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Where Taxpayers and Advisers Meet

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by section 44
Thu Jun 22, 2017 12:32 pm
Forum: VAT & Excise Duties
Topic: New build demolition
Replies: 2
Views: 721

Re: New build demolition

The demolition of the existing structure is zero rated if it is part of the same contract as the new construction. Since the Planning Permission includes this condition, I would suggest zero rating does apply. This sounds to me like you are opining on whether the demolition service is capable of be...
by section 44
Thu May 04, 2017 9:13 am
Forum: Property Taxation
Topic: Renting out property and renting elsewhere - ownership and tax question
Replies: 8
Views: 1771

Re: Renting out property and renting elsewhere - ownership and tax question

it was suggested in another recent thread that if the beneficial interest in the property is split but one person remains liable for the mortgage then provided the person who has the mortgage gets enough income then they could claim for all the mortgage interest. Sharing profits rather than income ...
by section 44
Tue May 02, 2017 11:00 am
Forum: General
Topic: Reached VAT treshold. Which do I register first: for VAT or LTD company
Replies: 4
Views: 2311

Re: Reached VAT treshold. Which do I register first: for VAT or LTD company

So there is no way to "reset" treshold once I have reached it if registering LTD?
Practically, likely not.
by section 44
Fri Apr 21, 2017 1:46 pm
Forum: Income Tax
Topic: Fair Bargain / Legal fees paid by employer
Replies: 10
Views: 3210

Re: Fair Bargain / Legal fees paid by employer

... 'spose the OP could seek a settlement on the basis that the employer pays legal fees on a grossed-up basis, perhaps?
seems inequitable
... or perhaps time to get your petition started and march on parliament

as ever, fairness = somebody else, rather than me, paying tax
by section 44
Fri Apr 21, 2017 9:58 am
Forum: Property Taxation
Topic: PRR Confusion
Replies: 1
Views: 652

Re: PRR Confusion

if you move into a property and make it your main residence then you can claim PRR - does this mean that no CGT will be applicable? You could claim at least some PRR. Clearly if your period of ownership was greater than the period for which the property was your residence than the PRR might only be...
by section 44
Fri Apr 21, 2017 9:55 am
Forum: Income Tax
Topic: Fair Bargain / Legal fees paid by employer
Replies: 10
Views: 3210

Re: Fair Bargain / Legal fees paid by employer

Section 44, if you had taken the OPs employer to court and, as part of a settlement, they'd agreed to pay your legal fees, then yes, I'd expect them to pay them for you. I also wouldn't expect you to have to pay tax on the payment. You're missing my point. the legal fees have never been 'earnt' by ...
by section 44
Fri Apr 21, 2017 9:51 am
Forum: VAT & Excise Duties
Topic: VAT disbursements on client invitation postage
Replies: 11
Views: 2438

Re: VAT disbursements on client invitation postage

your client was responsible for paying the third party So do you go to the Post Office and they hand over the postage stamps to you? How is your client responsible for paying the Post Office for the stamps? If you walked out of the Post Office without paying would the Post Office's only remedy be t...
by section 44
Thu Apr 20, 2017 4:04 pm
Forum: VAT & Excise Duties
Topic: VAT disbursements on client invitation postage
Replies: 11
Views: 2438

Re: VAT disbursements on client invitation postage

your client was responsible for paying the third party (examples include estate duty and stamp duty payable by your client on a contract to be made by the client): Yesyour client authorised you to make the payment on their behalf: Yes
How is the postage dealt with?
by section 44
Thu Apr 20, 2017 3:25 pm
Forum: Business Tax
Topic: Legal App
Replies: 2
Views: 1104

Re: Legal App

1st option - What about an app that would give notifications every time a law changes? How many law changes were there in 2016? What do you consider to be laws? Primary, secondary, tertiary legislation etc? local laws? judicial made law? When say a Finance Act becomes law would that trigger a singl...
by section 44
Thu Apr 20, 2017 3:15 pm
Forum: VAT & Excise Duties
Topic: VAT - conversion from business to residential
Replies: 3
Views: 1060

Re: VAT - conversion from business to residential

I am struggling to convince plumbers, electricians etc. to only charge me 5% - how can I convince them
Try referring them to section 7 of Notice 708

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