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Where Taxpayers and Advisers Meet

Search found 75 matches

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by Herbs16
Wed Oct 28, 2020 10:18 pm
Forum: Capital Gains Tax, CGT
Topic: CGT calc
Replies: 1
Views: 82

CGT calc

Can someone help me on my cgt calc please? 2 properties, [presuming sold in different financial years to get AE each time. Sale 190 now Cost 40 1996 Gain 150 Lived as PPR 1996-2012, plus ignore last 3 years (?) Gain is 5/24 x 150 less 2xAE (joint ownership) = £6,650 Wasn’t there something else about...
by Herbs16
Tue Aug 18, 2020 10:58 am
Forum: VAT & Excise Duties
Topic: VAT on raffle
Replies: 2
Views: 407

VAT on raffle

HI
If a vat registered jetski centre, bought a jetski and sold raffle tickets to raise money for charity, would they charge vat on the tickets?
can they also claim vat and CT back on the cost of the jetski?
Thanks
by Herbs16
Mon Jun 08, 2020 2:16 pm
Forum: Capital Gains Tax, CGT
Topic: cgt query
Replies: 1
Views: 545

cgt query

Hi Can someone help please with my camculation A house was bought June 1990 for 90,000 Joint husband and wife. -Husband dies July 2009 and wife continues to live in house until August 2010. -Rented out from November 2010 to January 2019. -Estimated sale price 280,000. -Estimated value at probate £24...
by Herbs16
Mon Apr 27, 2020 5:26 pm
Forum: Income Tax
Topic: personal tax relief on company loan
Replies: 3
Views: 1001

personal tax relief on company loan

Hi I made a directors loan into my company, the company has been sold on without repayment of my loan therefore ive lost the money, can I claim personal tax relief on this The company was started from scratch, I invested £100k into machinery and the business was sold for £25k basically as goodwill T...
by Herbs16
Thu Feb 27, 2020 11:14 am
Forum: Capital Gains Tax, CGT
Topic: cgt rollover relief
Replies: 2
Views: 582

Re: cgt rollover relief

Hi, yes its a farm at present
by Herbs16
Mon Feb 24, 2020 3:14 pm
Forum: Capital Gains Tax, CGT
Topic: cgt rollover relief
Replies: 2
Views: 582

cgt rollover relief

Hi Forum Im looking to sell a site with planning for approx. £2-3m It cost £150k 20 years ago. I want to buy a farm (100 acres) with the proceeds Can I roll over the gain as a result of re-investing all the proceeds? Any proportion not re-invested will trigger the proportional amount of gain to be c...
by Herbs16
Fri Nov 01, 2019 12:44 pm
Forum: Company Taxation
Topic: Credit union interest
Replies: 1
Views: 1747

Credit union interest

Hi
Can anyone help if a Credit Union has National Savings Certificates, which are free from UK income tax & capital gains, do we have to pay Corporation Tax on the index linked return & interest?
thanks
by Herbs16
Thu Sep 12, 2019 2:02 pm
Forum: Property Taxation
Topic: Termination of lease
Replies: 1
Views: 6187

Termination of lease

Hi
My friend owns a company which owns a property, this property leases to a shop who has terminated the 10 year lease early and they have paid a large sum to settle.

Is this whole sum taxable at 19% CT? any reliefs?
Thanks
by Herbs16
Wed Jun 05, 2019 2:28 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: New buildings allowance
Replies: 0
Views: 9340

New buildings allowance

Hi all
Is this worth claiming anymore?
If it reduces your properties base cost, is there any point?
Any advice or explanations would be appreciated.
Thanks very much
by Herbs16
Thu Apr 18, 2019 9:48 am
Forum: Company Taxation
Topic: Buildings allowance
Replies: 0
Views: 11317

Buildings allowance

Hi all
Is this worth claiming anymore?
If it reduces your properties base cost, is there any point?
Any advice or explanations would be appreciated.
Thanks very much

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