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
Mon Dec 14, 2015 11:03 am
Forum: Capital Gains Tax, CGT
Topic: Deed of variation creating trust
Replies: 5
Views: 1710

Re: Deed of variation creating trust

Thabnk you, Maths. That's very helpful. It looks like there may be some point in making this investment after all.
by Brightonian
Fri Dec 11, 2015 5:50 pm
Forum: Capital Gains Tax, CGT
Topic: Deed of variation creating trust
Replies: 5
Views: 1710

Deed of variation creating trust

I have a client whose mother died in 2014. She is an additional rate taxpayer and does not need the legacy - conveniently around £324,000. She has two minor children (8 and 4) and her financial adviser has suggested that she do a deed of variation and vary the legacy into a discretionary trust. She ...
by Brightonian
Wed Sep 24, 2014 5:02 pm
Forum: International Tax
Topic: Share options
Replies: 2
Views: 755

Re: Share options

Thank you for your help. I have been looking at various sources and wonder if either the employer decided that there should be UK tax at the exercise date because the employee already knew that he would be returning to the UK before the award vested or whether they do not regard them as a marketable...
by Brightonian
Tue Sep 23, 2014 5:29 pm
Forum: International Tax
Topic: Share options
Replies: 2
Views: 755

Share options

I am preparing a tax return for someone who was US resident when options were granted in 2011. He returned to the UK and was UK resident in 2014, when the options vested and he sold the shares. He worked for the same company throughout. They time-apportioned the gain with part being taxed under PAYE...
by Brightonian
Mon Jun 16, 2014 9:21 am
Forum: Property Taxation
Topic: Renting furniture
Replies: 3
Views: 650

Re: Renting furniture

Thank you, Robbob. That is very helpful. It seems that, no matter how long you've worked in tax, clients can still come up with something you've never encountered before!
by Brightonian
Fri Jun 06, 2014 10:50 am
Forum: Property Taxation
Topic: Renting furniture
Replies: 3
Views: 650

Renting furniture

This is something I have never encountered before. A client has a number of buy to let properties (all let fully furnished) and has just bought a new one. There have been delays and he will not be able to buy furniture for the property before the tenants move in. He is thinking of hiring furniture i...
by Brightonian
Fri Nov 01, 2013 1:40 pm
Forum: Income Tax
Topic: Payments on account and averaging
Replies: 0
Views: 471

Payments on account and averaging

I have a client, an author, whose profits fluctuate wildly and therefore I have used averaging on a number of occasions. As it happens, the 2012/13 profits are similar to those for 2011/12 and so cannot be averaged. However, he expects his profits to plummet in 2013/14 and has asked me to look at re...
by Brightonian
Wed Sep 25, 2013 4:55 pm
Forum: Property Taxation
Topic: Joint ownership but sole mortgage
Replies: 2
Views: 853

Joint ownership but sole mortgage

My clients are unmarried. One is an additional rate taxpayer, while the other is a non-taxpayer. They are planning to purchase a buy to let property jointly. They will agree that profits and losses should be split 99/1 in favour of the non-taxpayer. They will need a mortgage. Instead of taking a buy...
by Brightonian
Wed Aug 14, 2013 9:53 pm
Forum: Capital Gains Tax, CGT
Topic: Election for overseas losses
Replies: 2
Views: 720

Re: Election for overseas losses

Thank you very much. My understanding was that the deadline for claiming was April 2013 but I'll check that in case I got it wrong. He did indeed tick Box 28 (and also 29) as these were appropriate. So it seems that no election is required after all. Thank you very much for taking the time to explai...
by Brightonian
Wed Aug 14, 2013 4:45 pm
Forum: Capital Gains Tax, CGT
Topic: Election for overseas losses
Replies: 2
Views: 720

Election for overseas losses

I am a little concerned in case I have missed the deadline for a S16ZA claim for a client. He 'claimed' the remittance basis for 2008/09 and therefore the deadline has passed. However, I have been looking at the HMRC manuals and am now not certain. He received a tax return for that year and claimed ...

Go to advanced search