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Second opinion] I hope you can help clear things up for me.
Second opinion] Hello, I hope you can help clear things up for me. My husband ran a business as a sole trader for many years with an accounting date/basis period of 1/7 - 30/6 each year. I then joined… read more
Tony Tax
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I hope you can help clear things up for me. My husband ran a
Hello, I hope you can help clear things up for me. My husband ran a business as a sole trader for many years with an accounting date/basis period of 1/7 - 30/6 each year. I then joined as a partner on… read more
bigduckontax
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Dear Sir or Madam, Id appreciate your advice on the following:
Dear Sir or Madam, I'd appreciate your advice on the following: My husband and I are non-UK residents and we don't plan to live in the UK. He wants to sell his only buy-to-let property in England, whi… read more
TaxVince
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Currently i am employed full time and my wife is self employed,
Currently i am employed full time and my wife is self employed, but we're looking to setup a new business importing from Europe and selling in the UK. We want to continue with our current jobs, but ne… read more
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I have completed the accounts of a long standing partnership
I have completed the accounts of a long standing partnership between A and B for the y/e 30/09/11. Taxable profits are split A 60% and B 40%. Let us say the profits were £40,000 i.e. £24,000 for A and… read more
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Hi there, I am currently working on my company accounts
Hi there, I am currently working on my company accounts for the first time. However I have an issue regarding pre-incorporation losses. I started out as a sole trader in June 2009 and only incorporate… read more
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If a sole trader runs his accounts to 30th September each year,
If a sole trader runs his accounts to 30th September each year, last accounts done were to 30.09.10 for his 2010/11 tax return. From 01.01.12 this became a partnership but year end is to remain the sa… read more
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UK: Business: Tax: Accumulated Losses Suppose that a business
UK: Business: Tax: Accumulated Losses Suppose that a business has: - an accumulated loss carried forward from 2009/10 of £4,000 - a profit on ordinary activities before taxation of £5,400 in the year … read more
Tony Tax
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How to carry forward the loss of a branch closed against the
How to carry forward the loss of a branch closed against the profit of the other branch which carries on the same business with profit.… read more
taxadvisor.uk
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Myself and my wife are looking to purchase a cafe/bistro.
Myself and my wife are looking to purchase a cafe/bistro. I will be continuing to work full-time with my current employer, my wife will be working in the cafe full time. I am a 40% tax payer. Expectin… read more
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My wife and I started a photographic business on 18th December
My wife and I started a photographic business on 18th December 2010. We are now filling in 2010/11 Tex Return. We made a loss in the period Dec2010 to April 2011 whilst investing in all equipment/mark… read more
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Hi Sam - seem to have got lost on the website - re question
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I am thinking of starting a business partnership with a friend
I am thinking of starting a business partnership with a friend restoring classic cars It has been my hobby for many years and I have built up a large stock of parts and vehicle, as an estimate of 2500… read more
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Mr A purchases property ( 65,000) and equipment ( 15,000).
Mr A purchases property (£65,000) and equipment (£15,000). He trades sole for 6 months then takes Mr B in as partner in the business. His sole trading shows a loss for the six months which could be in… read more
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New Annual Investment Allowance Having closed down my one
New Annual Investment Allowance Having closed down my one man company, I commenced business as a sole trader on 1 April 2008. I purchased the assets of the company (being woodworking machinery) for £3… read more
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My father died early in September, he was a sole trader and
My father died early in September, he was a sole trader and had various businesss. We are shutting them all down but I want to take over the cross stitch business which was not actually making any pro… read more
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I sold a buy to let property in Jan09 which I made a large
I sold a buy to let property in Jan09 which I made a large loss on off approx £35k. I have another buy to let property which I have not yet sold but this is also likely to make a small loss, probably … read more
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I have two businesses one of which i am a sole trader and the
I have two businesses one of which i am a sole trader and the other i am a partner. I made a loss on the sole trader business last financial year - can i offset that loss against my personal tax or ca… read more
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