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Where Taxpayers and Advisers Meet

Search found 3113 matches

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by bd6759
Fri Jul 26, 2019 10:44 pm
Forum: Business Tax
Topic: Coporation tax due changed over time period
Replies: 1
Views: 11206

Re: Coporation tax due changed over time period

Corporation tax is self-assessed. How much did you self-assess?
by bd6759
Fri Jul 26, 2019 10:42 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Is renting an office tax deductible for a PAYE employee
Replies: 5
Views: 13684

Re: Is renting an office tax deductible for a PAYE employee

Apologise for my shortcomings. I meant to type "do not", which makes my next sentence more coherent.
by bd6759
Wed Jul 24, 2019 11:12 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Is renting an office tax deductible for a PAYE employee
Replies: 5
Views: 13684

Re: Is renting an office tax deductible for a PAYE employee

The contract has little to do with it. The duties of the employment do require the expense. It is not one that each and every holder of that employment would need to incur, therefore it is not allowable.
by bd6759
Wed Jul 24, 2019 11:09 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Self employed/not registered for Class 2 NICs
Replies: 6
Views: 13963

Re: Self employed/not registered for Class 2 NICs

there's no question of avoidance so they can't go back any further.
[/quote]

Class 2 NIC is not a tax. The Limitations Act applies. Avoidance doesn't come in to it,
by bd6759
Tue Jul 23, 2019 8:17 am
Forum: Business Tax
Topic: Flat rate mileage to Partnership or Personal?
Replies: 6
Views: 15283

Re: Flat rate mileage to Partnership or Personal?

All expenditure has to go in the partnership accounts. You cannot claim additional expenditure in your tax return.
by bd6759
Tue Jul 23, 2019 8:15 am
Forum: Capital Gains Tax, CGT
Topic: carry forward capital loss
Replies: 6
Views: 8283

Re: carry forward capital loss

You only need to use sufficient loss to bring the gain down to the annual allowance amount, so you will have no allowance left to carry forward.
by bd6759
Sun Jul 21, 2019 7:36 pm
Forum: Capital Gains Tax, CGT
Topic: CGT liability
Replies: 2
Views: 5795

Re: CGT liability

It is unlikely you will have a CGT liability. Briefly: Owned for 29 years. Unoccupied by you for 10 years. At least 4 of these years will be exempt (maybe more if you left the property for an allowable reason such as emloyment). The leaves 6 years which could give rise to a gain. 6/29ths is roughly ...
by bd6759
Sat Jul 13, 2019 8:25 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: P45
Replies: 1
Views: 10683

Re: P45

No requirement to give your employer a P45. They'll give you a new starter form to complete instead.
by bd6759
Sat Jul 13, 2019 6:20 pm
Forum: Property Taxation
Topic: Purchasing property as limited company
Replies: 7
Views: 13134

Re: Purchasing property as limited company

Yes, complicated is not the word lol :shock: So would all this be the same if I was to use a lease-option to squire the property at a later date, and rent out the property to a third party? I did read somewhere that while you cannot rent the property to yourself, you can rent it to your limited com...
by bd6759
Sat Jul 13, 2019 5:56 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Do I have to pay higher rate tax?
Replies: 5
Views: 12798

Re: Do I have to pay higher rate tax?

In which property do you live now, and where have you lived over the last 3 years?

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