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Where Taxpayers and Advisers Meet

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by section 44
Fri Oct 03, 2008 1:33 pm
Forum: Income Tax
Topic: Tax repayment claim
Replies: 1
Views: 691

<t>What form can a non-working taxpayer use to reclaim overpaid tax (ie on interest) and where should such a form be sent if the taxpayer is not aware which HMRC office deals with his tax affairs?<br/> <br/> Clearly a tax return could be used but if the individual is not issued with a tax return it ...
by section 44
Thu Sep 25, 2008 5:28 pm
Forum: Income Tax
Topic: Relocation expenses and 'temporary' accommodation
Replies: 5
Views: 1544

Employment relocation expenses to be reimbursed (hopefully gross) by employer. Main expense is rent.
by section 44
Thu Sep 25, 2008 2:45 pm
Forum: Income Tax
Topic: Relocation expenses and 'temporary' accommodation
Replies: 5
Views: 1544

For the purposes of the £8,000 exemption for relocation expenses.
by section 44
Thu Sep 25, 2008 2:42 pm
Forum: VAT & Excise Duties
Topic: Unusual customer request!!!
Replies: 3
Views: 924

Any credit note/invoice needs to reflect the commercial reality.

If the customer merely wants a re-dated invoice but the supply is unchanged then no, you cannot do it.
by section 44
Thu Sep 25, 2008 2:36 pm
Forum: VAT & Excise Duties
Topic: Reclaimed VAT on new build I now want to rent
Replies: 3
Views: 1397

<t>This problem is a current issue and HMRC have issued guidance within the last week or so.<br/> <br/> Transferring the property to the company should prevant a clawback of VAT that you recovered.<br/> <br/> However this would crystalise your trading receipt on a disposal of the properties (deemed ...
by section 44
Thu Sep 25, 2008 2:31 pm
Forum: Property Taxation
Topic: Taxable Liability from Rent
Replies: 2
Views: 874

<t>Q1 - No, you haven't incurred any interest.<br/> <br/> Q2 - This isn't a tax question and it would depend on the difference in interest rates (taking into account any tax deductibility).<br/> <br/> Q3 - The courts may reach that decision but in equity not law. Legally your wife only 'owns' half o...
by section 44
Thu Sep 25, 2008 2:15 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Stamp Duty payable on Transfer of Equity during separation
Replies: 2
Views: 1423

I assume that the mortgage was in joint names such that you were both liable. By removing her name you are assuming her 'share' of the debt.

Stamp duty will be due on the aggregate of the cash (£35k) and half of the outstanding mortgage (£220k) i.e. stamp duty of £7.65k.
by section 44
Thu Sep 25, 2008 2:08 pm
Forum: Income Tax
Topic: Relocation expenses and 'temporary' accommodation
Replies: 5
Views: 1544

<t>I have relocated and had intended to rent a home whilst I sell my old home and buy a new home.<br/> <br/> With the housing market having taken a nose dive I now find myself unable to sell my old home and after a few months of listing it for sale (evidence to support this) I have decided to rent i...
by section 44
Thu Sep 25, 2008 2:07 pm
Forum: Income Tax
Topic: Relocation expenses and 'temporary' accommodation
Replies: 0
Views: 452

<t>I have relocated and had intended to rent a home whilst I sell my old home and buy a new home.<br/> <br/> With the housing market having taken a nose dive I now find myself unable to sell my old home and after a few months of listing it for sale (evidence to support this) I have decided to rent i...

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