Tax Tips
I am considering buying my first home and was aware that there is an exemption from stamp duty land tax for first time buyers, what are the rates of stamp duty and can you tell me what are the conditions to qualify for the exemption?
When we built a house several years ago we were able to reclaim the VAT incurred on our expenditure as this was to be our family home. We have now built a holiday home and the builder said we can do the same. Is this correct?
For many years I have sold a number of old second hand items through classified adverts in my local newspaper. I have also started selling a few items on internet auction sites. Should I be paying tax on the profit I make?
I own a business in the Newry area. HM Revenue & Customs have recently issued me with a letter explaining that they will send an officer to my business to inspect my VAT records. Have you any advice on how I should deal with HMRC?
I am employed and complete a UK self assessment income tax return each year because I rent out a property in Northern Ireland. I am in the process of collating the information for my 2009/10 tax return....
I have been trading as a Sole Trader for many years. My son has been an employee of my business from leaving school and now, as a reward for his commitment and hard work, I intend to introduce him as a partner
Are there any relatively straightforward ways to make gifts of money during my lifetime to avoid an Inheritance Tax?
There is widespread speculation that capital gains tax on non-business assets will, following the emergency budget on 22 June 2010, rise to a rate similar to that of income tax; perhaps 40 per cent or 50 per cent. Who will these changes affect?
I live in Camlough, but work in Dundalk full-time. On filing my UK tax return I have also had to pay tax to the UK Revenue authorities because I had not paid enough PAYE in Ireland. Why do I have extra tax to pay?
I am due to leave University soon and hopefully will be starting my first full time job. Will I pay tax straight away?
