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Where Taxpayers and Advisers Meet

Search found 633 matches

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by GlobalTaxAdviser
Wed Jun 12, 2019 11:20 pm
Forum: Property Taxation
Topic: incorporating my properties into limited company
Replies: 5
Views: 6888

Re: incorporating my properties into limited company

is it worth writing to HMRC? No, as like I mentioned you could have completed a form until last year how to get into partnership? we are effectively running the properties jointly. can this be classifies as partnership? Possibly but see definition " Partnership is the relation which subsists betwee...
by GlobalTaxAdviser
Wed Jun 12, 2019 2:43 pm
Forum: Property Taxation
Topic: incorporating my properties into limited company
Replies: 5
Views: 6888

Re: incorporating my properties into limited company

Definitely worth considering for 9 properties under a Limited Company. Though you need to carry out some number crunching first if there are going to be significant tax gains in the long term. One caveat is the profit on your wife properties maybe covered by her personal allowance so may not be any ...
by GlobalTaxAdviser
Fri Jun 07, 2019 6:00 pm
Forum: Income Tax
Topic: UK - Dubai mid year move
Replies: 1
Views: 487

Re: UK - Dubai mid year move

You probably be entitled to split Year under the Statutory Residence Test and none of your Dubai income will be taxed in UK
by GlobalTaxAdviser
Fri Jun 07, 2019 5:56 pm
Forum: Income Tax
Topic: I haven't paid income tax for around 4 years
Replies: 4
Views: 713

Re: I haven't paid income tax for around 4 years

The sooner to get this sorted out the better as penalties may be accumulating. Certainly advisable for you to tell HMRC before them finding out.

Do you have all your records including costs ?
by GlobalTaxAdviser
Fri Jun 07, 2019 4:27 pm
Forum: Business Tax
Topic: Tax requirements for US company
Replies: 2
Views: 12178

Re: Tax requirements for US company

There will be no Corporation Tax since the place of effective management is in the US. You will need to account for the tax on profits in US If you are selling digital services from outside the EU to individuals then you will have to register for VAT Moss. If selling to UK businesses then no VAT wil...
by GlobalTaxAdviser
Fri Apr 19, 2019 5:46 pm
Forum: Income Tax
Topic: Fuel Card Rebate
Replies: 3
Views: 534

Re: Fuel Card Rebate

I would get a mileage app which you can clearly then mark business or personal mileage and reimburse the employer accordingly. The app will provide the irrefutable evidence of business mileage
by GlobalTaxAdviser
Thu Dec 20, 2018 10:51 pm
Forum: Company Taxation
Topic: Director of UK Company living in SPain
Replies: 1
Views: 660

Re: Director of UK Company living in SPain

Hi

Where is the company being managed from UK or Spain ?

Kind Regards

GTA
by GlobalTaxAdviser
Thu Oct 04, 2018 3:26 pm
Forum: International Tax
Topic: Forming company in thailand with none profit uk base
Replies: 1
Views: 918

Re: Forming company in thailand with none profit uk base

Hi The company can be resident by virtue of residence or where the place of management is situated. You could claim the company is residence in Thailand by sending HMRC a tax residence certificate from Thailand that the company is treaty non residence as the management control is happening from Thai...
by GlobalTaxAdviser
Wed Sep 19, 2018 2:22 pm
Forum: Income Tax
Topic: calculating profit on uk property let
Replies: 5
Views: 670

Re: calculating profit on uk property let

I don't think not even the big four accountancy firms would charge 2.5K for a a couple of tax returns

£500 + VAT maybe about right

Kind Regards

GTA
by GlobalTaxAdviser
Wed Sep 12, 2018 11:18 pm
Forum: Income Tax
Topic: Income Tax on rotational Foreign Income
Replies: 4
Views: 747

Re: Income Tax on rotational Foreign Income

Hi Based on the information provided very likely you will be considered to be resident in the UK as you have a home in the UK. If not then probably get caught under number of ties Actually the 5% is only a retention which public and private institutions have to withhold from foreign companies in lie...

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