This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Normal out of income exemption
on 06/08/2025 15:03, by Andrew01

Hello IHT forum To maintain the [b]normal out of income exemption[/b]. If previous history showed an individual replaced their car approximately once every 10 years and this continued to be the case. Would the purchase of a car be required to come from income? Or ... Continue Reading

PRR - 9 Month Exemption & Trusts
on 05/08/2025 17:53, by SP11

PRR available to Trustees of a Trust with a life interest. I am assuming the final 9 months 'for any reason' exemption is not available in the scenario where the liferenter dies on the basis that S225 TCGA only applies where there is an active liferent, death ... Continue Reading

Best option to give children part ownership of a BTL
on 04/08/2025 22:38, by Pookster

I'm buying a BTL property and would like to give my three children (all under 18) part ownership shares. They currently have savings gifted to them by a grandparent and part could be invested into the property. I'm thinking of what is the best way to structure ... Continue Reading

Credit balance after self assessment
on 04/08/2025 20:35, by Sarah1987

Hi, I earn under 10 k a year as a mobile hairdresser. I have done my tax assessment for the last 2 years as this is how long I've been trading. Each time I have been put in to a credit balance after the assessment has been submitted. Why would I be getting a ... Continue Reading

Sdlt calculator help
on 03/08/2025 13:18, by vik2001

Gf is gifting her share in her main residence to her brother. Both live together and no other properties. There is a mortgage of 115k, so her consideration is £57,500 Does she pay sdlt on her half, or is it the brother taking over the property pays sdlt? Is ... Continue Reading