If the transfer of property is between spouse/ civil partners at no gain/ no loss. Do we still have to file CGT return?
If the transfer of property is between spouse/ civil partners at no gain/ no loss. Do we still have to file CGT return?
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If the property is transferred between unmarried partners for no consideration, what will be the base cost of the transferred property in case of purchaser?
If the property is transferred between unmarried partners for no consideration, what will be the base cost of the transferred property in case of purchaser?
Read lessOne of our clients which is a company had taken tax advice in relation to capital gains tax, now we are preparing their accounts will the fees we charged for this advice be a revenue in nature or capital in ...Read more
One of our clients which is a company had taken tax advice in relation to capital gains tax, now we are preparing their accounts will the fees we charged for this advice be a revenue in nature or capital in nature?
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My wife is buying New property in UK? I want to know the full process for buying the Second Property.
My wife is buying New property in UK? I want to know the full process for buying the Second Property.
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What’s the treatment of a Fixed Asset used by the client partially for their personal use and partially for their business? Should we capitalize pro rata amount on purchase and depreciate that amount or should we capitalize the total cost ...Read more
What’s the treatment of a Fixed Asset used by the client partially for their personal use and partially for their business? Should we capitalize pro rata amount on purchase and depreciate that amount or should we capitalize the total cost of asset? Also, what could be it’s tax implication?
Read lessIn this year, he carried out some of his consultancy through XYZ Ltd. He carried out remaining of his consultancy through ABC Ltd. ABC Ltd is a company which he uses only for his consultancy business. For coming year, he ...Read more
In this year, he carried out some of his consultancy through XYZ Ltd. He carried out remaining of his consultancy through ABC Ltd. ABC Ltd is a company which he uses only for his consultancy business. For coming year, he plans to close ABC Ltd and do all the consultancy business through XYZ Ltd. He will also register for VAT (as turnover reaches threshold). Please suggest any disadvantage or advantage of his plan.
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