by Phillip | 29 Jun 2021 | Business
My client is in the process of selling their main residence and has asked me if there would be any capital gains tax to pay on disposal. The property, located in Manchester, was acquired in March 2010 and my client lived there until March 2016 – they had taken a job...
by Phillip | 22 Jun 2021 | Business
I have a client that has taxable income for the tax year ended 5th April 2021 of £230,000 of which rental income is around £23,000 and attracts relief for the mortgage interest payments. Their employer has made £15,000 contribution and they have also made personal...
by Phillip | 17 Jun 2021 | Business
What penalties will I be charged if I am late submitting forms P11D and P11D(b)? Penalties for late forms P11D If forms P11D Expenses and Benefits are not received by HMRC by 6 July after the end of the tax year, penalties for late forms P11D can be charged....
by Phillip | 1 Jun 2021 | Business
Our practice is getting an increasing number of queries from clients who have bought electric cars which will be used for both business and private purposes. Please could you clarify how to treat input tax recovery on the charging costs for my clients? A supply of...
by Phillip | 25 May 2021 | Business
My client is a company whose trade is manufacturing kitchens and retailing kitchen appliances. The company no longer needs its original site where the business began in the 1980s and the directors are considering giving it to a charity which they know is looking for...
