With those numbers it is pretty much a no brainer to make a pension contribution at 60% tax relief.At a net cost of £8k,Jack ends up with £12k in his pension,£4k to be reclaimed back through self assessment and £4k...
Reply to the comment left by "Tony Atkins" at "12/05/2016 - 12:39": HMRC have access to the General Anti Abuse Rule ( GAAR).Amongst other things,this enables them to treat as void linked transactions if they view that the sole or...
Reply to the comment left by "Joe Bloggs" at "11/01/2016 - 17:22": Maybe I expressed myself clumsily The right of access to which you refer is,as per your last post,restricted to the lessors repairing covenant,either to effect repairs or to...
Reply to the comment left by "Joe Bloggs" at "11/01/2016 - 14:39": Section 11.(6) applies only for the purpose of inspection and repair Furthermore there is a view that the tenant can withold agreement even if 24 hours notice is...
Reply to the comment left by "Pam Thompson" at "05/01/2016 - 21:42": If you own BTL and buy a second residential property on or after the 1st April 2016,the second property is subject to the additional SDLT even if it...
2nd November 2016, 9 years ago
With those numbers it is pretty much a no brainer to make a pension contribution at 60% tax relief.At a net cost of £8k,Jack ends up with £12k in his pension,£4k to be reclaimed back through self assessment and £4k...
Read More →Reply to comment left by Tony Atkins at 12/05/2016 - 12:39
Reply to the comment left by "Tony Atkins" at "12/05/2016 - 12:39": HMRC have access to the General Anti Abuse Rule ( GAAR).Amongst other things,this enables them to treat as void linked transactions if they view that the sole or...
Read More →13th January 2016, 10 years ago
Bear in mind you would likely be regarded by HMRC as running a property development buisness,in which case profits are taxed as income
Read More →Reply to comment left by Joe Bloggs at 11/01/2016 - 17:22
Reply to the comment left by "Joe Bloggs" at "11/01/2016 - 17:22": Maybe I expressed myself clumsily The right of access to which you refer is,as per your last post,restricted to the lessors repairing covenant,either to effect repairs or to...
Read More →Reply to comment left by Joe Bloggs at 11/01/2016 - 14:39
Reply to the comment left by "Joe Bloggs" at "11/01/2016 - 14:39": Section 11.(6) applies only for the purpose of inspection and repair Furthermore there is a view that the tenant can withold agreement even if 24 hours notice is...
Read More →Reply to comment left by Pam Thompson at 05/01/2016 - 21:42
Reply to the comment left by "Pam Thompson" at "05/01/2016 - 21:42": If you own BTL and buy a second residential property on or after the 1st April 2016,the second property is subject to the additional SDLT even if it...
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