Member Since: 19th Jun 2009
14th Sep 2020
Still married - just living apart temporarily. I know for PPR they can have only one residence but I can't find anywhere that same applies for SRT. I'm really puzzled why this issue is not covered in guidance or legislation so am convinced it must be there somewhere.
4th Feb 2020
Definitely bought only for business as company needed special spec one for a new piece of business. Cost £2.6K. Business is home-based but he has ipad and laptop for personal use. Bought personally because he used his own Amazon prime account and there isn't a company one. Probably didn't give much thought at time because the company wasn't expecting to need to be VAT registered. Bit frustrating that if the company hadn't been incorporated when he bought it, he'd be OK on reclaiming the VAT but because it was, it looks like he might not be entitled to.
12th Dec 2019
Thanks, that's good to hear.
6th Aug 2019
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.
31st Jul 2019
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.
20th May 2019
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.
14th May 2019
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?
10th May 2019
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.
10th May 2019
Just called Iris and unfortunately Open Space is no longer free and costs £1K + for non-customers of Iris. Any other suggestions?
9th May 2019
Thank you but I am not an Iris customer. I may be able to subscribe as a non-customer but does it work well?