In all ways resident and in all ways a U.S. taxpayer, I have retained landed property interests in the U.K. Do I have to pay British 20% VAT on agent's, solicitor's and accountant's fees?
Done that in the past but little gained or found from the end result.
the old fully audited accounts of yester year with rents, commisions payed, individual maintenance expenditure on properties, changes in rental income, and all not brought shewn even in the resulting a/c's.
even amajor long term landed investment - parts sold off off, etc. not forthcoming. found without going into lengthy investigation through local authority offices, land registry and all only to hear of an expensive failed joint planning application and appeal and an application for trimming back a few trees.
Objective and not an undue troublemaker, I found the audit was little more than a check of the figures shewn in the brief unaudited accounts.
Further I can do as I soundly have doubt re the objectivity of the runningof the company in several ways and certain missed opportunities I would very much like to have a lead.
For honest joe who is a minority shareholder of a small audit exempt company the problems he faces to see what the company is doing is almost unsummountable unless he has the funds to employ a solicitor to delve and start throwing his weight about.
Not that my own intent is to cause problems but as the only non-director of a three shareholder company, I find to get a sound idea of the investments and trading of a small property investment company almost impossible with reticent and very scant information forthcoming through questions at agm etc.
I firmly believe there should be an avenue that allows a shareholder, in my case a 1/3rd holding of the ordinary shares - the only shares issued - ease of obtaining fully audited accounts without recourse to heavy and expensive legal process.
There will be thousands in the same situation as myself who have either inherited shares or invested and later found themselves without directorships and or denied everything except, simply, a quick balance sheet and p and l account.
the opportunities of fraud and mis-handling of assets, etc. are obvious. transparency leads to confidence and better communication and the better chance of fulfillment of opportunity.
the above may seem naive but this is from my own experience in a small family company.
it depends if he uses blue whitener or not. also it maypay him to declare whether he has a green washing machine powered bt altermative energy sources.
important as the washing machine and solar panels or ground source heat pump may be able to set off.
but he will have to move fast as the feed in tarrifs are due to be reduced in the near future.
practical experience has proved whilst all is rosey and cheery to start with, the matter is not so much taxwise but one that can cause rift and money into the hands of lawyers with competition, conflicts and all the worst ahead in the future.
how much to charge for one of the worthy employees or self employed at stringfellow's. are they self employed or is subject to years getting the notorious case before the supreme court.
interesting that in the report in the times, the question of capital allowances and depreciation of the worthy's was infered. 10 or 20 year down the line depreciation applicable?
if you never ask, you never know.
by the way is the cost of the shoes for the black cabbies's records allowable.
they really may be better if they put their circulars inserted in the free door to door newspapers like the special offer i had today for 'buy one pizza, get one free'. at least the majority of people open the paper. at least it would save the pizza shop supplying paper serviettes on its home delivery service.
but ....... this may be too simple to fathom out and require intense public consultation over a period of at least six months after a barrage of 300 page publically accessible reports complete with multiple colored pie charts demonstrating all manner of subjects from demograhics to the efficiency of the deliveries to the effects of carbon reduction and the speed of the proposed high speed rail through the green belt areas of britain which will no be tied in with the presence of protected species such as dormice and the great crested newts.
i think the country like myself is tired of the mystery of the bureaucratic quangos of the last ten years where anything common sense and objective was rejected behind unfathonable screens. legacies, and many now endemic attitudes are still prevalent.
My answers
Uk Fees and Vat in U.S.
In all ways resident and in all ways a U.S. taxpayer, I have retained landed property interests in the U.K. Do I have to pay British 20% VAT on agent's, solicitor's and accountant's fees?
From the comments above it would seem not.
alternatives
the national anthem by the massed bands of the royal marines and the gusrds regiments and land of 'ope and glory.
music
Brahms, Mendelson and Chopin.
Believe me.
dodgy accountant.
certainly suffered one for many years.
big money, had all family wrapped around. but he died a worried man.
unfortunately this event happened just before his wrap was about to be blown.
Thanks for the suggestion
Done that in the past but little gained or found from the end result.
the old fully audited accounts of yester year with rents, commisions payed, individual maintenance expenditure on properties, changes in rental income, and all not brought shewn even in the resulting a/c's.
even amajor long term landed investment - parts sold off off, etc. not forthcoming. found without going into lengthy investigation through local authority offices, land registry and all only to hear of an expensive failed joint planning application and appeal and an application for trimming back a few trees.
Objective and not an undue troublemaker, I found the audit was little more than a check of the figures shewn in the brief unaudited accounts.
Further I can do as I soundly have doubt re the objectivity of the runningof the company in several ways and certain missed opportunities I would very much like to have a lead.
honest joe
-- ed brown
For honest joe who is a minority shareholder of a small audit exempt company the problems he faces to see what the company is doing is almost unsummountable unless he has the funds to employ a solicitor to delve and start throwing his weight about.
Not that my own intent is to cause problems but as the only non-director of a three shareholder company, I find to get a sound idea of the investments and trading of a small property investment company almost impossible with reticent and very scant information forthcoming through questions at agm etc.
I firmly believe there should be an avenue that allows a shareholder, in my case a 1/3rd holding of the ordinary shares - the only shares issued - ease of obtaining fully audited accounts without recourse to heavy and expensive legal process.
There will be thousands in the same situation as myself who have either inherited shares or invested and later found themselves without directorships and or denied everything except, simply, a quick balance sheet and p and l account.
the opportunities of fraud and mis-handling of assets, etc. are obvious. transparency leads to confidence and better communication and the better chance of fulfillment of opportunity.
the above may seem naive but this is from my own experience in a small family company.
it depends if he uses blue whitener or not. also it maypay him to declare whether he has a green washing machine powered bt altermative energy sources.
important as the washing machine and solar panels or ground source heat pump may be able to set off.
but he will have to move fast as the feed in tarrifs are due to be reduced in the near future.
tellhim to '
'TINK ABOUT IT'
careful
practical experience has proved whilst all is rosey and cheery to start with, the matter is not so much taxwise but one that can cause rift and money into the hands of lawyers with competition, conflicts and all the worst ahead in the future.
further.
how much to charge for one of the worthy employees or self employed at stringfellow's. are they self employed or is subject to years getting the notorious case before the supreme court.
interesting that in the report in the times, the question of capital allowances and depreciation of the worthy's was infered. 10 or 20 year down the line depreciation applicable?
if you never ask, you never know.
by the way is the cost of the shoes for the black cabbies's records allowable.
it all goes to show
they really may be better if they put their circulars inserted in the free door to door newspapers like the special offer i had today for 'buy one pizza, get one free'. at least the majority of people open the paper. at least it would save the pizza shop supplying paper serviettes on its home delivery service.
but ....... this may be too simple to fathom out and require intense public consultation over a period of at least six months after a barrage of 300 page publically accessible reports complete with multiple colored pie charts demonstrating all manner of subjects from demograhics to the efficiency of the deliveries to the effects of carbon reduction and the speed of the proposed high speed rail through the green belt areas of britain which will no be tied in with the presence of protected species such as dormice and the great crested newts.
i think the country like myself is tired of the mystery of the bureaucratic quangos of the last ten years where anything common sense and objective was rejected behind unfathonable screens. legacies, and many now endemic attitudes are still prevalent.