Several of my limited company clients allow directors/shareholders to overdraw their director loan accounts. What should be considered in this situation?
Query about raising funds using an Enterprise Investment Scheme (EIS)
The proprietors have spotted a gap in the market and wish to expand into that field. The company is looking to raise further share capital through another round of EIS investment. What are the restrictions given the age of the company?
Does VAT Recovery on a Building Mean VAT on the Sale?
My client is selling a property on which he recovered VAT a couple of years ago and has been occupying for his trade, and therefore I assumed that he must charge VAT on the sale. The prospective purchaser is hoping to develop four flats to let out so he won’t be able to recover any VAT, and his accountant believes that there is a way around this because our client purchased the property for less than £250,000.
Query about benefit in kind
The company provides some employees with Company cars that are hybrids. The employees are also provided with fuel cards that are available for their private use and receive a fuel Benefit in Kind in relation to the car. However, the cars are plugged in and charged at home can the employer offset this cost against the fuel Benefit in Kind?
Query regarding principle private residence relief
My client has a question about principle private residence relief.
Query about deemed supply at deregistration
As a jobbing builder, my client has reduced the number of projects he takes on as he approaches retirement, and as a result, his turnover has fallen below the VAT threshold and he wishes to deregister.
Private Residence Relief (PRR) and delayed occupation
Relief under s 222 TCGA 1992 will be available in full to relieve any gain from being chargeable. However, this is only the case if the dwelling-house has been the individual’s main residence throughout the period of ownership. Under s 223(1) TCGA 1992 the last 18 months are deemed to be a period of occupation […]
About tapered annual allowances
My client is concerned about his pension savings and has heard about the tapered annual allowance.
VAT registration – a fresh start?
Can the partners make a fresh start with their VAT registration?
Transfer of property income to a spouse
Can I assign the income from my investment property to my spouse so it is taxed at a lower rate?
Divorce and property
Selling the family home during and after a divorce and the effect this may have on claiming Private Residence Relief (PPR)
Recovery of Input Tax on Cars
If a company buys electric cars then the VAT incurred on the purchase can be recoverable as input tax. Is this correct?
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