An upper tribunal decided that HMRC was correc
capital
.........take around £150k cash assets as a capital distribution, under ESC C16.
3
A client was a majority shareholder in a limited company which folded in the 80s, having been worth a modest but worthwhile amount at 31 March 1982.
2
I understand that on preparing a balance sheet some people treat uncleared cheques to creditors as a current liability.
4
If the buyer elects to pay for goods in full (ie clearly incurs the expense) within one accounting period but the goods are not delivered until the next accounting period (but within four months of
1
I have a client who has received an offer of £325k for sale of her shares in her trading company, (qualifying for entrepreneurs relief), structured at £32,500 per annum for ten years.
7
We replace a pump (a big pump, 6k's worth), it's part of the building's heating and water infrastructure.
7
A client put funds into a Barclays Carry Index Exchange Traded Note and realised a gain of £12k.
Just wondered what the latest thoughts are on whether the replacement of storage heaters with central heating is capital or revenue in a residential letting?
8
I have just bought the property next door, I'll keep the garage and let out the bungalow. I am going to complete some works changing windows and erecting a serious fence.
2
