Recent content by Brsln2

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    Rollover relief on let property

    Hi, I am wondering whether it would be possible for someone to claim rollover relief if they sold one of the 2 investment properties they own (none primary residence) and buy another. This person owns the investment properties personally, which the income has been declared in the personal tax...
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    3% SMP Employer Compensation

    Hi, I was wondering whether the 3% employer SMP compensation is taxable income for corporation tax. Thanks Baz
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    Rollover Relief

    No it is not a homework question but a genuine one.
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    Rollover Relief

    Hi Here is a case; Paul personally owned and lived in his property most of its ownership period then moved to Scotland and let out the property and then sold it. Because of the let out period he has to pay capital gains tax. But soon after he bought a buy to let property from the proceeds of...
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    Buy to let property through a Limited Company

    Dear David Thank you very much for your thorough explanation and time. Much appreciated.
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    Buy to let property through a Limited Company

    I wanted to do this because I know lenders will not give good rates for my company.
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    Buy to let property through a Limited Company

    Thanks Mike. It was me buying the property and I was wondering whether I could deal with the taxes through my limited company without company owning the property. I thought I couldn't. Thank you.
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    Buy to let property through a Limited Company

    Hi I was wondering whether it is possible to buy a buy to let property in my personal name but have my limited company deal with income & expenditure side. In other words, can I own the property but let the company have the income and expenditure related to it. And I believe the company...
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    Loss on Property Income

    I was wondering whether it is possible to set losses on property income against employment income or any other income. I don't think so but I just want to double check and will appreciate your help. As far as I know you can set property losses against only future property income. Many Thanks Baz
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    Cafe Shop Taken over, can we claim capital allowances?

    Thanks bb That makes sense, the previous owners would have had a balancing charge on disposal. No, we are not connected with the vendor. Thanks very much.
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    Cafe Shop Taken over, can we claim capital allowances?

    Hi We bought an existing cafe shop which included fixed assets valued about £9,000 (fridge, freezers, cookers, tables etc). I was wondering whether we can claim capital allowances on them. The previous owners might have already claimed capital allowances on them. So is it right that we claim...
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    Payroll software for a small company

    My favorite is Moneysoft. Absolutely brilliant and reasonably priced.
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    R n D tax relief

    Yes that's correct, if company A pays company B to do some work as part of their R&D project and company A is a large company, even though if company B is a small company, it would have to operate the large company R&D relief scheme. Paul_Rosser, excellent explanation by the way. Many Thanks.
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    R n D tax relief

    Your company or organisation can only claim R&D (Research & Development) Relief, if it's liable for Corporation Tax. (I'm not sure about sole traders). There are 2 schemes to claim the R&D relief; • The Small and Medium-sized Enterprise Scheme • The Large Company Scheme An SME is...
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    Companies House Newly formed companies

    DrCaz I can't thank you enough. Much Appreciated. Thats exactly what I was looking for. God bless.
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