List of frequently asked questions published by Markel Tax.
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FAQ on the capital gains tax consequences if a client gifts a house to one of their children.
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FAQ on whether income from government loans and grants to support businesses during the Covid-19 pandemic are subject to VAT.
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FAQ on how what my client should do to rectify a error that was spotted when they were reviewing their VAT returns over the last 12 months.
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FAQ on how to handle the capital gains tax for a commercial property that was held as part of a trust and was subsequently sold on, without being rented out.
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FAQ on on whether a VAT registered company can claim VAT back for round sum payments or allowances.
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FAQ on on the requirements for submitting a UK land return to HMRC, for a client planning to sell a UK residential property in the 2020/21 tax year.
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FAQ on whether a client, who provides both taxable and exempt supplies, can reclaim the VAT back in relation the exempt supplies.
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FAQ on on the tax implications of a client gifting rental property, which they own outright, to their adult children.
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FAQ on whether a client, who has two separate business, needs to register for VAT given his combined income.
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FAQ on how a separation and eventual divorce will affect Capital Gains Tax, for a couple who have several rental properties, as well as a marital home.
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FAQ on the assessment of residential status of the UK-born daughters of a client who has been a UK resident for 25 years ago but was non-domiciled when he arrived, for the purpose of selling a piece of land inherited from the man's father.
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FAQ on whether a client, who is a builder on the Flat Rate Scheme, can use the second hand margin scheme when selling a vehicle at a value less than the price he originally paid for it.
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FAQ on how an architect client should treat his occasional outsourcing to other architect firms, who are not VAT registered, and whether their work should be entered in box 7.
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FAQ on whether a client can benefit from Private Residence Relief and Lettings Relief, even though the property, which was once their only or main residence, has been let out for several years.
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FAQ on whether a client can reclaim VAT on a vehicle purchased prior to incorporating his business, when he was working as a sole trader.
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FAQ on the rate of PAYE that should be charged on back pay, received by a female employee following a successful employment tribunal equal pay case.
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FAQ on whether a client has to retrospectively input a large volume of purchase data captured in ledgers into his digital records to comply with Making Tax Digital.
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FAQ on whether a client a client can claim tax relief on the structure of recently-built extension to their business premises.
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FAQ on whether a UK-based consulting company, providing strategy consultancy services to USA and Canadian based businesses only, can avoid VAT on general business costs and and sub-contracted services.
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FAQ on whether a client can claim allowances on the building that his company has purchased.