If the client had to pay trader 2 for what he had already paid trader 1 to do then the value of both payments is not reflected in the value of the building when it is sold. EG if he paid trader 1 £1000 to install to supply and install a window and then paid trader 2 £500 to finish the installation the the value of the improvement is £1000 not £1500. So he could only claim £1000 as an allowable expenses for CGT purposes
I am testing it at the moment with 2 clients with a view to moving across to it for all clients in April. My main reason for moving across is that I want all my software in the cloud and Moneysoft who I use for payroll at the moment say they have no plans to do a cloud version. So far I do not find it as user friendly as Moneysoft and for some bizarre reason it cannot do the alternative way for directors NIC which one would n't have thought was rocket science to set up. If you are a Clearbooks accountant partner the payroll bureau price is very competitive and Clearbooks support is excellent
My answers
If the client had to pay trader 2 for what he had already paid trader 1 to do then the value of both payments is not reflected in the value of the building when it is sold. EG if he paid trader 1 £1000 to install to supply and install a window and then paid trader 2 £500 to finish the installation the the value of the improvement is £1000 not £1500. So he could only claim £1000 as an allowable expenses for CGT purposes
4 years later and the form still won't download but thank you so much to
Ablake89 for the solution.
Clearbooks payroll
I am testing it at the moment with 2 clients with a view to moving across to it for all clients in April. My main reason for moving across is that I want all my software in the cloud and Moneysoft who I use for payroll at the moment say they have no plans to do a cloud version. So far I do not find it as user friendly as Moneysoft and for some bizarre reason it cannot do the alternative way for directors NIC which one would n't have thought was rocket science to set up. If you are a Clearbooks accountant partner the payroll bureau price is very competitive and Clearbooks support is excellent
I have done lots of EPS's for year end declarations on Moneysoft already.
Application submitted on line 21 Jan, certificate dated 23 Jan.
Application submitted 13 Jan, certificate dated 15 Jan.
So hopefully nothing changed since then.
Dr cost of new car £8,400
Dr cost of new car £8,400
Cr Profit on sale £7,000
Cr VAT control/VAT liability £1,400