A house is owned as tenants in common by a couple, and each leaves their half of the house in their will in trust for the children, who are joint executors of the wills together with the surviving parent. Supposing the children do not want to sell the house, but ... Continue Reading
A charity (incorporated as a CIO) has inherited a property with existing rent paying tenants; it's assumed the rent will be classified as non primary purpose income and therefore subject to corporation tax 1. can the charity form a trading subsidiary and transfer ... Continue Reading
I wish to claim Time Apportioned Reduction (TAR) on a qualifying foreign policy and understand that I show the amount of the chargeable gain on the supplementary page SA106, and declare the chargeable event gain in box 43 and the number of years of the policy in ... Continue Reading
Hello IHT Forum What is the ownership start date of shares issued following a rights issue of qualifying Business Relief/BR Replacement Property? Will the 2-year BR qualifying clock for the rights issue shares start on the date the original BR was first owned? Or ... Continue Reading
Hello everyone, As my previous thread resulted in a dead-end, I thought I would start from a neutral position and ask if anyone had any advice on structuring an inheritance between a father and son with the following context: - Both Austrian citizens - Both long-time ... Continue Reading
Hi, I live between NZ and the UK. I have passports for both countries. For tax purposes I run my businesses from the UK. I have recently created a Learning Management System, LMS. This is a portal where people can complete eLearning. I released a website 2 weeks ... Continue Reading
Hello, I am 14 and want to start self employment by selling products on eBay. Due to my age, my parents will create The eBay account in their name and will connect their bank account to receive money. However, they would transfer any earnings to my bank account ... Continue Reading
Say my SA bill is £250 &I don’t pay on 31 Jan 2025. There is a penalty of £100. On 28 Feb, I still haven’t paid, will I owe 350(1+.07/12)=350(1.005833)=352.04 ? If I still haven’t paid by 31 March, will this sum be compounded to 350(1.005833)2 =354.09... ... Continue Reading
