So they've had to make a decision.
If you receive a grant for funding a business, is this treated for tax any differently or just as capital?
has anyone got any links on this subject?
I am trying to complete the tax return for a self-employed locum GP.
I cannot believe what I have just been told on the the Revenue's 'Employer Helpline'
Had meeting with client/HMRC recently - in discussion with client after the meeting it now appears that there has been a source of income omitted for 4 years - non-business source lodged in private
In 1997 my client, now aged 84, inherited from her late husband a half share in a property with a sitting tenant who paid a very low level of rent.
An individual has 2010-11 income of £30K, and gains arising in the year after budget day, net of any annual exemption and brought forward losses, in the following amounts:
I have a client who obtained a professional valuation for some chattels as part of an estate, due to security concerns these items were sold at auction shortly after the death.
My client is a director of a company which is registered for VAT. The company pays VAT on it's sales but is unable to claim very little back through it's purchases.
Am i right in saying ERR is calculated before deduction of Annual exemption allowance (£10,100) and any losses available to offset against capital gains?