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Readers' Forum
Foreign pension
A UK-resident but non-domiciled individual receives a pension from abroad and seeks advice on the UK income tax implications
8 Feb 2012
Over the threshold
A wedding venue operation is run by a client, via his limited company. The functions take place at a stately home, which is owned by the client’s brother who is resident abroad
8 Feb 2012
Circulating capital
A business manufactures plant and machinery for sale and leasing
8 Feb 2012
Jointly held property
Married couples and those in civil partnerships may commonly hold property as joint tenants
8 Feb 2012
New queries, issue 4340
Crore values; Farming changes; Partnership poser; Overseas benefits
8 Feb 2012
Spouse’s transfer
A husband and wife live in a private residence that is owned by the husband. The property is vacated and let and the husband later transfers the property into the joint names of himself and his wife
1 Feb 2012
Periodic charges
A discretionary settlement was set up in 1999 and inheritance tax was paid on the transfer of property to it as the value was in excess of the nil-rate band. No further tax has been paid
1 Feb 2012
Trade or investment?
A company buys properties to rent them out, while another buys with the aim of developing and selling them, or possibly renting if an early sale is not possible
1 Feb 2012
Value or undervalue?
Advice is required on the valuation of shares in a new holding company formed for a management buyout
1 Feb 2012
New queries, issue 4339
Fowl play; Making a move; Trust trouble? The young ones
1 Feb 2012
Passing over
The owner of rental properties died in 2009/10. They were left to his brother and transferred to him in 2010/11. During the period of administration, a loss was recorded. Can it be carried forward and set against the brother’s profits?
25 Jan 2012
Over-taxed, over here
A UK resident and domiciled taxpayer works for a US company through a UK branch. Will contributions by the US parent into an offshore pension fund affect the UK relief limits
25 Jan 2012




