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With regard to investments like crypto for example if you moved to Dubai and cashed in your crypto there, there would be no cgt payable, is that correct as long as you have a residency permit in Dubai and stay out of the UK for over 5 years?

Hi is there a reason you didn’t complete the cash at bank section? My company has been dormant not trading since 2022. I’m currently going through MVL but need to file the dormant accounts to prevent HMRC striking the business off too early . There were small nominal charges that have left the account for some accountancy fees and bank charges. Do I need to deduct these from the last balance sheet figure ? Thanks Rose

Hi Simon, hopefully a quick question as I think my solicitor has advised wrongly. I have 1 residential home which I will sell to purchase a new residential home for 450k, and I have 1 BTL. Do I pay 3% SDLT Charge?

I have made contribution for 40 years and I have the last 4 years as gap years because I stopped working at 60 for on e year then took a zero hour job and am still working

Need Help! If application is reject for some reason the amount is refundable or not? Cause i’ve received email which mention the amount is automatically refund with in 24 hour it may takes upto 4 days please clearify this issue.

Hello, I have a company registered but haven’t used it yet as I’m still waiting but wanted to set up beforehand. I’m the only registered employee and have had 0 transactions this year, what criteria would this come under? And how do I proceed further. Any help is greatly appreciated!

Great video, easy to understand, and well spoken. thx a lot.

I live in Bahrain but the tax man made me pay around 6% tax after they made me complete a double tax form, even though Bahrain is meant to be tax free. I have had 7, 17, 36 days on vacation in UK in last 3 years. I need advice but can't get it here in Bahrain. Any contacts would be appreciated.

We are currently xero users. We have found xero support to be simply beyond abysmal, which is why I am currently looking at comparisons with other systems

Starmer needs to go fast before total Chaos will be the worst !

Great video and no one has addressed the very 1st part on HMRC for Private Residence Relief if you own your home bought and live a property added value too it so for example 1 bed into 2 price has now gone up 70k but you live in there all the time your a higher rate tax payer how would you pay capital gains on the 70k?

My work right is ending in August 2024 and hence employment so returning to home. Can i get taxes back?

Hello Simon, I'm about to purchase a commercial property for £220,000 plus VAT (£264,000)...I realise this is 4 years old, Does this still apply? Thanks All the best.

Can you add your children as share holders

If I sell a buy to let property at a loss how long can I carry over the at loss to offset against a future gain? Thanks

Have you come across Trusts with a debt contract to minimize IHT?

I make a uk Ltd and i use this uk Ltd for tiktok shop account how much tax i will pay can u explain plz plz

hello I wrote a ltd to sell on Amazon UK I am French and I live in France I don't understand why I receive letters from the English government every two months and the last letter I received was to ask me for money but I don't understand why since I never turnover fact and what I don't understand either is that I thought that Ltd are free? is it possible to change my credit card number and my registered postal address

The reduction in rate to 24% starts to work in your favour if your profits are higher than £75k. So for example if your profit is £200k, you will pay £5k less tax, if you are higher rate earner. Another tax that benefits the rich to the detriment of the poor.

Can I put my young children down as share holders and pay them dividends or is there a age limit thanks

Amazing thanks

What types of British company shares are offsetable against capital gain tax on selling a property inUk? Thanks

Is this correct when calculating corporate tax as this illustrates 20% of profit and I thought it was 20% of mortgage interest?

SIPP, use business creditcard, pay yourself salary to keep open personal credit. Limit the salry to get a lower tax band. Apart from that you just gotta bite the bullet. Tax is part of the game, gotta pay 2 play

Great video, great channel. Keep em coming🔥🔥🔥

I dont believe in rental offset either. More stress

Just yourself a slarary and get tax on that, then pay personal life expenses through the business. Always operating as a separate entity. Cant let the gov put a squeeze on u😢😢😢😢

YES. My brother and I are Tenants in Common on a house that our mother gave to us 11 years ago. Mother passed away last year so we now can sell or rent it out. We believe the house has increased in value by £300k in those 11 years. No mortgage on property. Brother has children and I do not. Is there a way I can reduce my CGT liability to 0? Thanks Paul

Tax on profit live off credit but too mich offset in income will slash abilities to get credit

25% is better than 45 on a P60

I sold my main residence and bought another place to replace it. As I was “moving home”, I didn’t pay the additional stamp duty. However, I also bought a secondary property with the aim of renting it out at the same time. I completed both properties on the very same day. However, I am not living in the property I paid lower stamp duty for. My main residence happened to be the one I paid higher stamp duty for. What’s going to happen now? I dont want to face issues if I change my main residence again from a capital gains tax and stamp duty (moving home point) of view. Any advice is appreciated, thanks.

I sold my main residence and bought another place to replace it. As I was “moving home”, I didn’t pay the additional stamp duty. However, I also bought a secondary property with the aim of renting it out at the same time. I completed both properties on the very same day. However, I am not living in the property I paid lower stamp duty for. My main residence happened to be the one I paid higher stamp duty for. What’s going to happen now? I dont want to face issues if I change my main residence again from a capital gains tax and stamp duty (moving home point) of view. Any advice is appreciated, thanks.

An interesting perspective! Thanks.

Hi. I got a question about the penalties! I left the job in Uk and moved back home (abroad) beginning of 2022 for a family reasons and I’ve done the tax for 2021-2022 in time and after that nothing to declare but after I moved to be with my family I didn’t pay attention on many things I had a tough period and I open the HMRC account yesterday after year and a half and I see msg that I have to pay penalties for not filling the tax for 22-23! Any advice and help, what should I do? Thx 🙏

THIS WILL OPEN A BLACK MARKET OF LANDLORDS LETTING OUT CASH TO SOMEBODY THEY KNOW OFF THE BOOKS

Hi Need A Little Help Registered A Company In UK Few Months Ago I Haven't Made Any Sale Through Amazon Or Any Platform That Is Affiliated With My Company Which Means I Have 0 Profit I Received A Mail From Companies House Stating That They Have Estimated That I Would Pay A Tax Of £272 What Should I Do Because I Have Not Made Any Sale

Simon, I am buying a MUFB with 5 flats. Currently owned by Ltd company who are happy to sell the company to me thus avoiding SDLT. My aim is to split the title on purchase, increasing the value as 5x individiual flats and borrowing against this higher value. I am happy to book a call but tell me if it has mileage but if you could answer this first...would I be subject to SDLT upon splitting the titles? If yes the deal is dead. Thanks in anticipation

The trouble with flipping in a company is that you pay Corp TaxI and then income tax/Dividend tax if you withdraw it which is particularly onerous if flipping is a side hustle and you have another job.

Hi I'm a British national presently living in France but wishing to return back to the UK soon. Thank you for answering one of my questions which is basically to add my daughter as a shareholder too. When you set up the Company can I specify for example, 60% shareholding myself and 40% my daughter? I wish to create a Company for online e commence business selling on shopify, Etsy, amazon etc. for print on demand and digital download products, do you offer setting up this type of Company too? Thank you

We got fed up being taxed to death and ripped off for everything in the 'YUK' over 20 years ago, so sold up everything in 2003 and moved to Cyprus for good. And still living the dream as 'YUK' tax exiles !

Hi Simon. I have looked at the optimiseaccountants link but it isn't clear whether you would be able to advise me on my situation as the emphasis seems to be US/UK. In my case I have property in both the UK and the Isle of Man, and live between the two, with income from a UK pension and rental property on the Isle of Man. I simply want to discuss how to make that setup the most tax efficient. Would such a circunstance be something your team can advise on? If so, which link on the website to get in touch? Thanks.

Hi Simon how are you doing. I been have been giving this subject a lot of thought over the year. I think you mentioned you have other videos but couldn’t seem to find them. Do you have a link please ? Thank you. Moe

Hi Simon, i asked this question a couple years ago and you weren't sure of the answer, who is responsible for paying tax on rental property the owners on the mortgage deeds or names on the tenancy agreement, the reason my wife and I own a property in joint names and rent it out in joint names on the tenancy agreement we receive £12k a year, but next year she retires early from work so would it be worth signing the property over to her sole name so she won't get taxed because she will be using her taxable allowance up ??? would love to hear your response to this.

Very useful, thank you. It would be useful to distinguish between, reporting the sale of a property and actually paying the CGT bill. Is it 60 days for reporting? Do we need to wait for HMRC to tell us where and how to pay? This video would be most useful if it actually broke down the mechanisms of what needs to be done when and how.

I suppose that the main advantage of flipping in your own name, is that trading profits are created and that these can can be used as Nett Relevant Earnings in order to fund a pension.

awesome help ...thanks

How can I get my passport certified if I don't live in the USA or stay there do I need to call my country's embassy in the USA? I was thinking of just taking good pictures of my passport with my phone and sending it over

I’m working in China, but still earning money on the trading 212 app registered in the UK. I can’t buy shares in China. I guess I still need to pay capital gains tax?

So if somebody buys a property for £251,000, do they pay SDLT on the whole amount or just on the £1,000 in excess?