I have a client who owned an apartment in Spain jointly with his sister which they sold in 2013/14.
Landlord, Self Assessment:
I was helping a relative file her tax return yesterday and something very odd happened. She is employed and a higher rate tax payer but has a spare time self employed activity as a swimming tutor
A UK resident LLP operates and prepares its accounts in dollars.
The partners share is also established in $ to the UK partners.
A quick one which is not applicable to this year's SA return but will be next year.
A sole trader who was running a restaurant ceases to trade in 2010/11 with unrelieved trading losses. Losses couldn't be offset at the time.
Way back in the day, BATA reached an agreement with HMRC whereby aircraft meeting certain specifications would be treated 50% as main rate asset and 50% as special rate asset (having life exceeding
Client has relevant earnings in 2011/12, 2012/13 and 2013/14. Cessation loss in 2014/15 to be carried back.