Documents related to 'Election to carry back earn out loss'
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Alternative interest calculation method letterWhere an employer provides a cheap rate or interest-free loan there's more than one way to work out the taxable benefit - the normal averaging method or the alternative precise method. The normal method a... Read more
01 Sep 2010
Election for foreign lossesIf you are non-UK domiciled but tax resident here, you can claim the remittance basis of assessment for your foreign income and gains. Where you make a capital gains tax (CGT) loss on foreign assets you can obtain relief ag... Read more
07 Mar 2018
Unincorporated business trading loss relief claimIf your sole trader or partnership business made a loss you can claim relief for it against the tax payable on your other income for that year or the year before. If only part of the loss can be reliev... Read more
01 Sep 2010
Election to aggregate employer loansNormally, where a company has made a number of loans to a director the taxable benefit for each must be calculated separately. However, an election can be made to aggregate them.cheap rate or zero interest loans Wh... Read more
11 Jun 2018
Property rental business loss relief claimIndividuals, including members of business partnerships, can claim a deduction in the tax liability on general income where their property rental business has made a loss and all or part of that loss results ... Read more
11 Jun 2019
PAYE - letter of disclosure If HMRC has told you that one of its officers will be visiting you to carry out a PAYE compliance review, it's advisable to make your own check that your records are in good order. You should notify HMRC ahead of the visit ... Read more
19 Jan 2018
Termination payment letterWhen making a payment to an employee or former employee relating to the termination of their employment you should provide details of the payment and any tax and NI deducted. They will need this information for their tax rec... Read more
10 Aug 2009
Nominating a main residence election If you own two or more properties which you use as homes, say your main house and a holiday home, you can choose which qualifies as your main residence for capital gains tax private residence relief.More than oneT... Read more
24 Dec 2014
Claim to carry back company trading lossWhen your company makes a loss the amount is carried forward by default and will be used to offset total profits in the future. Use our claim to get immediate relief for company trading losses.CompaniesThere ar... Read more
09 Oct 2018
Election to opt out of rental cash basisFor tax purposes accounts for income derived from property must be prepared on the cash basis unless the total income you receive from property exceeds £150,000 in a tax year. However, it can be advantageous n... Read more
29 Aug 2019
