My client is a VAT registered Ltd Company that owns a portfolio of rental properties both commercial and residential. The company purchased some land adjacent to a pub on which they incurred VAT. In order to reclaim the VAT, my client opted to tax. The company is now in the process of selling the land to a developer.
Implications of providing services to business customers within the EU for un-registered UK businesses.
I have a client who is non-resident in the UK having lived and worked abroad for the last 7 years. He currently owns a property (and this is recognised as his principal private residence) in the UK that was his main home before he left to work abroad.
My client took out finance to buy into a partnership. The interest on this loan is qualifying loan interest and therefore tax deductible. The partnership has now been incorporated into a Limited company.
My girlfriend and I are about to buy our first home together and I am concerned that we may have to pay the higher rates for stamp duty. My girlfriend will sell her flat but I’ll keep my buy to let which I will continue to let. Will we have to pay the higher rates […]
Will the overseas telecoms company have to pay VAT on charges for siting a mast on a farmer’s land?
My client runs a construction company and the director is considering using self-billing arrangements. I understand that there needs to be self-billing agreements in place that comply with the requirements in VAT Public Notice 700/62 and that each self-billing invoice needs to contain the statement ’The VAT shown is your output tax due to HMRC’. […]
Query about planning a jointly held property both for income and for inheritance tax
My client spends time working from home and wishes to claim a deduction against her trading profits for use of home expenses.
My client is purchasing a commercial property and will be paying VAT on the purchase because the vendor has an option to tax on the property. My client intends to use the property for making fully taxable supplies. Will my client take over the option to tax from the vendor when the property transfers and […]
My client has a construction company and intends to buy a couple of caravans to temporarily house workers who cannot easily commute to the building sites. There is also the benefit of having some additional on-site security. Can the company claim plant and machinery capital allowances on the cost of the caravans? Do the caravans […]
My client has been paid twice by a customer for the same invoice. He has tried to contact them but without success as they appear to have gone out of business. Does my client have to declare output tax on the overpayment? Is output tax due on the overpayment? No, where an overpayment is received […]