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I have a question on possibility of offsetting profit
Hi, I have a question on possibility of offsetting profit against losses of 2 separate trades in 1 LTD company. I made a profit in a financial year form my finance consultancy and the same year I star… read more
bigduckontax
bigduckontax
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Limited company incorporated in Scotland with the following
Good Morning,Limited company incorporated in Scotland with the following business activities: Primary - Other letting & operating of own or lease real estate Other - Accounting/audit servicesThe direc… read more
bigduckontax
bigduckontax
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. I live in the USA and own a property in the UK that
Hello. I live in the USA and own a property in the UK that I rent out. My tax is collated into the US, therefore the UK income from the property and associated losses are reported in he US. I also fil… read more
Tony Tax
Tony Tax
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High School or GED
16,045 satisfied customers
Hi I am a contractor with a one person UK LTD company working
Hi I am a contractor with a one person UK LTD company working abroad in Sweden. How does the 183 day rule affect me? Does it count the weekends (non working days) if i stay in country. I have heard th… read more
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Tony Tax
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I have a born and bred english person based in the uk working
I have a born and bred english person based in the uk working in the Uk for our company based in Belgium. The UK company (which is a different part of the business) pay his salary and recharge back to… read more
Tony Tax
Tony Tax
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I have a holiday home which qualifies as such in that it is
I have a holiday home which qualifies as such in that it is available to rent all year and acheives about 25 weeks occupancy. I have been able to offset the loss against my other income for the tax ye… read more
Tony Tax
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My wife and I jointly own a furnished rental property in Cyprus,
My wife and I jointly own a furnished rental property in Cyprus, withinn the EEA. We have incurred large losses since 08/09 and continuing today. I am reading the book "Check Your Tax, The complete Gu… read more
Tony Tax
Tony Tax
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High School or GED
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Hello, I ahve the following situation: I have income from
Hello, I ahve the following situation: I have income from foreign savings (interest from corporate bonds) which I have remitted to the UK and which have not been taxed in the foreign country (Germany)… read more
taxadvisor.uk
taxadvisor.uk
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Chartered Certified Accountant - FCCA
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I am a UK PAYE tax payer but also own a property overseas which
I am a UK PAYE tax payer but also own a property overseas which I let out for holiday rentals. Can I offset losses from the holiday let against my PAYE tax? I complete self assessments each year and h… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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can i off set losses against cypriot properties against UK
can i off set losses against cypriot properties against UK income? i rent a couple of flats in the UK… read more
Tony Tax
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We have had a Holiday let cottage for 3 years. My total share
We have had a Holiday let cottage for 3 years. My total share of losses £19000, net income £2500 pa around 7 years to clear losses. My account says I am not allowed to change from setting my losses ag… read more
Tony Tax
Tony Tax
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High School or GED
16,045 satisfied customers
If I bought a caravan to rent out in September 2010, but only
If I bought a caravan to rent out in September 2010, but only started renting it out in February 2011 can I claim capital allowances under furnished holiday letting rules - cost £13,000 - I plan to us… read more
Anne T
Anne T
Bachelor's Degree
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Dear XXXXXTax We understood that furnished holiday lettings
Dear XXXXXTax We understood that furnished holiday lettings in the EEA could be treated as trading income (subject to conditions) for the years 2009/10 and 2010/11. We understand that the taxation of … read more
berduchwal
berduchwal
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Licenciatura
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I have a trading limited company in holiday letting, however
I have a trading limited company in holiday letting, however will not be able to meet the new rule of a minimum holiday lets achieved of 15 weeks. I am therefore presuming I will have to declare a non… read more
mark25551
mark25551
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I have property in Australia that I make a loss on (i.e. costs
I have property in Australia that I make a loss on (i.e. costs are more than rental income). As a UK resident and UK tax payer, can I use this loss as a tax offset at all?… read more
CDF Tax
CDF Tax
Bachelor's Degree
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Hi, I have been carrying forward a loss of about 25k as a
Hi, I have been carrying forward a loss of about £25k as a sole trader consultant will close the business end of this month. What happens to the losses? Can I continue to carry them over if I start a … read more
Tony Tax
Tony Tax
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High School or GED
16,045 satisfied customers
Hello, I paid upfront for furniture for an overseas property,
Hello, I paid upfront for furniture for an overseas property, and the supplier has gone bust - I wanted to know whether I could claim anything back from mu UK taxes that I have paid. The Overseas prop… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,045 satisfied customers
I am hoping to buy a UK coastal property as a holiday home
I am hoping to buy a UK coastal property as a holiday home and rent it out via an agency when my family are not using it. Similar aprtments are renting out for approx 20-25 weeks per year. I anticipat… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,571 satisfied customers
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