UK Tax

UK tax questions? Ask a UK tax advisor for answers ASAP

Connect one-on-one with {0} who will answer your question

Related UK Tax Questions
Would like to ask, if person sells his Sole Trading business
HelloWould like to ask, if person sells his Sole Trading business to LTD for example for £100 000, then does his LTD needs to pay any Corporation Tax , and does he needs to pay any dividends tax in fi… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,374 satisfied customers
I would like to ask. If one person is director of 3
HelloI would like to ask. If one person is director of 3 companies, does he submit only one tax return or 3x tax returns? Thank you… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
My client purchased business & property in 2004. 'nss in Ltd
my client purchased business & property in 2004. B'nss in Ltd Co cost G'will £350k, F&F £50k and Property purchased by directors ptey £800k...total Cost £1.2m. The HMRC had after a long negotiation ha… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,374 satisfied customers
We have a Ltd company with a significant Directors loan that
We have a Ltd company with a significant Director's loan that has been made up of significant monies put into the business. The business is now profitable and growing strongly. We expect to be able to… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
When is goodwill tax deductible? I have never dealt with it
When is goodwill tax deductible? I have never dealt with it before and the rules seem incredibly complex and vague. I have a client that was advised to take £170k goodwill out of his company which he … read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
My brother invested/loan through his own business and arms
My brother invested/loan through his own business and arms length in a business owned by myself ( his brother) where he was charging a commercial interest on the loan. the relationship of the business… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,187 satisfied customers
I AM CONVERTING MY SELF EMPLOYED BUSINESS TO A LTD CO. MY
I AM CONVERTING MY SELF EMPLOYED BUSINESS TO A LTD CO. MY ACCOUNTANT HAS IDENTIFIED GOODWILL OF £18K THAT ARISES AT THE DATE OF TRANSFER AND ADVISES THAT THIS WILL BE CREDITED TO MY DIRECTORS LOAN ACC… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
what are the capital gains implications of changing from a
what are the capital gains implications of changing from a sole trader to a limited company.… read more
taxonomy12
taxonomy12
64 satisfied customers
Hello As a company limited in the UK - to avoid paying UK
Hello As a company limited in the UK - to avoid paying UK tax legally - I transfer all of the profits to the US via PayPal USA business account where the US company name is XXXXX XXXXX PayPal and then… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Hello, I hope someone can put my mind to rest. 1. I am
Hello, I hope someone can put my mind to rest. 1. I am in the middle of submitting the SA for a self employed builder. He puchased a van and tools in 2009/2010 which I did not claim on SA for 09/10 ,b… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
WHAT JUSTIFICATION IS THERE FOR ATTACHING A GOODWILL VALUATION
WHAT JUSTIFICATION IS THERE FOR ATTACHING A GOODWILL VALUATION TO A BUSINESS BEING TRANSFERRED FROM A SOLE TRADER TO A LTD COMPANY. BUSINESS HAS BEEN GOING FOR THREE YEARS WITH TAXABLE PROFITS OF £18K… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
I have a business in partnership with my wife. T/0 c 2m. Profits
I have a business in partnership with my wife. T/0 c£2m. Profits c£200,000. Business has been valued at £1m. We want to go limited and therefore sell the business for £1m to our new co where we are th… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am a partner in a business with a goodwill valuation of 600,000
I am a partner in a business with a goodwill valuation of £600,000 (this is genuine recently turned down an off at this price). If I transfer the goodwill to a newly formed company which i own will I … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Can an international manufacturing corporation reduce its UK
Can an international manufacturing corporation reduce its UK Corporation Tax bill by tailoring its profit statements to show minimum profit in "expensive" CT countries?… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
I am changing my hair salon to a chair rental model. My employees
I am changing my hair salon to a chair rental model. My employees will become self employed and rent chairs in the salon. They can charge what they want and work when they want and have to pay me a mo… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
Id like to reduce my tax bill. My idea was My existing
I'd like to reduce my tax bill. My idea was: My existing business, which I run as self-employed would be licensed to a limited company which I own (granting the right for the company to operate and co… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
I am a director of a small company turnover 35,000 together
I am a director of a small company turnover £35,000 together with my daughter. We are the only directors and shareholders. The company is run by daughters husband who signs on account and has credit c… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
We are a partnership and are incorporating into a limited company.
We are a partnership and are incorporating into a limited company. What happens to the value of the partneship and how will that be accounted for in the LTD company's books. Further will i and my part… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Sam

Sam

Accountant

6,759 satisfied customers

26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax

bigduckontax

bigduckontax

Accountant

1,374 satisfied customers

FCCA FCMA CGMA ACIS

TEAP007

TEAP007

Tax Preparer

759 satisfied customers

Fully Trained Inspector of Taxes / District Inspector/ Team Leader/ Offshore Consultant/ 41 years

Andrew Baker(baktax)

Andrew Baker(baktax)

Personal Tax Adviser

756 satisfied customers

35+ years experience in income tax, CGT, non-residence

berduchwal

berduchwal

Accountant

669 satisfied customers

Qualified accountant and bookkeeper running my own practice since 2008.

Clare

Clare

Solicitor

149 satisfied customers

25 years exeperience as a high street solcitor

Mrs-Tax

Mrs-Tax

Tax Adviser

59 satisfied customers

Law Degree, 19 years in UK Tax.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x