Income Tax

Farming clients have agricultural quotas that have become of negligible value. Can relief be obtained against income?

A British diplomat has been assigned to an overseas posting and will be not resident in the UK. He has let his house and the rental income is dealt with under the non-resident landlords scheme

Consultation comments now online

Martin Breen (TC383)

Kenneth G Colquhoun (TC348)

Payments will not be accepted after 5 April

A Croatian domiciled but UK resident taxpayer owns a property in Croatia that is let. Her mother has a power of attorney, receives the rental income, declares this personally and pays Croatian tax on this income

SANTHIE GOUNDAR reviews the curious case of Desmond John Thresh and explains why a property transfer with his company was not a profit of his employment

HMRC ponder online form to reduce admin burden

No contractual obligation in some cases

HMRC’s approach to currency conversion and remittances causes more problems than it solves, says JAMES KESSLER QC

The correspondent acts for a writer and media personality who prepares material for himself and others. The plan was to declare the client’s income as trading income but the querist wonders if it would be more appropriate to treat it as income from royalties. Would it be beneficial for the client to operate through a company?