UK Tax

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

Ask an Expert,
Get an Answer ASAP!

Related UK Tax Questions
I am selling my limited company and the buyer wants to buy
I am selling my limited company and the buyer wants to buy the shares rather than goodwill/assets. What would my tax liability be?… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
I am after clarification of the application of Entrepreneurial
I am after clarification of the application of Entrepreneurial Relief to reduce capital gains on the sale of agricultural land. The land belonged to my father who died in February last year, he had fa… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACIS
963 satisfied customers
I inherited a house and some land 20yrs ago and ran it as a
I inherited a house and some land 20yrs ago and ran it as a smallholding until 15yrs ago. I still have the land registered with defra. A neighbour has offered a large amount for 60k for 1acre and i wa… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
Hello. If my mother sells us her farm, will she have to pay
Hello. If my mother sells us her farm, will she have to pay CGT which has rolled over from previous properties she owned and lived in?… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
I sold a farm and the increase in value over 5 years was £1,000,000.
I sold a farm and the increase in value over 5 years was £1,000,000. when the mortgage was paid off I was left with £280,000. With entrepreneurs relief I have to pay £100,000. Can i re invesst this mo… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
We sold our business which qualified us for entrepreneural
We sold our business which qualified us for entrepreneural relief at 10 pct CGT. We are reinvesting all cash receipts in several private companies shares and purchasing some trade assets I.e. holiday … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
1,972 satisfied customers
I own 6% of a trading business which I helped start up in 2004.
I own 6% of a trading business which I helped start up in 2004. i worked full time for for 2 years, then one year as a non executive director. Then i stood down and am just a shareholder now. My quest… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
6,320 satisfied customers
Good evening, I am possibly moving jobs and will be selling
Good evening, I am possibly moving jobs and will be selling my shares in my company. i own around 10% of the shares. I am looking for some guidance as to the tax i would need to pay please. Looking at… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
I have in November 2010 sold shares in a private family company
I have in November 2010 sold shares in a private family company resulting in a capital gain of around 100,000 Pounds after claiming entreprenuers relief. If I invest only the gain in an EIS or VCT sch… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
Hi I was given the oportunity as a manager to buy shares
Hi I was given the oportunity as a manager to buy shares and 'become part of the team' when the company I was working for went through a management buyout in December 2000. I transfered the shares to … read more
Sam
Sam
Accountant
Higher Officer HMRC
14,440 satisfied customers
Fish & chips shop business bought in Aug 2008. Freehold bought
Fish & chips shop business bought in Aug 2008. Freehold bought with no goodwill. Sold Goodwill this year so the cost is nil. Receive rental income. For capital gain computations, apart from legal cost… read more
CCTax
CCTax
Bachelor's Degree
254 satisfied customers
If I form a LTD company in the UK and spend 10,000 setting
If I form a LTD company in the UK and spend £10,000 setting up a website that I then go on to sell the website for £110,000 1 year later, how is that taxed? Would the company be taxed, or the individu… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
If you are an owner of a company and you are bought over by
If you are an owner of a company and you are bought over by another company and the deal involves cash as well as shares in the new company,how are each of these dealt with in terms of income tax.Are … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
I took over my fathers dental practice in Glasgow in 1970.
I took over my father's dental practice in Glasgow in 1970. I am about to retire soon and hopefully sell my business, (property, contents and goodwill) for around £200k. Am I liable for CGT? Alan W Du… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
selling OUR business for 600,000 we are 4 partners we bought
selling OUR business for 600,000 we are 4 partners we bought it 25years ago 135,000 and spent 50,000 improovements HOW MUCH CAPITAL GAINS TAX I AM GOING TO PAY? DO I QUOLIFY FOR entrepreneurial busine… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
My daughter, son and I own a property development company.
My daughter, son and I own a property development company. I hold a controlling interest. We have been working for some years promoting a green belt site for hotel development. My daughter and I are t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,926 satisfied customers
I sold a business for cash and shares. The shares were valued
I sold a business for cash and shares. The shares were valued for tax purposes at the price of 1.08p. I paid capital gains tax on both the cash and shares. If I sell or dispose of the shares what woul… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
154 satisfied customers
if a members club closes and sells its premises is there a
if a members club closes and sells its premises is there a capital gains tax liability on the disposal?… read more
Sam
Sam
Accountant
Higher Officer HMRC
14,440 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

14,440 satisfied customers

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

bigduckontax

bigduckontax

Accountant

963 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