This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 103 matches

Go to advanced search

by simpsonite
Tue Mar 31, 2015 12:18 pm
Forum: Capital Gains Tax, CGT
Topic: Grant of short lease out of freehold & entr relief
Replies: 3
Views: 1160

Re: Grant of short lease out of freehold & entr relief

Hi loza,
sorry, my error. :oops: :oops:
Yes I agree your gain of 29k.

simpsonite
by simpsonite
Tue Mar 31, 2015 11:42 am
Forum: Capital Gains Tax, CGT
Topic: Grant of short lease out of freehold & entr relief
Replies: 3
Views: 1160

Re: Grant of short lease out of freehold & entr relief

Hi Loza, Thanks for your response. So it appears you are in agreement that the capital improvement element is also plumbed into the calculation in addition to the initial free hold purchase cost, In order to find the adjusted part disposal base cost. I am still waiting on the reversionary figures fr...
by simpsonite
Tue Mar 24, 2015 12:51 pm
Forum: Capital Gains Tax, CGT
Topic: Grant of short lease out of freehold & entr relief
Replies: 3
Views: 1160

Grant of short lease out of freehold & entr relief

Hi all, My client owns a freehold property which is held in his own name. The free hold is used for the commercial activities of his company. He has decided to grant a 15 year lease for a premium of £215,000 with an annual rent of £25,000 He bought the freehold in 1980 for around £50k. So, for the t...
by simpsonite
Mon Mar 23, 2015 2:56 pm
Forum: Company Taxation
Topic: Inter company loan write off
Replies: 2
Views: 960

Re: Inter company loan write off

yes, on reflection the money lent is still being held inside his newco so no tax avoidance in any way.
ok thanks
pawncob
by simpsonite
Thu Mar 19, 2015 4:50 pm
Forum: Company Taxation
Topic: Inter company loan write off
Replies: 2
Views: 960

Inter company loan write off

I have a builder company client. He wants to set up another company to buy residential property & rent out. He wants to know if he could transfer £380,000 from his existing company to his new company, thus showing a loan in both accounts. Can this be done & would HMRC accept this type of arrangement...
by simpsonite
Tue Oct 14, 2014 1:02 pm
Forum: International Tax
Topic: Uk Resident and receiving German pension
Replies: 7
Views: 4631

Re: Uk Resident and receiving German pension

With respect to you bd6759, Article 17 of that particular double taxation treaty is in in my opinion not set out In a clear & concise manner. Not sure about the OECD statndard but you possibly need to check your spelling. With respect bd6759 I am greatful for your response to my query , not to menti...
by simpsonite
Mon Oct 13, 2014 3:07 pm
Forum: International Tax
Topic: Uk Resident and receiving German pension
Replies: 7
Views: 4631

Re: Uk Resident and receiving German pension

Hi, thanks for the reply bd6759. yep I have already tried to read said article 17 of www.hmrc.gov.uk/taxtreaties/in-force/germany.pdf and it didn't really make much sense to me so I thought I would post the query on here instead! :lol: Ok, just to recap - So the German state pension is not taxable i...
by simpsonite
Fri Oct 10, 2014 4:30 pm
Forum: International Tax
Topic: Uk Resident and receiving German pension
Replies: 7
Views: 4631

Uk Resident and receiving German pension

Hi all, My UK resident client is In receipt of two sources of German pension; one of which is the German state pension & the other is from a German private pension. Both pensions are received gross and are paid direct into his German bank account. He then transfers the funds out of his German bank &...
by simpsonite
Tue Jul 15, 2014 2:02 pm
Forum: VAT & Excise Duties
Topic: Output vat on cricket teas
Replies: 7
Views: 1256

Re: Output vat on cricket teas

thanks for that Les 35
by simpsonite
Mon Jul 14, 2014 2:27 pm
Forum: VAT & Excise Duties
Topic: Output vat on cricket teas
Replies: 7
Views: 1256

Re: Output vat on cricket teas

Yes , quite section 44. I am a little unsure why Les 35 seemed to suggest that if the cricket club is registered for vat then the teas would automatically be a taxable supply?! Les 35 also seemed to suggest that recent case law might exempt teas in any case. Can you expand on this point please Les 3...

Go to advanced search