The conversion work was done in 2016, which was when the building was split into three flats. All the enhancement expenditure was on the two first floor flats, which prior were four letting rooms in the guest house business which ceased 1 April 2016. I have split ... Continue Reading
Hi, I'm filing an annual corporation tax return for a micro entity company. Using web filing via the govt gateway. You get the option to only file the Balance Sheet to Companies House, and forgo 1) the Directors Report and 2) the Profit & Loss. All 3 get ... Continue Reading
I’m hoping someone can advise please. My salary is just under £100K. I’ve found out that my company may be paying two bonuses this year. One in July and one in August. If paid this could be up to £35k. It could also be much less. At the moment my tax code ... Continue Reading
Hello, I understand that profits from spread betting are generally exempt from tax in the UK. My question is that if someone other than myself acting for me makes profits for me through spread betting am I then liable for tax on any profits ? Thanks Continue Reading
Good morning everyone, I'm looking to transfer my residence to a limited company. Is there any possibility to have private residence relief on the CGT or possibly defer it? Any advice or guidance would be appreciated. Thanks Continue Reading
Whatever we try we cannot get a utr. Passport is new driving license is up to date, phoning hmrc several times has resulted in nothing it seems no one can help. The fines have started coming now. A letter has been written but there's been no reply. At a loss what ... Continue Reading
Is there any software out yet for Income Tax MTD? What is the likely cost? I only have 3 clients who will need it for 2026/27. Continue Reading
I have had an architect draw up plans to split my block of flats into 3 separate title deeds. The 2 first floor flats are now leasehold and our flat, the ground floor flat, is freehold. Each flat is being sold separately, so the costs of selling are based on the ... Continue Reading
