It transpires that my UK resident and domiciled individual client set up a trust in the Channel Islands through the subsidiary of a UK bank in the early 1990s. No one now seems able to explain the...
I have a relatively new limited company client, which operates as a building subcontractor. Although the previous accountant advised that the business should trade via the format of a limited company,...
When claiming the 10% wear and tear deduction in respect of furnished lettings, the general guideline is to deduct from the gross rents those amounts that would normally be the tenants'...
Correspondence from readers on topical subjects.
Depreciation in stock
Madness prevails. In nearly 20 years of reading Taxation there has never been a subject which has so offended my sense of...
My office is at my home address. A small number of my clients have HMRC correspondence via the office, for PAYE or VAT return matters, or because they travel and are rarely home around critical...