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Where Taxpayers and Advisers Meet

Search found 69 matches

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by Herbs16
Mon Feb 29, 2016 1:26 pm
Forum: VAT & Excise Duties
Topic: VAT on property query
Replies: 3
Views: 663

VAT on property query

Hi forum hope someone can help and clarify my queries please.. If you build a property (residential) with a view to selling you can claim the VAT back, sale is zero rated supply so no VAT to pay? If you build with a view to renting, your supply is exempt and so no VAT recoverable OR VAT chargeable o...
by Herbs16
Wed Jan 13, 2016 3:53 pm
Forum: International Tax
Topic: split year treatment
Replies: 6
Views: 1154

Re: split year treatment

Hi thanks I thought as he was in the uk for less than 180 days he will be treated as non resident of the uk? He was Uk resident the previous year, I need help with the calculation I think can anyone help me or let me know what you need and what fee will be charged? Id appreciate any professional adv...
by Herbs16
Tue Jan 12, 2016 5:02 pm
Forum: International Tax
Topic: split year treatment
Replies: 6
Views: 1154

split year treatment

Hi Im hoping someone can help me, happy to pay for advice Im helping a colleague complete his 2015 tax return He is employed by a uk hospital and always been uk resident but left the uk for good on 21/7/14 He was only in the UK for 55 days in 14/15 He received a £40k salary for that period and paid ...
by Herbs16
Tue Jan 12, 2016 1:45 pm
Forum: International Tax
Topic: tax implications of 2 jobs in 2 countries
Replies: 4
Views: 1197

Re: tax implications of 2 jobs in 2 countries

2 employments, 2 contracts, one from the group company and one the subsidiary in the uk
by Herbs16
Tue Jan 12, 2016 11:57 am
Forum: International Tax
Topic: tax implications of 2 jobs in 2 countries
Replies: 4
Views: 1197

tax implications of 2 jobs in 2 countries

Hi Forum I have an associate who is Spanish born and bred who works for an Italian company. He is coming to the UK in May /June to work permanently in the UK for the UK office, he will be over here for the next few years, and possibly bring his family?. He will work in the UK but be paid by the Span...
by Herbs16
Fri Jan 08, 2016 12:27 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on gifted property
Replies: 4
Views: 813

Re: CGT on gifted property

Hi
I would say its the same as the cost as its such a short time inbetween
Even if it alters 2/3k is my assumption still correct?
Thanks
by Herbs16
Fri Jan 08, 2016 10:42 am
Forum: Capital Gains Tax, CGT
Topic: commercial property
Replies: 2
Views: 480

commercial property

hi
a sole trader hairdresser has just sold her hair salon with a gain of £70k, it has been rented throughout.
I don't think any reliefs are available, does anyone else know of any? im assuming letting relief isn't allowable? never been a PRR

thanks
by Herbs16
Fri Jan 08, 2016 10:26 am
Forum: Capital Gains Tax, CGT
Topic: CGT on gifted property
Replies: 4
Views: 813

CGT on gifted property

Hi Forum
quick query please
my sister had a property gifted to her in August 98, purchased in 97 for £37k
it was sold in March 15 for £75k

is it just CGT payable on the £38k gain, obviously less costs and Annual exemption?

many thanks
by Herbs16
Fri Jan 08, 2016 10:15 am
Forum: Capital Gains Tax, CGT
Topic: CGT letting relief
Replies: 4
Views: 673

Re: CGT letting relief

many thanks Peter

no SDLT paid

Mr income
salary £9186
Dividends gross £9999
no rental profit

Mrs income
salary £14599
no rental profit
by Herbs16
Tue Jan 05, 2016 9:50 pm
Forum: Capital Gains Tax, CGT
Topic: CGT letting relief
Replies: 4
Views: 673

CGT letting relief

Hi Forum Can someone help as to whether I need to pay any CGT? I disposed of a property in June 14 for £177950, fees etc £2777 Purchased on 5/2/05 for £127000, fees £976 Its owned by myself and wife 50/50 which calculate a gain of £23598 Its been rented the whole time, can I claim the £40k relief to...

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