I would simply write to the client and say that I do not agree with the proposed amendments, and if they (the client) wishes to finalise the accounts on that basis, I will provide the draft figures and let the new accountants finalise them. I would list point by point why I disagree with the amendments.
A comment I have received is 'I understood the position to be that between husband and wife transfers, the spouse receiving the shares is considered to inherit the date of the donor spouse. So the date the gift is made is not relevant for BADR purposes'
I fully understand the nature of CFDs. I invest in them myself. I have asked for comments from people who have dealt with recording these transactions.
My answers
I would simply write to the client and say that I do not agree with the proposed amendments, and if they (the client) wishes to finalise the accounts on that basis, I will provide the draft figures and let the new accountants finalise them. I would list point by point why I disagree with the amendments.
A comment I have received is 'I understood the position to be that between husband and wife transfers, the spouse receiving the shares is considered to inherit the date of the donor spouse. So the date the gift is made is not relevant for BADR purposes'
Thus, I wanted to explore this.
Thank you, but I was seeking some solutions.
The sale could not await the 2 year ownership rule.
Following on from my original query above, I would like to hear from IRIS users who have remained faithful and their reasons for doing so.
Never heard of them. Will look them up.
Yes, trainees' salaries.
I accept most grants are taxable, but querying to establish if this falls within the ambit of 'most grants'
I fully understand the nature of CFDs. I invest in them myself. I have asked for comments from people who have dealt with recording these transactions.
I stand corrected - contract for difference.