £100,000 in 2014/15, could I claim up to £50,000 in 2014/15 and a further amount of up to £50,000 in 2013/14 und...
by Brightonian
Tue Dec 15, 2015 1:27 pm
Forum: Capital Gains Tax, CGT
Topic: S169R election
Replies: 1
Views: 599

S169R election

My client sold his business in 2014/15. He received QCBs and cash and was planning to make a S169R election to get the entrepreneurs' relief upfront. However, there are some reasons to think that the new company may default on payments so he wants to defer making his decision for as long as possible...
by Brightonian
Tue Dec 15, 2015 1:20 pm
Forum: Capital Gains Tax, CGT
Topic: Deed of variation creating trust
Replies: 5
Views: 1625

Re: Deed of variation creating trust

Good advice but I'm happy to say that this is being done with an agreed fee. I see more clients now with bonds from Old Mutual and Fidelity which are just like their portfolios of unit trusts but in a bond wrapper. The old-fashioned high charging bonds issued by insurance companies seem to be out of...

Go to advanced search