Hello, I am a UK tax resident and domiciled, and my family members, who are not UK residents, would like to gift me a large sum of money to help me buy a house in the UK. Would this gift be subject to income tax? Thank you for your time. Please let me know if ... Continue Reading
Hello, I'm hoping someone can help me understand SA108. We (my wife and I - joint tenants) sold our UK house (PPR) this tax year after moving to Australia 4 years ago. We completed the non-resident capital gains tax online form and paid the tax due. Now completing ... Continue Reading
Four siblings inherit their mother's property. One has been living there for some years (call them A). The property is worth £600,000. Siblings B, C and D decide to create Deed of Variation and hand over their part of the inheritance to A. Will A be liable for ... Continue Reading
I have set my VAT return dates to monthly and it shows August as the next return due date for the dates 20th May until 30th June. I was under the impression I would need to do them monthly. Is the return for the whole of July going to be needed for August too? Continue Reading
After I make a payment to HMRC how long does it take to show up on HMRC app Continue Reading
After I make a payment to HMRC how long does it take to show up on HMRC app Continue Reading
Hi Everyone, just signed up. I have a building plot attached to my existing house which is my primary residence. I believe that I could sell or develop this plot without incurring CGT because it is part of my PPR. However If I sold the existing house first to ... Continue Reading
Hello Can anyone advise please. My friend if 55 and she has always lived with her parents, the latter years she has been caring for her parents, whilst still working. They would like to leave her the house (circa 500k), and avoid inheritance tax if possible. Does ... Continue Reading
