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Asked by msvird21
Tax
Q&A
Asked by dezzuttiyez
Answered by Richard Salter, IFA in Trowbridge, WILTSHIRE
In general seven years after you make the gift. There is however potential benefit after just six months or so as having given up the capital it can no longer earn you...
Tax
Q&A
Asked by yepezzheang
Answered by Richard Salter, IFA in Trowbridge, WILTSHIRE
If you make a pension contribution yourself from money receipted into your bank account from an employer then you will enjoy full reclaim (by the pension provider on y...
Tax
Q&A
Asked by starbees
Answered by Richard Salter, IFA in Trowbridge, WILTSHIRE
As husband and wife you are free to hand any amount of money between you without immediate taxation concerns under the interspousal transfer exemption. Indeed even if...
Tax
Q&A
Asked by laiekahmed01
Answered by James Brooke, IFA in Walthamstow, GREATER_LONDON
Because, if they were a shareholder in the company, they could then pay themselves dividends rather than salary or bonus and this would avoid National insurance and th...
Tax
Q&A
Asked by Bretto123
Answered by Richard Salter, IFA in Trowbridge, WILTSHIRE
UK income tax now allows everyone at least £8,105 of income in a tax year before being hit with income tax on any income over that threshold. There are higher thresho...
Tax
Q&A
Asked by grantde
Answered by Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE
this is known as a PET potentially exempt transfer - and could be subject to inheritance tax depending on your father circumstances
Tax
Q&A
Asked by carol.mackinnon
Answered by Darren Smith, IFA in Basingstoke, HAMPSHIRE
Hello (sorry i dont know your name as you didnt post it!) in terms of your brother, there is no CGT liability as he received the asset however from your mother's pe...
Tax
Q&A
Asked by lisaashford
Answered by Darren Smith, IFA in Basingstoke, HAMPSHIRE
Hello Ashford you need to register with HMRC within 3 months of commencing self-employment. This is in order that your national insurance contributions can be set u...
Tax
Q&A
Asked by elfed_higgins
Answered by Darren Smith, IFA in Basingstoke, HAMPSHIRE
Hello i have answered more fully on another of your questions but yes, you can save and print copies of all HMRC online data both before submission and after. the d...
Tax
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