Hi, If one has a ltd company with a large cash balance, built up ,via share investment and business savings some 8+ years after no more trade carried on in the company, could HMRC decide dividends , paid over a number of years, are actually capital distribution ... Continue Reading
Hi, I have made a gain in share buying and selling in 2023-24. I also have lost about 3000 pounds worth of shares I had with Cineworld. Cineworld went bust when I still had these shares. I wanted to know where I can quote the loss, is this included in the losses ... Continue Reading
Hi, I have my first home outright in my name. Now I am looking to buy a second home. From taxes and stamp duty perspective what is the best way to do this ? There are few options i thought of : 1) buy in wife's name - she is on a 40k salary and will likely have ... Continue Reading
I have a inherited sipp pension from my dad. He died after the age of 75 so any income I take is taxed as earnings. As I earn just over 50k a year any income I take from his pension would be taxed at 40%. My question is, if I was to increase my employee pension ... Continue Reading
The mortgage of a house is in the name of two brothers in which share of both is 50:50. Later, the salary of one brother has reached such a limit that he can manage the house alone. Now if the other brother's name is removed, can the stamp duty be refunded in this ... Continue Reading
Hi, My Mother in Law is thinking about moving into a Care Home. She is widowed (Her Husband died in 2001). Am I correct in assuming that if she stayed in her own home her threshold would be £1 million as she would have £325k + £175k RNRB on her property & ... Continue Reading
Hello, I am closing down an unincorporated small self-employed business with losses in the tens of thousands. I would greatly appreciate some advice on how I can use these losses to minimise my tax bill. I appreciate I may need to pay for specialist advice, but ... Continue Reading
I have a SIPP+ ISA My wife has only some State Pension income ( NOT FULL ) , NO SIPP or any other Pension plan She has substantial savings in an ISA. She has rental income from two properties ( about £ 8000 ) Can she start a new SIPP and what is the maximum she ... Continue Reading
