Hi - would appreciate views on the following. Person A transfers/gifts 1 million of BPR-qualifying shares to their Spouse, person B - say in July 2025. They have been held for 2+ years by Person A. Person B dies within 2 years of the gift. Is there any IHT to ... Continue Reading
I have to print out my sa100 and some supplementary pages in order to complete my paper tax return. I am having problems printing double sided pages. Is it acceptable to send single sided pages to HMRC? Many thanks for any replies Continue Reading
I am looking to purchase a flat in the UK and am UK citizen. I lived in another country for 14 years and am a shareholder in a company based in that country that owns a property there. The company does not make any profit. As the property is owned by a company, ... Continue Reading
A married couple, husband and wife, both EU-citizens, live domiciled and have the settled status in the UK. The husband dies and leaves all his assets to his wife in accordance with his last will. There is no UK-inheritance tax due for this transfer to his wife. ... Continue Reading
Hi All, I have been going in circles for nearly 2 years. Any advice would be appreciated. Solicitor says ask accountant. Accountant say go to solicitor. I inherited 2 properties 7/Oct/2023. I was advised to put them under a company name as I want to keep them ... Continue Reading
I have just completed a set of accounts for period from 3 March 2024 to 31 March 2025. These accounts and were attached to tax return and tax comp for period from 3 March 2024 to 2 March 2025 using my agent's code for CT and my agent's gateway ID and they were ... Continue Reading
I was an accountant but not practicing as an accountant and I have a number of Ltd companies which require annual accounts and up until fairly recently I have been reasonably content with the notion of accounting fees which rise almost annually. However, my feelings ... Continue Reading
I know that lending money to a company and charging interest requires the completion of a CT61 form quarterly and that 20% of the interest due must be paid to HMRC but this is notionally a 20% tax on income. What happens if the person lending the money to the ... Continue Reading
