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Where Taxpayers and Advisers Meet

Search found 16 matches

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by Oldtramp
Thu May 17, 2018 6:36 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: 6 month rule on venture capital trusts
Replies: 2
Views: 1712

6 month rule on venture capital trusts

I appreciate that I can't sell long-held VCT shares and claim tax relief if I participate in a new issue of shares in the same trust within 6 months. I also understand that, if I sell shares in a VCT, HMRC construes me to be selling those I've held for longest. What, then, if I have 5000 shares in t...
by Oldtramp
Tue May 15, 2018 12:42 pm
Forum: Income Tax
Topic: reducing tax on second job (over £100k base)
Replies: 3
Views: 574

Re: reducing tax on second job (over £100k base)

If you don't need the income (and you imply you don't by suggesting you could roll up in the company) then set up a SIPP, ultimately taking the 25% tax free lump sum and drawing the rests as income when you're in a lower tax band. Needless to say, this approach is more attractive if you're in your l...
by Oldtramp
Sun Nov 19, 2017 9:01 pm
Forum: Business Tax
Topic: Ltd Co with ex, stuck in Taiwan
Replies: 3
Views: 45522

Re: Ltd Co with ex, stuck in Taiwan

Thanks GTA; sorry for the slow 'thank you' and response. I think there's a significant gain from the Ltd Co because of the workings of the £100000 tax trap and NI In round figures, before this consulting, I'll have pension £32000, one continuing salaried employment £18000 plus dividend and interest ...
by Oldtramp
Sat Nov 18, 2017 12:21 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: BCE5A at age 75
Replies: 0
Views: 47458

BCE5A at age 75

3 years ago, aged 56, I crystallised a SIPP, valued then at £660000, taking the the 25% lump sum of £165000, but leaving the remaining £495000 invested, without drawing income. This has since grown, thorough dividends and investment gain to £760,000. In 2014 I also stopped paying into a DB pension s...
by Oldtramp
Sun Oct 29, 2017 1:55 pm
Forum: Business Tax
Topic: Ltd Co with ex, stuck in Taiwan
Replies: 3
Views: 45522

Ltd Co with ex, stuck in Taiwan

I am thinking to set up a UK Ltd company with my separated but reconciled wife, who is presently stuck (for complex family reasons) in Taiwan, where I am partly supporting her. She is Taiwanese citizen and not UK-resident. The company would sell my consulting/lecturing services and she’d do some bac...
by Oldtramp
Sun Mar 26, 2017 7:25 pm
Forum: Company Taxation
Topic: Company with oveseas (but reconciled) ex
Replies: 0
Views: 973

Company with oveseas (but reconciled) ex

A complex tangle, but I’d appreciate a view. I’m separated from my wife, but back on the best of terms. She, however, is stuck in the Far East with aged and declining parents. She’s living off the proceeds of a property (her's) sold there. Once this runs out – 2 or 3 years at my guess -- either (a) ...

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