IHT412 and its notes seem very quiet on the subject of replacement property. Here's a scenario from my mother's estate: 18 months before her death, shares in qualifying AIM company A (already held for 10 years) are sold for £30k. Shares in AIM company B are immediately ... Continue Reading
Hello, I have always lived with my parents and in 2022 they changed the ownership of the house from them owning it 50/50 to us each having a 1/3 share as tenants in common. They continued to pay the bills. My father has now died and I am filling in the various ... Continue Reading
Hi, Just wanted to double-check if my understanding of how to handle a tax from a sale of property is correct. My husband's parents bought a property in 2011 which they then gifted to my husband in 2022. My husband lived in this property between 2011-2020, so ... Continue Reading
Hi, I have a letter from hmrc saying they will request class 2 noc monthly from my account. It doesn't say what account and I can see it coming from any of my accounts. I'm self employed, I thought this is now taken from my self assessment total at the end of ... Continue Reading
Hi I'm after a steer as to how to approach this. In Nov 2021 I sent a letter to HMRC claiming allowable losses from 2017 to 2021 (as per https://www.gov.uk/capital-gains-tax/losses). The letter included details of losses from those years (some shares, some crypto), ... Continue Reading
I do not currently own any property (but have in the past). I am interested in a house that is currently split as an upstairs and downstairs flat. There is an overall freehold title covering both flats, and individual leasehold titles for both flats. The property ... Continue Reading
Hi everyone, Trying to navigate being a Trustee for the first time. Along with others, responsible for looking after a small (in some eyes) sum of £12k for a minor until they reach the age of 18. I understand about the £500 limit on interest before 45% tax ... Continue Reading
Hi I am a sole trader, I claim mileage allowance , can I also claim for Aa break down insurance? Thank you Continue Reading
