Documents related to 'Nominating a main residence election'

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Letter
Election to average occupation of FHLsWhere you own a property which you let furnished as holiday accommodation it can qualify for preferential tax treatment if various conditions are met.When can you use the election?To count as a furnished holiday ... Read more
04 Nov 2016
Credits: 1
doc
Letter
Herd basis electionIf you keep animals for production purposes, you might be able to take advantage of the "herd basis" to simplify calculating your taxable profits.ProductionFarm animals are treated as trading stock. For tax and accounting purposes th... Read more
01 Dec 2017
Credits: 1
doc
Letter
Election to be treated as domiciled in the UKWhere a married couple or civil partners consist of a UK domiciled individual (UK-dom) and a non-UK domiciled (non-dom) individual, there is a restriction on the amount that any transfers between them will... Read more
06 Mar 2017
Credits: 1
doc
Letter
Election for a period of grace to apply to FHLsWhere you own a property which you let furnished as holiday accommodation it can qualify for preferential tax treatment where various conditions are met.When can you use the election?To count as an FLH t... Read more
16 Nov 2016
Credits: 1
doc
Letter
Claim for private residence relief to apply to a former homeWhen a marriage fails, tax planning is vital and sometimes urgent or avoidable tax liabilities can arise. An example of this is capital gains tax and the matrimonial home. Where one spouse (... Read more
26 Apr 2017
Credits: 1
doc
Letter
Election to disapply incorporation reliefWhere you transfer your sole trader or partnership business to a company, this process is often referred to as incorporating your business and it counts for capital gains tax purposes as if you had sold it.Whe... Read more
16 Nov 2016
Credits: 1
doc
Letter
Election for entrepreneurs' relief to apply to QCBsWhen you sell a business the purchasing company might offer to pay you with loan notes. This is a loan arrangement but in the form of a security, i.e. like shares. The loan notes pay interest usually ... Read more
04 Nov 2016
Credits: 1
doc
Letter
Election to transfer stock at less than market valueWhen an unincorporated business is transferred to a company, any stock (or works in progress for service businesses) is deemed to be sold to the company at market value (MV). This will usually be hi... Read more
21 Dec 2016
Credits: 1