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Where Taxpayers and Advisers Meet

Search found 16 matches

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by Jerome_Lane
Wed Jul 24, 2019 2:17 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on sale of land overseas
Replies: 1
Views: 5239

Re: CGT on sale of land overseas

Your wife will be liable to UK tax on her worldwide income and gains with double tax relief for Brazilian tax paid.
by Jerome_Lane
Wed Jul 24, 2019 2:15 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Is renting an office tax deductible for a PAYE employee
Replies: 5
Views: 12074

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

HMRC could challenge such arrangements as your contract is more likely to be to work from home. The fuel saving might cover the office costs and the view could be taken that it suits your life more than the employers. If your contract doesn't stipulate a place of work other than their office, then y...
by Jerome_Lane
Wed Jul 24, 2019 9:21 am
Forum: Capital Gains Tax, CGT
Topic: CGT liability
Replies: 2
Views: 5611

Re: CGT liability

It looks unlikely that you will have a CGT liability. Please contact me if you would like a formal computation and advice on this.
by Jerome_Lane
Tue Jul 23, 2019 3:17 pm
Forum: VAT & Excise Duties
Topic: Ltd Company and partnership
Replies: 2
Views: 9731

Re: Ltd Company and partnership

If the Limited company was a member of the partnership and received a profit share, then this would be entirely possible. You have not made the exact structure clear. You can contact me on 01276 61203 or 07943005902 if you want to discuss.
by Jerome_Lane
Mon Jul 22, 2019 10:37 am
Forum: Income Tax
Topic: HMRC replying to letters
Replies: 3
Views: 5938

Re: HMRC replying to letters

Hi, you can use the HMRC "where's my reply?" tool.

http://www.hmrc.gov.uk/tools/progress-tool/calculator2.htm?selecReason=1&reason=Income+Tax&methodx=To+make+a+general+tax+enquiry

It looks like you should have had a reply a month ago!

Good luck,

Jerome
by Jerome_Lane
Mon Jul 22, 2019 10:21 am
Forum: Property Taxation
Topic: Splitting a company in 2
Replies: 3
Views: 16297

Re: Splitting a company in 2

If the company is definitely trading, then you should be okay with entrepreneur's relief. You could seek non statutory clearance from HMRC that a liquidation would not trigger anti avoidance. It appears to be for commercial purposes. If there are commercial reasons to dividing the company's assets t...

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