Question of the Week We represent a client who is going through a messy divorce. The couple own their main home and a rental property jointly. They separated in January 2022 whenRead More…
Gifting a Home
Question of the Week My elderly widowed client has made no previous lifetime gifts, but wishes to gift his main residence, worth £700,000, to his son as he believes this will saveRead More…
Medical Treatment for Employees
My client has a shoulder injury due to the work he does which is now stopping him from working. Is there a benefit in kind charge if his company pays for theRead More…
Corporation Tax Payment Dates
My German client received a nudge letter from HMRC regarding an unreported property disposal. The property was not rented out or used personally. It was a London flat acquired purely as aRead More…
Married Couples Allowance
My client is a UK resident individual who previously had dividend income and pension income amounting to around £30,000. In the current tax year, 2022-23, he will only be receiving pension incomeRead More…
Purchase of own shares
My client is a UK resident individual who owns 3000 out of 10,000 ordinary £1 shares in an unquoted trading company which he subscribed for upon creation of the company, he hasRead More…
Double Tax Treaty
My client, who is UK resident and UK domiciled has received income from abroad from which tax has been withheld. Do I simply return the income on the tax return and claimRead More…
AMAPs for employees
My company currently pays employees using the Approved Mileage Allowance Payments rates for business mileage. In view of their increased fuel costs, is it possible to pay them more without incurring anyRead More…
Employee Ownership Trust Funding
My client is a sole director/shareholder of a trading company and is considering his future retirement options. My client would prefer to sell the shares to his employees, but this is unaffordableRead More…
Trusts: Ten Year Charges and Exit Charges
My client has set up a UK discretionary trust on 10th October 2012. They have a property and a small amount of cash in this trust, but the value is under theRead More…