Posts Categorized: Question of the Week

HR Question of the Week

Question I’ve been speaking to a client who’s got a bit of a dilemma – they’ve just received a flexible working request from an employee who needs to leave earlier to pick his children up from school. This is the first request they’ve received; how should they handle this?   Answer I’m surprised this is… Read more »

VAT Question of the Week

Question As a business, we are committed to developing our staff and consequently have a number of employees on training contracts, whereby as their employer we pay for professional training costs and examinations. The terms of engagement are fairly typical in that should they leave within a certain period they are required to repay the… Read more »

Tax Question of the Week

Question I have various clients who receive rental income from residential lettings. Can you please remind me of the change to the relief for “wear and tear” allowance and the renewals basis for expenditure within their properties, and particularly how these differ for corporate landlords?   Answer With the exception of furnished holiday lettings, capital… Read more »

HR Question of the Week

Question We have a number of employees who are engaged on ‘zero hours’ contracts, and thus only work as and when required.  If they fall sick, will SSP be payable?   Answer To fall within the SSP scheme, the individual must be an employee for the purposes of Class 1 National Insurance Contributions.  There is… Read more »

VAT Question of the Week

Question My client is a VAT registered Ltd Co that owns a portfolio of rental properties both commercial and residential. The company purchased some land adjacent to a pub on which they incurred VAT. In order to reclaim the VAT, my client opted to tax. The company is now in the process of selling the land to… Read more »

Tax Question of the Week

Question Two sisters inherited a property development business when their father passed away. They continued this business as a partnership renovating and developing properties to sell on at profit. One of the sisters wants to buy one of the properties for herself. She is to pay market value but the partnership will make a loss… Read more »

Tax Question of the Week

Question My client has transferred a residential property into a discretionary trust. The value of the property is over the IHT nil rate band. Are there are CGT implications? If the trustees sell the property in the future can they claim principle private residence relief? Answer A transfer into a discretionary trust is a chargeable… Read more »

HR Question of the Week

Question One of my clients has received job applications from school children and college students to fill summer job vacancies. Is there anything special that she needs to know that is different from employing adults? Answer Whilst general employment law principles are the same for managing younger workers as they are for your adult staff,… Read more »

VAT Question of the Week

Question My client trades below the VAT threshold in the UK but is to supply marketing consultancy services to an unregistered business in France. If these supplies take his turnover over £85,000 should he register for VAT in the UK or does he need to register in France, or neither?   Answer For VAT purposes,… Read more »

Tax Question of the Week

Question I have a client who is non-resident in the UK having lived and worked abroad for the last 7 years.  He currently owns a property in the UK that was his main home before he left to work abroad.  Since his departure he has let this property out, receiving rents which have been included… Read more »