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Where Taxpayers and Advisers Meet

Search found 1831 matches

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by wamstax
Thu Jun 21, 2018 10:00 pm
Forum: Company Taxation
Topic: Pension contributions from Limited company
Replies: 6
Views: 1343

Re: Pension contributions from Limited company

Clearly there is nothing objectionable in your wife being paid a salary commensurate with the duties she actually carries out. As far as the rest is concerned you are doing the correct thing in seeking a third party tax advisor who will be able to examine all aspects of yourselves and the company an...
by wamstax
Thu Jun 07, 2018 9:07 am
Forum: Business Tax
Topic: self employed tax bill from 2001
Replies: 3
Views: 1584

Re: self employed tax bill from 2001

You might even have to make a Data Protection Act request for all information that is held by HMRC to see what evidence they have of the alleged filing position and alleged determination position. If they are saying what the alleged previous years position is then they would have to have information...
by wamstax
Wed Jun 06, 2018 2:15 pm
Forum: Tax Investigations and Enquiries
Topic: Employee Deductions Tax
Replies: 1
Views: 11130

Re: Employee Deductions Tax

Has your top line changed?
by wamstax
Wed Jun 06, 2018 10:58 am
Forum: Business Tax
Topic: self employed tax bill from 2001
Replies: 3
Views: 1584

Re: self employed tax bill from 2001

You could test out (A) the statute of limitations and HMRCs seeming negligence in not pursuing what they allege was an established debt (B) if you genuinely did not trade in the year then their assessment (if any would be invalid) as there’s was no evidence that the source existed for the years. Bac...
by wamstax
Mon May 21, 2018 2:27 pm
Forum: Capital Gains Tax, CGT
Topic: CGT liability
Replies: 2
Views: 422

Re: CGT liability

If a property has been an individual’s main residence at any time and is then let out the individuals gain generated by the let out period can be covered by relief called letting relief which is the smaller of (a) the amount of main residence relief qualified on the property (b) the amount of gain a...
by wamstax
Wed Apr 25, 2018 5:31 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 53901

Re: Help! Sole trader HMRC investigation

Glad you got a sensible solution BUT be careful in recommendations to others as no two investigations are identical and you had the benefit of a discussion with one or two peculiarities. I hope you’re not intending to write a book on handling HMRC lol 😂
by wamstax
Mon Apr 16, 2018 5:05 pm
Forum: Capital Gains Tax, CGT
Topic: PPR declaration on taking back a BTL and living in two properties for the first time
Replies: 9
Views: 1088

Re: PPR declaration on taking back a BTL and living in two properties for the first time

I will certainly use that manual ref e if it comes up as act is a bit more ambiguous Great stuff SteLacca
by wamstax
Mon Apr 16, 2018 1:08 pm
Forum: Capital Gains Tax, CGT
Topic: PPR declaration on taking back a BTL and living in two properties for the first time
Replies: 9
Views: 1088

Re: PPR declaration on taking back a BTL and living in two properties for the first time

I appreciate what you say and acknowledge the points made by you but am afraid I don’t see it.The concession didn’t define the change of residence as far as I can see. Oh well an interesting take on my next argument with HMRC
by wamstax
Mon Apr 16, 2018 12:28 pm
Forum: Capital Gains Tax, CGT
Topic: PPR declaration on taking back a BTL and living in two properties for the first time
Replies: 9
Views: 1088

Re: PPR declaration on taking back a BTL and living in two properties for the first time

The clock starts running for making the election broadly from when the individual has a new combination of residences. i.e. when you start to use both residences. I am not convinced that there is a "new combination of residences" because a person changes the use of one of his properties - unless yo...

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