can I pay my 14 years old daughter salary from my buy to let rental income. if so, 1- how much I am allowed to pay her? 2- how to declare it in my tax return? she is heling me with running the properties which are all in my sole name. Continue Reading
Hi TWeb, I'm sure this has cropped up before but I'm struggling to find a thread. Simple question really. I have a rental property that has an old slate roof on it. The house is old, built around 1880. It is losing tiles regularly and needs a fair amount of ongoing ... Continue Reading
I currently live, work and pay taxes in Switzerland. My plan is to retire later this year and return to the UK for a short period of time before permanently relocating to Spain, where I have property & hold a residency permit. The UK has a favourable tax situation ... Continue Reading
Hello, I have a question regarding a gain made on a foreign life insurance policy I recently surrendered my policy and received the lump sum. The gain (adjusted for TAR) will go towards my taxable income for this year Can I use this amount as part of my overall ... Continue Reading
Hello, Some years ago, I sent HMRC S.260 claim forms relating to the gift of shares to a trust in 2020/21. In these circumstances it is unnecessary for the transferee to sign the forms - the signature of the transferor is all that is required. However, the trustee ... Continue Reading
Hello, Some years ago, I sent HMRC S.260 claim forms relating to the gift of shares to a trust in 2020/21. In these circumstances it is unnecessary for the transferee to sign the forms - the signature of the transferor is all that is required. However, the trustee ... Continue Reading
Hello, I was sent a simple assessment calculation (PA302) dated 24/10/19 advising I owed HMRC £906.40. I challenged this immediately and was told it was being written off. Not being used to dealing with HMRC I did not take any names of the people I spoke to over ... Continue Reading
Looking for some advice please. I am a serving member of the Armed Forces and currently live in married quarters. I let my home out under a 'consent to let' on my residential mortgage and after a change of circumstances, I have just put it on the market for sale. ... Continue Reading