Hello all, My client is a US citizen and has been long resident in the UK for tax purposes. He is in receipt of taxable US social security benefit. I was surprised to see this income is showing as taxable on his US federal Return. [b]Article 17 of the double tax ... Continue Reading
If an a person lives with their adult child. I have read that it is possible to gift a transfer of equity of a property- as long as seven years pass and assuming there is no benefit in terms of the adult child paying more than the respective share of household ... Continue Reading
Hi all, looking for some advice as I'm trying to get my head around all this. I was offered an 18-month secondment in Dubai about three weeks ago through my part-time admin job. The move would probably be in January if everything goes ahead. My kids would stay ... Continue Reading
I intend to sell soon a buy to let flat i have had for 20+ years with obvious reasonable cgt liability about £11,000 i roughly calculate. I have an investment in Guilts that has made a loss of more than my gain (Thanks Liz Truss) which I will sell after completion ... Continue Reading
Hello all Trying to make sure I get this right before making a big decision. I live in my partners house which I do not own but I am on the mortgage (JBSP) I also own two properties (property A and property B) Both properties I own are let. Property A is 100% ... Continue Reading
For some reason HMRC had problems identifying my address and asked me to complete form SA1, print it and send it to them instead of applying online. The form is so badly designed I wondered if it was some kind of scam. The question "Please indicate the tax year" ... Continue Reading
Hi all, I have been tax resident in the UK for the past 10+ years and am considering applying for the S-MM2H visa in Malaysia. I am currently unemployed (semi retired), have no properties, businesses or family in the UK (only cash from the sale of my last house ... Continue Reading
My late husband’s will created an IPDI trust. I am the life tenant and his daughters are the trustees and remaindermen. Following the sale of the property in the trust, approximately £300k of trust capital will be invested. The will states that “any capital ... Continue Reading
