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Related UK Tax Questions
I would like some help clarifying how or if my client can
I would like some help clarifying how or if my client can claim some expenses. Regarding company vehicles- they own 1 and lease another. They are also wanting to lease another couple for employees- ar… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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One of my clients has moved recently. Initially their
Hello One of my clients has moved recently. Initially their space was completely open plan. They had partitions installed, an alarm fitted as well electrical work and decorating. Can this be classed a… read more
Sam
Sam
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Higher Officer HMRC
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I'm jacqui, i'm looking accounting entries lease premium,
Customer: hi i'm jacqui, i'm looking for the accounting entries for a lease premium, lease of 15 years, premium 57,000, rental paid in addition, can you help? … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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Client has received a lease premium on surrender and believes
Client has received a lease premium on surrender and believes there will be no CGT to pay on this. Has also sold the property to which the lease related and there should be no gain arising on the sale… read more
Tony Tax
Tony Tax
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High School or GED
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Dear XXXXX I have a client who has sold equipment for £500.
Dear XXXXX I have a client who has sold equipment for £500. Do I simply deduct this from the fixed asset register or do I need to find out the cost and calculate the profit /loss on the disposal to be… read more
Sam
Sam
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Higher Officer HMRC
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I am a self-employed IT consultant using my car to go to client
I am a self-employed IT consultant using my car to go to client sites 5 days a week - about 90% of the car usage, and about 25,000 miles per annum in total. I am also VAT registered. Are there tax adv… read more
Sam
Sam
Accountant
Higher Officer HMRC
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Hi, I have 3 clients who have purchased 8 properties and refurbished
Hi, I have 3 clients who have purchased 8 properties and refurbished them over the past 8 years and sold them at a profit apart from the last one which was sold at a loss of £29k. Over the past years … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Can a sole trader restrict their capital allowance claim? My
Can a sole trader restrict their capital allowance claim? My client has made a small profit below the personal allowance level and we do not want to waste their capital allowances by claiming AIA this… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi, My client is a ltd company. its business is income from
Hi, My client is a ltd company. its business is income from residential property. First year. Its bought furniture. I want to use the 10% wear and tear allowance. As far as i aware i cant claim for th… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,228 satisfied customers
Are lease renewal premium and costs deductible from rental
Are lease renewal premium and costs deductible from rental income profits or not? I renewed my rental property's lease from 73 to 99 years and spent money on the following: - £9000 lease premium - £90… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
If a private landlord puts Solar pv on his rented property
If a private landlord puts Solar pv on his rented property and claims the FIT payment which is taxable gives the tenant the free electricity can he claim back any capital allowances for the cost of fi… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,228 satisfied customers
I have a builder client who is a sole trader. Most years his
I have a builder client who is a sole trader. Most years his income is derived from small building jobs, extnesions etc. It is not a property development business.He used the business money to buy a h… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
We need to register for VAT but as a jewellery manufacturer
We need to register for VAT but as a jewellery manufacturer have stock that was bought and made into jewellery. As such we have invoices for metal which will have gone into different items making it d… read more
Sam
Sam
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Higher Officer HMRC
6,885 satisfied customers
I am a book-keeper, some tax knowledge. Have put legal fees
I am a book-keeper, some tax knowledge. Have put legal fees for 3 year business property lease to balance sheet and amortised to profit and loss over a 3 year period in equal instalments. This amount … read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
We are looking into purchasing a van for my husbands business
We are looking into purchasing a van for my husbands' business via a finance lease. Are the lease rental charges fully allowable to offset against income? Would this include the intial lump sum paymen… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
Hi, Im in part-time employment and self employed, I also
Hi, I'm in part-time employment and self employed, I also have income from property (furnished) and from letting a room in my house. Questions: 1.Have expenses relating to the part-time employments, c… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi there. I am self emplyed and thinking about buying or leasing
Hi there. I am self emplyed and thinking about buying or leasing a car and wondered which would be better for tax purposes? Also, if buying, not sure about whether to buy new or 2nd hand and if it mak… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi, I have a small IT support company and we want to start
Hi, I have a small IT support company and we want to start leasing IT equipment to small businesses and I am hoping for some clarification on the tax benefits / relief that is avaialable. I have read … read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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High School or GED
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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.

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