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Where Taxpayers and Advisers Meet

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by wamstax
Thu Jan 24, 2019 10:55 pm
Forum: Tax Investigations and Enquiries
Topic: Compliance Check Scope
Replies: 1
Views: 12028

Re: Compliance Check Scope

Clearly YOUR LTD company bank account is within your control and could therefore be requested if this was a reasonable request to review your personal compliance check. Assuming it was a reasonable request in relation to your personal compliance check then it would be in your power and possession to...
by wamstax
Thu Jan 24, 2019 10:26 am
Forum: Capital Gains Tax, CGT
Topic: Property capital gains tax
Replies: 9
Views: 1083

Re: Property capital gains tax

Capital Gains are not earnings but best to check it out.
by wamstax
Thu Jan 24, 2019 9:56 am
Forum: Capital Gains Tax, CGT
Topic: Property capital gains tax
Replies: 9
Views: 1083

Re: Property capital gains tax

My view from what you have said is unfortunately no PPR relief nor lettings relief
by wamstax
Wed Jan 23, 2019 5:07 pm
Forum: Capital Gains Tax, CGT
Topic: Property capital gains tax
Replies: 9
Views: 1083

Re: Property capital gains tax

You might care to look at Tribunal decisions such as http://financeandtax.decisions.tribunals.gov.uk//judgmentfiles/j10729/TC06767.pdf Where you might see what I mean
by wamstax
Wed Jan 23, 2019 4:53 pm
Forum: Capital Gains Tax, CGT
Topic: Property capital gains tax
Replies: 9
Views: 1083

Re: Property capital gains tax

These are the considerations that you would have to take into account in deciding if you could claim PPR and if so additionally Lettings relief. But yes these are the sort of things that you might have to submit if HMRC decide to take the matter up for Enquiry.
by wamstax
Wed Jan 23, 2019 3:00 pm
Forum: Capital Gains Tax, CGT
Topic: Property capital gains tax
Replies: 9
Views: 1083

Re: Property capital gains tax

Living in a property while refurbishing it may not have the quality of permanence needed to qualify for PPR relief. You would need to fully lay out any other property ownership and occupation before during and after your occupation of the to be let property, all your full intentions in relation to e...
by wamstax
Wed Jan 16, 2019 1:35 pm
Forum: Capital Gains Tax, CGT
Topic: CGT whilst member of HM Forces
Replies: 7
Views: 839

Re: CGT whilst member of HM Forces

Answer is NIL if you had no other property in respect of which you concurrently claimed MRR
by wamstax
Tue Jan 15, 2019 5:31 pm
Forum: Capital Gains Tax, CGT
Topic: CGT whilst member of HM Forces
Replies: 7
Views: 839

Re: CGT whilst member of HM Forces

SSections 222 (8A) to (8D) set out that living accommodation is job related if,

it is provided by reason of the individual’s employment, or by reason of the employment of the individual’s spouse or civil partner,
by wamstax
Fri Jan 11, 2019 12:13 pm
Forum: Tax Investigations and Enquiries
Topic: Statutory audits + invoices for services from tax haven company
Replies: 2
Views: 12443

Re: Statutory audits + invoices for services from tax haven company

Anything to do with opaque tax havens can put up a red flag. It would be impossible here to consider all the angles and just because there is a Seychelles 🇸🇨 connection doesn’t necessarily mean that you are dealing with a Seychelles entity. The fact you need to think about it tells a lot.
by wamstax
Fri Dec 14, 2018 1:38 pm
Forum: Tax Investigations and Enquiries
Topic: Information HMRC have access to
Replies: 2
Views: 12741

Re: Information HMRC have access to

To answer your example - Yes they receive U.K. and overseas details of chargeable events

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