Posts List

HMRC are out for Blood!
By Marie walshe In Uncategorized Posted May 7, 2018 0 Comments
My client who has been questioned by HMRC for almost 2 years now. The initial return under enquiry was prepared by another firm. Two years of questions by HMRC. The enquiry is in relation to capital gains tax on property disposals. £550,000 of capital expenditure was claimed on one property. Documentary evidence is available so […]
Save Tax – Don’t Incorporate
By Marie walshe In Uncategorized Posted April 30, 2018 0 Comments
Its the new black, everyone wants to do it. Incorporating a Rental Property Business. In this case there is no mortgage on the property, so there are no issues with interest rate relief. But incorporating is easier than dis-incorporating. This is where the property reverts back to the hands of a sole trader. Rates could […]
  • Ooooh losses  – Whatever will we do?
Ooooh losses – Whatever will we do?
By Marie walshe In Uncategorized Posted April 10, 2018 0 Comments
He has a loss of £10k to carry forward from his properties. He moved back into his solely owned flat for an entire tax year, renovated his main residence, then let it again. He then let a separate property with his wife (and made a small loss for 16/17). Could these losses be carried forward […]
He has actually valued it, sufficient reason for a few people supporting out, some care packages that were really great have been directed.
By Marie walshe In Uncategorized Posted March 28, 2018 0 Comments
Here are the simple in-depth instructions to assist you specially in writing a great essay. Sometimes students believe they will have done plenty of research yet this isn’t reflected inside their standards for creating an article. At the 1st phase, you must decide a fantastic theme for your own essay. The debut of an article […]
Should I fill in box 17 or box 20?
By Marie walshe In Uncategorized Posted January 17, 2018 0 Comments
Did you have to fill in a claim for Entrepreneurs Relief on gains on unlisted shares and did the software come up with HMRC validation errors? The software provider says you need to put the gains in the other property, assets & gains section of Tax Return to get a result in box 17 and box […]
Quick Sale or Slow & Steady
By Marie walshe In Uncategorized Posted November 28, 2017 0 Comments
Client has properties in both his own name and ltd company. Properties purchased over many years starting early 1990’s. He now wants out. He is complaining about recent tax changes Is there any economic merit re selling company shares would be my first question. Hate to say that from observation it is usually not worthwhile re […]
Ho Ho Ho, It’s Magic
By Marie walshe In Uncategorized Posted October 22, 2017 0 Comments
I have a client who bought a house for his daughter a few years ago because his daughter could not get a mortgage. House and Mortgage in clients name. Client now wants to sell and sale price is £260k compared to purchase price £125k so as it stands a significant CGT bill at 18%/28%. Daughter paid my […]
We Just Enter Data
By Marie walshe In Uncategorized Posted August 29, 2017 0 Comments
Some of my clients don’t want to claim the full benefit of their expenses and quite often there are interesting reasons behind this which can be difficult to understand. I have sole trader client with a portfolio of rental properties and have prepared her tax return for a number of year. Client does her own bookkeeping on spreadsheets […]
Tax rises drive up home insurance premiums
By Marie walshe In Uncategorized Posted August 5, 2017 0 Comments
Home insurance prices are increasing due to an impact of government tax rises, according to insurance market research agency Consumer Intelligence. Home insurance premiums rose fastest for over-50 householders with above-inflation growth of 3.6% to £117 in the year to April 2017, compared with just 1% for under-50s to £124. Annual premium prices rose by […]
Lending to first-time buyers hits 10-year high
By Marie walshe In Uncategorized Posted August 5, 2017 0 Comments
Mortgage lending to first-time buyers hit a 10-year high in March this year, research from the Council of Mortgage Lenders (CML) shows. While the number of people moving home decreased year-on-year compared to March 2016, first-time buyers received more loans this year than in any month of March since 2007. According to the CML, first-time […]