Apologies. Client got 50% of the property when mother died back in 1991. Father died 2017 so client inherited his half. Now sold so subject to CGT. Are you saying I calculate 50% of the gain with base cost When mother died and then the other half when the father died?
The place of supply is Mexico. However I have read that this can be irrelevant when the company being invoiced is UK based, hence the question.
The service is consultancy work in the oil industry.
Whatever's easiest! Want going to use debtors ledger. Thought it best to do each transaction that way can match off the money being lodged on the bank statements.
My answers
If I enter it as Other income on SA Return and enter the tax 'treated as paid' it comes out with a repayment. So should it not be entered at all?
Perfect. Makes sense now! Thank you
Apologies. Client got 50% of the property when mother died back in 1991. Father died 2017 so client inherited his half. Now sold so subject to CGT. Are you saying I calculate 50% of the gain with base cost When mother died and then the other half when the father died?
Sorry not following. The father died so client inherited it. And has now sold it. Unsure how to calculate gain
I have said that the customer is a UK based company but the work was carried out in Mexico
The place of supply is Mexico. However I have read that this can be irrelevant when the company being invoiced is UK based, hence the question.
The service is consultancy work in the oil industry.
The shareholders are NOT on the balance sheet ! The share capital is
Whatever's easiest! Want going to use debtors ledger. Thought it best to do each transaction that way can match off the money being lodged on the bank statements.
Client def not interested in using new software as to be honest the spreadsheet they use is excellent.
Confirmed what I thought so thank you!