Hello, I have (Ithink) a straightforward question, but HMRC have been no help on the phone. My situation is this: End of March 2025 I ceased working for my own limited company, and received a P45 (which I still have) In the meantime, I have lsemi-retired, and ... Continue Reading
Hello My daughter is due to get married in 2027. We her parents intend to pay the suppliers direct for her wedding costs which maybe £30,000 . Can we do this & also gift her £5,000 each at the time of the wedding free of IHT ? Or is paying for the Wedding ... Continue Reading
I am trying to fill the online form for Reporting Capital Gains tax on sale of UK property. Unfortunately I am non resident and cannot get verified so I have to use the paper form that is filled online and printed. I have two questions: 1) This is for a BTL ... Continue Reading
Scratching my head over options in buying a new PHEV car (have solar but not enough electric capacity for an EV without going to 3 phase!). I have a company that makes a profit, so initial thoughts were this was the most tax efficient way to finance a new car ... Continue Reading
Hello IHT forum Prior to death, the deceased had entered into a legally binding contract to purchase. In this case the deceased had agreed to buy a residential property. I have read some of HMRC guidance on binding contracts and BR relief. For the IHT calculation Does ... Continue Reading
Hi I have been trawling the web for some clarity. I want to demolish and rebuild a house , but keep a detached garage. I was assuming that it would be eligible for a VAT reclaim. For more clarity, i currently have planning permission for an extension, but not ... Continue Reading
One can make a cash gift up to £3,000 per tax year tax free. One can also transfer money to his child via "gifts out of surplus income" . Can you do this parallel i.e. you give your wife £3,000 per year and £500 monthly to your child out of surplus income ? Continue Reading
Seeking to understand what SDLT is applicable for ex spouse and I when we both buy new homes post divorce and post sale of family home. We also continue to own 50% share in some rental flats and a holiday let Continue Reading
