Recent content by iftg

  1. I

    Redeeming from SIPP

    To be clear, I understand that I can take out 25% of the pot as a lump sum. The question is, how much of "taxable" money can I redeem without paying tax in my particular circumstances (£5,000 in bank interest)?
  2. I

    Redeeming from SIPP

    No
  3. I

    Redeeming from SIPP

    Several years ago I made 3 investments, each of £16,000 into SIPP, complemented by £4,000 from the government. The current value of my portfolio is £50,000. My only other income is bank interest (£5,000). I am over 55. How much can I withdraw from SIPP in 2025-26 tax year without paying income tax?
  4. I

    Dilapidation charges after several short leases

    About £3,000.
  5. I

    Dilapidation charges after several short leases

    They hadn't said what exactly was to be done. They simply charged us after we left. We had been sure we were within fair wear & tear.
  6. I

    Dilapidation charges after several short leases

    Good point re the reference to the first sentence. Thank you.
  7. I

    Dilapidation charges after several short leases

    The photographic evidence wasn't taken. The procedure was not followed by the Landlord. The Landlord is not claiming there was a damage beyond fair wear and tear. They rely on the full stop in the middle of "Save for natural wear and tear, to keep the property and fixtures and fittings in the...
  8. I

    Dilapidation charges after several short leases

    "Save for natural wear and tear, to keep the property and fixtures and fittings in the same state of repair as they are on the commencement date. Any works required to reinstate the property or the fixtures and fittings will be charged on the prevailing market rate and payable by L on written...
  9. I

    Dilapidation charges after several short leases

    R rents an office or a flat from L several times, each year signing a one-year lease agreement. Before the first lease but not before the other leases R accepts the property from L in a certain documented condition. L pays visits to the property on a regular basis and doesn't express any concern...
  10. I

    Indefinite leave to remain without employer's support

    Unfortunately, the Home Office does not provide advice which involves looking into personal circumstances.
  11. I

    Indefinite leave to remain without employer's support

    My tier 2 general visa expires on 30 June after which I become entitled to an ILR. I have spent a lot of time (but within the limits) outside the UK. The Home Office seems to require at least a confirmation from the employer that my absence was due to business trips, holidays, etc. It is likely...
  12. I

    Royalty income taxation

    In what jurisdictions a corporate tax on royalty income received from a UK LLP is zero or very low? (Clearly, I am only interested in jurisdictions whose double taxation agreement with the UK will save from the withholding tax on the royalties.)
  13. I

    Own shares in foreign company. Should I pay tax on its profits?

    Assume I own 50% of a company incorporated in Malta or Cyprus. This company invests in shares of other companies and funds outside the UK as a passive investment entity. I do not manage this company. So long as this company does not pay dividends, do I have to pay a UK income tax on its profits?
  14. I

    Inheritance tax, deemed domicile

    Thank you. In my case, will my deemed domicile (permanent home) considered to be abroad?
  15. I

    Inheritance tax, deemed domicile

    I have two homes, one in the UK and another one in my country of origin. For example, in 2016 I spent about 220 days in the former and about 110 days in the latter. My second question is about the tax-free allowance and how it will differ depending on whether I should own a property myself or...
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