Digital tax

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Digital tax

    Any recommendations for digital programmes to do my books which will be compatible with HMRC ?

    #2
    There are many software available full list is on the Gov.Uk website, alternatively if you have an accountant they will have it as part of their service.

    Comment


      #3
      Taxcalc - have used it for years

      Comment


        #4
        If you are self-employed and require mortgage loans to finance property purchases, its better to use an accountant.

        Comment


          #5
          I have an accountant to do tax return but need to do my income and expenditure

          Comment


            #6
            This website has reviewed software suitable for landlords but you should ask your accountant for advice.

            https://www.propertyroad.co.uk/best-...rds-in-the-uk/

            Comment

            Latest Activity

            Collapse

            • CGT check appreciated, thanks in advance!
              by tatemono
              Would really appreciate some help checking figures. Figures below are halved because my sister and I inherit in equal shares.
              • property valued at £187,500 at date of mother's death in Jan 2015
              • recent sale value £217,500
              • improvement costs £5,318
              • costs of sale: £2,440.50
              • no reliefs
              • my profit
              ...
              16-10-2021, 15:15 PM
            • Reply to CGT check appreciated, thanks in advance!
              by Gordon999
              OK. Your capital gain =£22,242 less £12, 300 = £9942 x 18% = £ 1790 tax bill to pay.
              17-10-2021, 17:53 PM
            • Reply to CGT Query
              by jessa46
              Thanks for reply, much appreciated.
              I asked my solicitor about the 30 day rule and he emailed me back saying I didn't need to do this as no cgt to pay but, as I do a yearly self assessment, to include it my self assessment. I'll be sending it off this week. There's a website called 'xxxx' which...
              17-10-2021, 16:33 PM
            • CGT Query
              by jessa46
              I have never claimed CGT allowance but may need to after selling an inherited property. The property gained in value during probate. The sold price was £153k and the valuation at death for 'capital gains purposes' was £130000. There are 3 shares. My share of selling price is £51k and share of gain...
              13-10-2021, 17:37 PM
            • Reply to CGT Query
              by AndrewDod
              - You have to submit the CGT calculations within 30 days regardless of whether there is CGT to pay (else you get large and increasing fines)

              No it is not added to your income for this purpose
              17-10-2021, 15:54 PM
            • Reply to CGT Query
              by jessa46
              Thank you for replies. Re how it was valued, this is where my head spins. Our mum passed away around 8 years ago. We got probate in 2019. Property was transferred into 3 siblings names in 2020, so that we could benefit from personal CGT allowance. The solicitor sent us a document 'for hmrc cgt purposes'...
              17-10-2021, 15:13 PM
            • Reply to CGT check appreciated, thanks in advance!
              by AndrewDod
              I'd imagine it would be payable as CGT by the individuals. Certainly that would apply to interest earned on savings during probate so don't think CGT would be different. It is definitely not payable by the estate (that would be grossly unfair to some beneficiaries who had not used various allowances)....
              17-10-2021, 13:05 PM
            • Reply to CGT check appreciated, thanks in advance!
              by tatemono
              thanks for your comments everyone. Alas Gordon999, although you were aware of my first statement that the property was shared between two of us, the figures I gave were already halved. You then went on and halved the gain which effectively halved the figures once more! My gain is around the £22K figure...
              17-10-2021, 12:57 PM
            • Reply to Need LTB on our home to buy another property to live in - help please?
              by Advice seeker
              Thank you JP and Gordon, really, this is very helpful to me!

              All being well JP I can get this all done within the 9 months, am aware this is a challenge! Would have been so much easier when 18 or 36 months!

              On the tenant side Gordon, I am in contact with a university accommodation...
              16-10-2021, 19:33 PM
            • Need LTB on our home to buy another property to live in - help please?
              by Advice seeker
              Hello

              We want to make an offer on a property but the highest current offer doesn't need to a sell anything to purchase, so in a better position than us.

              If we do a LTB on our home (so we are in same position) with a 6 month rental contract then sell asap after this to be within...
              06-10-2021, 15:36 PM
            Working...
            X