My clients are husband and wife and own a property portfolio (approx 20 houses - all residential, none PPR) with their son.
My client has allowed her house to be used as security for a loan taken out by her son of £200k.
Are there any IHT implications for my client?
I understand that AIA is not available in a partnership where one of the partners is a limited company as per s38A CAA 2001.
Need to tap those juicy knowledge-filled brains of yours again if I may?
Husband died in 1995, leaving his half share of the house then valued at £150,000 to the trustees of the nil rate-band Discretionary Trust set up by his Will. The wife was one of the beneficiaries
Have a client who needs to raise some finance on a rented property that they own.
I want to find the effective date of registration of a Company which has no paperwork regarding this. Please can you help
As I understand it, the benefit in kind of a company car is negated if the employee reimburses the limited company with a capital contribution of £5k and the annual value of the benefit in kind.
We have been approached by an Irish company that owns a rental property in London.
Over the last few weeks we have received a string of unsolicited tax calculations (on form P800T) from PAYE offices in respect of self assessment and R40 client's for whom we act.