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Where Taxpayers and Advisers Meet

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by nikkisizer
Wed Nov 12, 2014 10:40 am
Forum: Capital Gains Tax, CGT
Topic: Self employed as a share trader?
Replies: 3
Views: 754

Re: Self employed as a share trader?

Hello berlingo,

Apologies, my post should read:

CGT is payable if your taxable gains after deducting allowable losses for the tax year are MORE than your annual exempt amount.
by nikkisizer
Wed Nov 12, 2014 10:39 am
Forum: Capital Gains Tax, CGT
Topic: Self employed as a share trader?
Replies: 3
Views: 754

Re: Self employed as a share trader?

Hello berlingo, You will need to register for self assessment with HMRC if you have to pay Capital Gains Tax. CGT is payable if your taxable gains after deducting allowable losses for the tax year are less than your annual exempt amount. Happy to help if required so if you need any further assistanc...
by nikkisizer
Wed Nov 12, 2014 10:14 am
Forum: International Tax
Topic: Double Taxation - Sole Trader
Replies: 1
Views: 456

Re: Double Taxation - Sole Trader

Hello twindrop, If you have not done so already you will need to register for self assessment with HMRC for your self employment. You will be required to file a self assessment tax return and when calculating any tax due you can then make a claim for the double taxation relief. Happy to help if requ...
by nikkisizer
Wed Nov 12, 2014 8:06 am
Forum: Business Tax
Topic: How long does UTR take to come?
Replies: 1
Views: 575

Re: How long does UTR take to come?

Hello Easty,

It can take up to four weeks from experience but hopefully not in your case!
by nikkisizer
Wed Nov 12, 2014 8:03 am
Forum: Income Tax
Topic: New to UK, first filing as self-employed
Replies: 1
Views: 429

Re: New to UK, first filing as self-employed

Hello Dimitris, You should claim all allowable business expenses to keep your tax liability (assuming you will have one) to an absolute minimum. I would advise seeking professional help especially as it is your first filing. Happy to help so if you require any further assistance please do not hesita...
by nikkisizer
Sun May 25, 2014 6:41 am
Forum: Income Tax
Topic: Where to pay Tax?
Replies: 2
Views: 420

Re: Where to pay Tax?

Hi angloz,

Based on the information provided you are would be classed as non UK resident so would not be liable for UK tax on your earnings.

Happy to help so if you need any further assistance please do not hesitate to contact me.
by nikkisizer
Mon May 19, 2014 7:35 am
Forum: International Tax
Topic: UK tax on foreign earnings for temporarily non-residents
Replies: 1
Views: 486

Re: UK tax on foreign earnings for temporarily non-residents

Hello john87,

As you will be classed as UK resident for tax purposes you will be liable for tax on your overseas earnings.

Happy to help so if you need any further assistance please do not hesitate to contact me.
by nikkisizer
Mon May 19, 2014 7:25 am
Forum: Property Taxation
Topic: As a UK migrant will i need to pay tax on my overseas ?
Replies: 1
Views: 349

Re: As a UK migrant will i need to pay tax on my overseas ?

Hello Jasamoah, If you are receiving rental income from UK property and the total income exceeds your total allowances and reliefs then UK tax will be payable. You will need to register for self assessment with HMRC if you have not done so already to file a self assessment tax return. Happy to help ...
by nikkisizer
Mon May 19, 2014 7:11 am
Forum: International Tax
Topic: NI and self assessment questions when moving in the EU
Replies: 1
Views: 376

Re: NI and self assessment questions when moving in the EU

Hello fsiebrits, With regards to your NI contributions, check out this website which you may find of use: http://www.pensionsadvisoryservice.org.uk/state-pensions/voluntary-national-insurance-contributions With regards to potential rental income from UK property, as the property is in both names you...
by nikkisizer
Mon May 19, 2014 7:01 am
Forum: International Tax
Topic: UK Tax on Non-Resident Property Rental Income
Replies: 1
Views: 519

Re: UK Tax on Non-Resident Property Rental Income

Hello bkm7, If you have not done so already you will need to register for self assessment with HMRC so that your tax returns can be filed in respect of the 2014/15 tax year. The deadline to file these tax returns and pay any tax owing is 31 January 2016 if you submit your tax returns online. Happy t...

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