Documents related to 'IHT gift from surplus income letter'

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Letter
Official error claim for tax not to be collectedIf HMRC has delayed using information in its possession and this results in you paying too little tax, it can write off the arrears of tax under extra-statutory concession (ESC) A19. However, despite be... Read more
29 Mar 2016
Credits: 1
rtf
Letter
Exchange of lettersDuring routine compliance visits HMRC has asked companies for the names and addresses of any freelancers they use. Protect yourself with an exchange of letters between your company and the freelancer.Proving you've considered status... Read more
11 Mar 2009
Credits: 1
doc
Letter
Reducing self-assessment payments on account letterIf you're in the self-assessment system you might be required to make payments on account of each year's tax liability.  However, where you expect your tax liability to be lower than the payments on a... Read more
08 May 2017
Credits: 1
doc
Letter
Letter of wishes to accompany a willUsing a letter of wishes can remove uncertainty for those looking after your money and assets after you die.UncertaintyWhen you draft your will you generally express exactly how you want your estate to be divided u... Read more
24 May 2009
Credits: 1
doc
Letter
Farmers' averaging electionIf you carry on a farming or market gardening business, you can elect to average your profits over either two or five years.FarmingBusinesses that depend on a successful harvest are notoriously volatile in terms of profits. ... Read more
13 Nov 2017
Credits: 1
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Letter
Share loss relief claimUsually, capital losses can only be offset against other capital gains, but in some circumstances losses you incur on certain types of share can be offset against general income.Share lossesLosses incurred on certain qualifying... Read more
16 Apr 2018
Credits: 1
doc
Letter
Remittance basis electionIf you live in the UK, but are not domiciled here, you may benefit from making a claim to be taxed on the remittance basis.Remittance basisA UK resident taxpayer is generally subject to UK tax on their worldwide income. Resid... Read more
12 Oct 2017
Credits: 1
doc
Letter
IHT spouse's domicile electionIf you are married to a UK domiciled person, but you are non-UK domiciled, the intraspouse exemption for IHT is restricted. However, it's possible to make an election that removes this restriction using our new template le... Read more
02 Jun 2017
Credits: 1
doc
Letter
Election for foreign lossesIf you are non-UK domiciled but tax resident here, you may claim the remittance basis. To receive any kind of relief for foreign losses, an election must be made, but this shouldn't be done without careful consideration.Domi... Read more
07 Mar 2018
Credits: 1