Timepiece; Tangled trust; Winding it up; Option dilemma
Timepiece
Obligations of Swiss bank in preparing accounts for a UK tax year.
I am a UK resident and taxpayer who has had investments and cash accounts with a Swiss bank for several years. The bank has routinely provided annual certificates of income and capital gains corresponding to the UK tax year.
However with the expiry of a tax agreement between UK and Switzerland the bank says it is no longer obliged to do this and it will only provide a certificate summarising a January to December tax cycle. Is the bank correct? And must I now calculate my own April-to-April tax year liabilities from dozens of statement entries?
Any insight from Taxation readers will be of interest.
Query 19 024– Reluctant Accountant.
Tangled trust
Advice is required on withdrawals from payments into and the transfer of a trust.
In 1998 a grandfather (X) created two...
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