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Cutting tax
Archives for August 2005
Discussion List
Inheritance Tax - Agricultural Exemption
Hi, I wonder if anyone can help. My father was a farmer, so following his recent death I'm aware that the land and a proportion of the farm house will be covered by the agricultural exemption as far as inheritance tax is concerned. Will the farm, business be covered in the same way? By this I'm refering to the buisiness…
Inheritance Question
My girlfriends gran has a property in France that she ultimately wants my girlfriend to have, but there are some issues. The house was bought in the 60's and has never been declared in the UK for whatever reason. She has a will in the UK but there is no mention of this property. Apparently, since her husband died, her…
BTL Tax Relief
I believe you can offset the interest payments on a BTL mortgage against taxable income? If I buy my half of the house when I divorce and let it out, would I be better off taking out a BTL mortgate for more than my half (to cover additional costs and thus increasing the interest payments) or would I be better keeping the…
Capital Gains Tax and PETs
Hello, I have an informal query for which I hope somewhere here may be able to provide illumination. I have looked through the last 16 pages of posts and I cannot find anything that is a reasonable facsimile of my own circumstances. Those circumstances are as follows. My father inherited 3 properties on the death of his…
2 properties for sale... how may CGT apply?
I am selling my primary residence (owned for 2 and a bit years) and moving overseas. I am also considering selling a second residence (a flat that was used during the working week) owned for just over one and a half years. I am unsure whether i will pay CGT on the second residence. I am assuming that it has increased its…
Having to put flat for overseas collegue in my name
Hi Could I just check please. I work for a company in the UK. Only a few of us and I run it. We are owned by a very large overseas company. One of my overseas collegues is going to study in the UK at university part time and be based in the UK office most of the time. Studying costs are being paid for by the parent…
Nanny and tax situation?
we are looking at taking on a nanny on a part time basis. can they be self employed? what is the law with regard to them being self employed? thanks in advance
PAYE, IR35, CORP TAX & all thing in between.
I have given up my perm job & got myself a rolling 6 month I.T. contract via an agency. I was given the option to either work under an umbrella company or set up my own limited company. I decided to set up my own limited company as this seemed to be the most beneficial method of increasing my salary & not paying my new pay…
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