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 1861 matches

Go to advanced search

by wamstax
Sat Oct 21, 2006 12:21 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on converted outbuilding - sale to mother
Replies: 9
Views: 2349

<r>Hi Depends on how you can construct the only or main residence criteria... with the right words NO Chargeable gain as merely getting rid of property enjoyed as part of only or main residence up to disposal see <URL url="http://www.hmrc.gov.uk/manuals/cg4manual/cgcont8j_4.htm">http://www.hmrc.gov....
by wamstax
Sat Oct 21, 2006 10:26 am
Forum: Income Tax
Topic: self-employed - new car
Replies: 9
Views: 2017

<r>Yes you are correct in your assumption that you stop claiming for all the usual car purchase and running costs and charge a Tax -free mileage allowance of 40p per mile for the first 10,000 miles and 25p per mile thereafter.<br/> <EMAIL email="bill@wamstaxltd.com">bill@wamstaxltd.com</EMAIL><br/> ...
by wamstax
Fri Oct 20, 2006 1:13 am
Forum: Tax Investigations and Enquiries
Topic: Genuine error brought to light by s9A TMA 1970 enquiry
Replies: 20
Views: 5443

tom,
5% is even better LOL
by wamstax
Thu Oct 19, 2006 7:19 am
Forum: Company Taxation
Topic: s419 tax
Replies: 3
Views: 3744

<r>Assuming that you can legally write off, release or waive a loan without communicating the fact to the debtor then I see nothing in the legislation that debars the company from claiming repayment of the S419(4) relief on the due date of the accounting period (9 months after the end of the AP)in w...
by wamstax
Thu Oct 19, 2006 6:43 am
Forum: Tax Investigations and Enquiries
Topic: Genuine error brought to light by s9A TMA 1970 enquiry
Replies: 20
Views: 5443

<r>Hi Maths...<br/> if you have a look at my website ..<br/> <br/> <URL url="http://www.wamstaxltd.com">http://www.wamstaxltd.com</URL> <br/> <br/> you will see that it was all from precedent and practice "on the other side" up to July 2006. Now of course I am an angel helping out society. Ok for a ...
by wamstax
Thu Oct 19, 2006 1:49 am
Forum: Tax Investigations and Enquiries
Topic: Loan Interest
Replies: 2
Views: 1357

<r>before getting too hung up on the underlying possibilities and results I think we need to know whether the HMRC are enquiring into the company (Para 24 enquiry notice) or into your own liabilities (Section 9A enquiry notice and also what (if anything) has been reflected in the company accounts or...
by wamstax
Thu Oct 19, 2006 1:39 am
Forum: Tax Investigations and Enquiries
Topic: Genuine error brought to light by s9A TMA 1970 enquiry
Replies: 20
Views: 5443

<r>You are chancing your luck to think that the HMRC would even contemplate mitigating ot waivign the interest in this case as clearly whatever way you look at it your client has (whether by his mistake or yours - or a mixture of both ) had the HMRC's money in his hands for a time that he wasn't ent...
by wamstax
Thu Oct 19, 2006 1:27 am
Forum: Income Tax
Topic: CGT or the dreaded INCOME TAX ?
Replies: 8
Views: 1541

<r>mathematics are quite easy for you & your wife. Unless you always had the intention to be a property developer then if never let CG route gives you tax free profit of £17,600 unless there were items like repairs, loan interest etc that would total more than this sum. Basics are that <br/> (a...
by wamstax
Wed Oct 18, 2006 5:27 pm
Forum: Income Tax
Topic: CGT or the dreaded INCOME TAX ?
Replies: 8
Views: 1541

<r>This one has potential advantages if you go down the Case 1 "Adventure in the nature of trade line as opposed to CG. The biggest factors will be if the property has never been let. If so it might be worth your own arguing that it is case 1 as depending on the amount of the gain or profit and the ...
by wamstax
Wed Oct 18, 2006 5:13 pm
Forum: Company Taxation
Topic: Company tax on future profit
Replies: 3
Views: 1241

Sorry it has not worked maybe somebody will display it visually in a better way.... Help any computer wizards out there?

http://www.wamstaxltd.com

Go to advanced search