ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

TAX Tax Systems

112.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tax Systems LSE:TAX London Ordinary Share GB00BDHLGB97 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 112.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tax Systems Share Discussion Threads

Showing 1276 to 1298 of 1775 messages
Chat Pages: Latest  59  58  57  56  55  54  53  52  51  50  49  48  Older
DateSubjectAuthorDiscuss
19/1/2014
10:37
Thank you MIATA
liquid millionaire
18/1/2014
23:14
No. (On the assumption there are no charges for liquidating the capital option).
miata
18/1/2014
22:22
AVS are shortly to pay a large special dividend and are offering for tax planning reasons a CAPITAL and an INCOME option.

My AVS holding is via my SIPP so the question is simply does it matter which option I select?

liquid millionaire
15/1/2014
15:29
Is there a simpler way of entering foreign dividends (over £300 total) on a tax return than having to list every one? In fact HMRC are very vague about what they require in this respect, the main distinction being per country of origin, but most pay in Dollars or Euros anyway.
There are so many UK-listed foreign companies that it's almost inevitable that many are included in a portfolio. Yet the tax treatment is mostly the same - they generally include a tax credit, but unlike UK companies, they seem to have to be listed separately in some way on the return, not collectively.

deadly
10/1/2014
14:04
It's no shock that Councils are continuing to look for ways to bring in revenue because of cuts from the Government etc ... they put up parking fees etc but are now attempting to go further with what can only be described as theft ...

A CRUDE AND WHOLLY UNJUST STEALTH TAX COMING TO A TOWN NEAR YOU

Some of you may already know but to those Landlords that don't this may come as a worrying shock.
Waltham Forest Council in London have held meetings with Private Lanlords and Letting Agencies
to reveal that all Landlords will be forced to register their name with the Council at a cost of £500
for EACH property they own !!! So if you have worked hard all your life without any help to have a portfolio
of 6 properties.... you will soon be liable to pay the Council £3000 to have your name registered.
The £500 is not a one off fee either and lasts only 3 or 4 years.

Once registered you will then be subject to 56 rules set out by the Council....the first rule is if you fail to register
with the Council you will face a £20,000 fine and all rent will have to be paid back to your tenant.

When questioned at recent Council consultation meetings a couple of Councillors who could barely speak English
mentioned there is a lot of complaints and admin for them with some tenants leave mattresses outside their homes and bad behaviour etc.
When it was suggested the vast majority of bad tenants are Council tenants they couldn;t reply and just shrugged their shoulders.

Barking and Dagenham Council are also said to be getting ready to follow suit ...and if one follows what happens ?

onedayrodders
10/1/2014
12:16
Yes as long as they're quoted on a recognised stock exchange. I have 3 or 4 stocks quoted on the Toronto exchange in my ISA.
serratia
10/1/2014
12:14
Quick question for anyone who knows the answer - can you include foreign stocks in an ISA if they are not dual listed on the UK Stock Exchange? I have read that only GBP currencies are allowed so I guess not, but just want to check.

Thanks in advancve

enewman36
03/1/2014
00:31
Total taxable income.


Add up your taxable income.
Include things like:
-income from employment (including any company benefits)
-profits from self-employment
-taxable social security benefits
-pensions (including the State Pension)
-savings, dividend and rental income

Take off any tax reliefs that apply like:
-payments made gross to pension schemes - those have been made without tax relief
-trading losses, for example trade loss relief or property loss relief

miata
02/1/2014
21:34
re SA and child allowance - where it asks if you earn over £50k should you include just PAYE income or also rents and dividend?
dewtrader
02/1/2014
19:56
"I haven't submitted the 2012/13 yet so I as it is a simple transaction could add the share transaction to that and adjust the allowable losses down."

That's what I did a couple of years ago and didn't raise any objections.

david77
02/1/2014
19:11
Hello,

I wonder if you could advise.

I have just realised I have omitted a share transaction from my 2011/12 cgt calc in error, (Misfiled the contract notes in wrong tax year). It reduces the amount of allowable losses to be carried forward not any tax due.

What is the best/correct way to remedy it?

I haven't submitted the 2012/13 yet so I as it is a simple transaction could add the share transaction to that and adjust the allowable losses down.

Or do I have to do an amendment to the original 2011/2012 return and then adjust the allowable losses on 2012 return and brought forward loss on 2013 return ?

Any advice appreciated

s2lowner
01/1/2014
09:12
Now you can hold AIM shares in an ISA,so exempt from tax,do you have to include them in a self assessment tax statement anywhere?

TIA Phil.

4711phil
30/12/2013
13:09
Thanks so much.. I'm a Herbalife distributor (network marketing) and have earnings/commissions/ distributors in Ghana.. I'm resident in UK.
sarahbudd
30/12/2013
12:27
You enter all figures in sterling. You can adopt any reasonable basis but must be consistent year after year. Thus you might convert the figures at the monthly closing exchange rates or at an average rate for the year or at the closing exchange rate for the year.

HMRC: Ghana Cedi (GHS)3.6445 New Rate 11/12/13 3.7266



Temporary non-residents and the remittance basis
If you were a UK resident and moved abroad for less than five full tax years before returning to the UK you will be 'temporarily non-resident' for the period you were away.
Temporary non-residents - income
If you were temporarily non-resident and you were resident in the UK for at least four of the seven tax years before you left the UK, you will have to pay tax on any remittances of 'relevant foreign income' that were brought to the UK while you were not resident. UK tax on the remitted relevant foreign income will be due in the year you become UK resident again.
'Relevant foreign income' is any foreign income that arises from a source outside the UK and is not from your employment (for example, dividends, business profits, pensions, interest, income from property and royalties).
You can find more information about temporary non-residents and what relevant foreign income the remittance basis will apply to within the notes to form SA109 Residence, remittance basis etc and in section 9 of the RDR1 Guidance Notes.

miata
30/12/2013
12:04
Thanks MIATA I did see those and I file online - deadline Jan 31.. but struggled to make head or tail of them.. I have all Figures in GHS not ££.
Also can I submit foreign pages online

sarahbudd
30/12/2013
11:52
See Page two of your tax return(SA100) and fill in the supplementary foreign pages (SA106).
--------------------------------------------------------
SA100
5 Foreign
If you:
• were entitled to any foreign income, or income gains
• have, or could have, received (directly or indirectly)
income, or a capital payment or benefit from a
person abroad as a result of any transfer of assets
• want to claim relief for foreign tax paid
-------------------------------------------------------
SA106
Foreign Tax Credit Relief
If foreign tax was taken off your foreign income you may be able to claim Foreign Tax Credit Relief. Please read the Foreign notes to see if you can claim the relief and how you should make the claim.
If you are calculating your tax bill you may also want to calculate your Foreign Tax Credit Relief. If you do, use the Working Sheet provided in Helpsheet 263 Calculating Foreign Tax Relief on income and fill in box 2.
-------------------------------------------------------

miata
30/12/2013
11:14
Hoping someone can help please.. I have paid foreign tax (Ghana)on earnings and want to reclaim or get tax credit. I'm self employed so fill in SA. There is a double taxation treaty between UK & Ghana. Where do I put details on tax return.. cant work it out. Also have figures in GHS. I have all paperwork/certificates form Ghana as well. Thanks in advance...
sarahbudd
05/12/2013
13:46
Hi Miata,

Thanks for the quick reply !

I hope you did not under declare the price you paid ('black money' payments were rife in Spain seven years ago).

Not a bit - it was one of the first instructions I gave my (recommended) lawyer. Who, when it came to paying his own bill, asked whether I'd be willing to pay in cash....

Sorry but 'No' , Manuel !

ATB

extrader
05/12/2013
13:36
MIATA, thanks for the information that you have posted on here re the statement.
I have learned more of use than I did listening to G. O. for about and hour...maybe I went to sleep at the wrong time. LOL

optomistic
05/12/2013
13:27
Further rises in the iniquitous and excessive burden of APD announced:




www.icq.com/img/friendship/static/card_7944_rs.swf

miata
05/12/2013
13:14
As you are living in the UK it it is not (now) your only or main residence, thus liable for UK CGT (reduced for the number of years it was your main residence if any). You will get credit against UK CGT for the Spanish CGT you pay.

Spanish CGT will be on the rise in the Euro value (if any!).
UK CGT will be on the rise in sterling value.

I hope you did not under declare the price you paid ('black money' payments were rife in Spain seven years ago).

miata
05/12/2013
12:59
Hi Miata,

Wonder if you have any insight re tax treatment in the flwg circs :

I own outright a house in Spain (bought 7 years ago, at exchange rate of 1.67)and - since divorce around 10 years ago - have only rented in the UK. Perhaps 'only been able to afford to rent in UK ' would be a better description ;-

extrader
05/12/2013
12:30
The government will increase the rate of the bank levy to 0.156% from 1 January 2014 and make changes to the bank levy's detailed design that have the effect of widening the tax base.

From April 2014 the government will remove the stamp duty and Stamp Duty Reserve Tax (SDRT) charge on purchases of shares in ETFs that would currently apply if an ETF were domiciled in the UK.

Private Residence Relief – Final period rule
From 6 April 2014 the final period exemption will be reduced from 36 months to 18 months.

CGT Annual Exempt Amount
The annual exempt amount will be £11,000 for the year 2014 to 15 and £11,100 for 2015 to 16 and subsequent years.

The overall annual Individual Savings Account (ISA) subscription limit for 2014 to 15 will be £11,880, of which £5,940 can be invested in cash.

miata
Chat Pages: Latest  59  58  57  56  55  54  53  52  51  50  49  48  Older

Your Recent History

Delayed Upgrade Clock