Member Since: 31st May 2011
26th Feb 2017
Not sure what entries took place in the accounts for the debt to be written off and the asset to then be shown on the company balance sheet.
To date I have seen the completion statement regarding the sale of the property so I have the proceeds and professional fees to include from that.
As I was not involved when the debt was written off I am right I thinking I go ahead with the proceeds less costs / enhancements use indexation and then my problem then arises on the our has price of the property. If I ascertain this the gain will be taxed at 28% on the basis that ER is not applicable to limited companies, do that sound like a fair judgement?
26th Feb 2017
I'm not sure it is relevant at all
23rd Feb 2017
You mean the capital gain?
26th Nov 2015
Will that then mean that the company will be restored so another set of accounts will be due?
8th Nov 2014
Would your advice have been that they are included on the overseas return as they will relate effectively to that self employed income which is shown in that return?
7th Nov 2014
Do you agree that the subs cannot be included on the return though?
28th Oct 2014
Are you referring to the IFA 2002 regime?
16th Oct 2014
So basically if I determine she is non resident on that basis alone the split year treatment cannot apply anyway so I'm wasting my time even looking at it?!
22nd Apr 2014
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23rd Mar 2014
Year end is 31 july 2014