Documents for Business

In excess of 1,000 customisable documents covering every conceivable business issue.
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Request to pay capital gains tax in instalments letter

Request to pay capital gains tax in instalments letterFor individuals, capital gains tax is payable by 31 January following the end of the tax year in which the gain occurred, e.g. 31 January 2019 for a gain made in 2017/18. Usually you'll have enough... Read more
 
 

Letter turning down an interview

letter turning down an interviewThere is no statutory obligation to attend an interview with HMRC. If HMRC requests a meeting, but you're satisfied that there's no advantage to having one at this stage of the enquiry, you can write, declining a meeting... Read more
 
 

CGT unpaid proceeds claim

CGT unpaid proceeds claim If you sell an asset and the buyer fails to pay all or part of the proceeds, and you are unable to recover them, you can claim a reduction for the amount of gain chargeable to tax. Consideration payable after saleWhere you s... Read more
 
 

Election for foreign losses

Election for foreign lossesIf you are non-UK domiciled but tax resident here, you may claim the remittance basis. To receive any kind of relief for foreign losses, an election must be made, but this shouldn't be done without careful consideration.Domi... Read more
 
 

Election for rent-a-room relief alternative basis

Election for rent-a-room relief alternative basisIf you let a room in your own home, the rent you receive is exempt from income tax if it is less than the rent-a-room limit of £7,500. If the rent exceeds the limit the relief doesn't apply and the tax... Read more
 
 

Remittance basis election

Remittance basis electionIf you live in the UK, but are not domiciled here, you may benefit from making a claim to be taxed on the remittance basis.Remittance basisA UK resident taxpayer is generally subject to UK tax on their worldwide income. Resid... Read more
 
 

Employee provision of home telephone policy

Employee - provision of home telephone policyIf one or more of your employees work from home and need a landline phone for work purposes, you might agree to provide the equipment and pay the rent and call charges. HMRC may argue that a benefit in kin... Read more
 
 

Cars and car allowances policy

Cars and car allowances policyIf you provide your employees with a car you can use a policy to set the terms and conditions of its use. If only a couple of employees have company cars, you might find it easier to include the provision in their contra... Read more
 
 

IHT claim for fall in value relief for land and buildings

IHT claim for fall in value relief for land and buildingsWhere, within four years of the date of the deceased's death, a property in their estate is sold at open market value for less than probate value, you can make a claim to recalculate the inherit... Read more
 
 

Record of gifts

Record of giftsOne way to reduce an inheritance tax (IHT) bill is to simply give away your wealth during your lifetime. Keeping a record of the gifts you've made and IHT exemptions claimed will help the executors of your estate tackle any queries fro... Read more
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