I'd never seen that guidance before. Thank you. Client was at the meal but I'll check if there was a 'contractual obligation' - for example neighbour might have agreed that he would allow access to scaffolding provided he was taken out for a meal or something similar. Although I'm not sure how we'd be able to demonstrate that the value of meal was sufficient 'quid pro quo' for the access allowed.
Yes, that's what I thought but then I went to guidance on submitting SDLT returns to see if one was due: "You don’t need to pay SDLT or tell HMRC about freehold land and property transactions with a total chargeable consideration of less than £40,000, unless the total chargeable consideration includes any linked transactions. It is a linked transaction if all of the following apply:
(i) there is more than one transaction
(ii) the transactions are between the same buyer and seller ..... and
(iii) the transactions form part of a single arrangement or scheme or part of a series of transactions."
The exchange seems to come within that definition because it was between the same persons (ie our neighbours and us), so a return seemed to be needed. It doesn't specifically say that the buyer of each plot and seller of each plot need to be the same person acting in the same capacity for each transaction, just that the transactions need to be between the same buyer and seller. Probably over-thinking it all but there always seem to be bear traps.
Many thanks - I hadn't looked at that section because it was headed capital receipts. Not sure where underlying legislation is so will try to track that down.
Thanks Kevin, that was my impression from the trial, especially as in my experience clients don't use the portal for storing documents to refer back to. What is your experience as a practitioner of the product?
Apparently it used to be free for accountants up to a certain amount of storage. With GDPR, IRIS saw the value of their product and started charging. Some customers are apparently still lucky enough to have the free product but new customers must pay unless they are using an IRIS product.
Just called Iris and unfortunately Open Space is no longer free and costs £1K + for non-customers of Iris. Any other suggestions?
Thank you but I am not an Iris customer. I may be able to subscribe as a non-customer but does it work well?
I'm thinking of moving from Digita to TaxCalc. Can you expand on what was better about Digita's PT product compared with TaxCalc? On brief overview TaxCalc interface etc seems much more straightforward and guidance/help easier to follow. After a couple of years' use, what are your views now? I find a lot of important input screens on Digita are effectively 'hidden' but it looks like it might be similar with TaxCalc. Preparing and amending reports and information requests seems much easier on TaxCalc.
I've struggled with Onvio for three years now and am about to throw the towel in and move elsewhere. It has been and still is anything but user friendly. Promised improvements take months and years to arrive. It is dreadful with e-signing because you cannot dictate where the signed documents are filed. The only e-documents I can send have to be prepared on Cute pdf writer rather than Microsoft. The system sends out numerous emails (including when documents are moved between folders) which really winds up clients. I could not recommend as a practical and flexible system for a small practice. Oh, and only about a third of my clients are happy with it. Some loathe it.
Thanks for feedback and BrightPay suggestions, however, it seems quite expensive for a total of 26 payments a year. I am not VAT registered so the cost is £300 a year, which is over £11.50 a payment (plus the cost of my time). Is there anything cheaper out there?