In 2013 I was trading as a freelance but never got paid 8 months in a row. I was being stopped tax by the practice but I never reported this income because I'd started practicing through a limited company. I had tried to get the money off this limited company but ... Continue Reading
Hello, I own a flat in a student halls of residence. I am thinking of gifting it to my adult daughter. She is currently renting but will in a couple of years buy her first property. Would the fact that at the point of purchase she owns a flat in a student hall ... Continue Reading
Hello I bought a property some years ago but was unable to refurbish it owing to ageing parent commitments for 15 years etc. Over the years, the property has become derelict and now that I am retired and have taken a pension lump sum, I can renovate it. I paid ... Continue Reading
Hi Please can you tell me how to treat an invoice for paints bought by an artist who has just registered for VAT. The goods were purchased 6 months before the date of registration and some of the paints will have been part used. Does the invoice need to be apportioned ... Continue Reading
Good Afternoon, Should the ex-dividend date or distribution date be used for notional dividends in a Sec104 holding? Quilter and Fidelity say use the ex-div date. The law says use the distribution date. David Refs: Quilter does: https://www.quilter.com/4a16e8/siteassets/documents/platform/guides-and-brochures/20719-cgt-quick-reference-guide-2-section-104-holdings.pdf Accumulation ... Continue Reading
I am 78 y/o considering how to mitigate impending IHT on pension savings. Looking at annuities as a workaround with a view to the following: Buy an annuity with (say) £250k of ~£1M pension pot (already in drawdown, have taken max lump sum but am not drawing ... Continue Reading
I have an distant elderly relative who has income (State pension, Occupational pension and savings income) which just exceed the basic rate allowance. She regularly makes charitable donations with my assistance to bring herself back to basic rate status every ... Continue Reading
My wife completed her return and signed and dated it in March. However, she omitted to send it at that time and has been working abroad since then. Will HMRC accept the return if I send it now? Continue Reading
