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 Apr 12, 2010 1:32 pm
Forum: Business Tax
Topic: Property developer
Replies: 7
Views: 1466

Re: Property developer

Thank you. That si very disappointing to hear. I shall check with him that I was correct about the people involved. Would it make a difference if he had in fact developed each property with the same two people? However, he has told me that he would be unlikely to buy a further property with one of t...
by Brightonian
Mon Apr 12, 2010 12:01 pm
Forum: Business Tax
Topic: Property developer
Replies: 7
Views: 1466

Re: Property developer

Thank you for your help. The Inspector has not stated specific grounds but has simply said the following - I have removed references to the property address: 'I note a number of the expenses calimed have not been incurred against costs relating to the corresponding income returned, in respect of the...
by Brightonian
Fri Apr 09, 2010 11:11 am
Forum: Business Tax
Topic: Property developer
Replies: 7
Views: 1466

Property developer

My client has been making returns as a property developer for a number of years. he has bought and sold various properties together with various friends and each ahve returned their share of the profits. In 06/07 he sold a property and this was returned in the usual way. Since then, there have been ...
by Brightonian
Thu Nov 05, 2009 1:31 pm
Forum: International Tax
Topic: resident but not ordinarily resident employee
Replies: 1
Views: 662

resident but not ordinarily resident employee

I have a problem that I can find little or no HMRC guidance on. It relates to the changes in remittace basis. If I have a client who has come to the UK to work for (say) no more than 2 years and part of his work is done onshore and part offshore, I can apportion his income based on the number of wor...
by Brightonian
Thu Jan 18, 2007 2:02 am
Forum: Capital Gains Tax, CGT
Topic: Incidental costs of disposal
Replies: 2
Views: 2448

<t>Perhaps I should have gone into a little more detail. I am familiar with the legislation but have come across little that helps interpret the legislation. If someone seels their company , I assume that the legal, accountancy etc fees incurred in negotiating the deal, including seeking S.707 ICTA ...
by Brightonian
Wed Jan 17, 2007 10:01 am
Forum: Capital Gains Tax, CGT
Topic: Incidental costs of disposal
Replies: 2
Views: 2448

<t>I can find little guidance on the incidental costs of disposal where someone sells their company. Legal and accountancy bills can be huge - is all the professional advice allowable? After all, the advice would not be sought if there were no sale. In the situation I am thinking of, it is a sale of...
by Brightonian
Fri Nov 03, 2006 7:52 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Marshall v Kerr
Replies: 3
Views: 1826

Thank you for your contribution _ I saw the manual entry you refer to. However, Tax Bulletin 74 seems to contradict thsi by saying that the IHT legislation is different from the CGT legislation considered by the judge in Marshall v Kerr! Very confusing!
by Brightonian
Fri Nov 03, 2006 7:12 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Marshall v Kerr
Replies: 3
Views: 1826

<t>I am getting conflicting opinions as to whether or not Marshall v Kerr applies to IHT or simply to CGT - even the Revenue website contradicts itself!I have a client who is a beneficiary under a Canadian will. We wish to vary the will trust so that the assets pass to an offshore settlement but thi...
by Brightonian
Thu Sep 21, 2006 8:44 am
Forum: International Tax
Topic: UK investments and French tax
Replies: 2
Views: 942

<t>If a UK domiciled individual moves to France and becomes resident, he will presumably pay French income and wealth tax on UK investments e.g. ISAs and unit trusts. But will he pay any tax on an investment bond held offshore (Isle of man)? And can he make any withdrawals from the bond without incu...

Go to advanced search