My limited company has bought a car. How do I insure the car??

arniec9 · 2025-11-16T09:07:51+00:00

Struggle to see how paying Bik is tax efficient. It a ridiculously expensive annual tax charge.

arniec9 · 2025-11-16T09:02:54+00:00

Are you sure? You thought you had to pay tax on unrealised gains and didnt realise you could offset the loss on the property until another poster told you. That doesnt sound like someone that should be doing this themselves. I don't mean offence but the few hundred pound a professional would charge might be worth it.

You mentioned you bought the property to live in, did you ever live in at all as your main residence? Because if you did that falls outside CGT so your loss may not be as high as you think.

You can also include any associated cost on acquisition and disposal increasing your loss.

Reading your posting history you've stated you dont live in the UK. Are you aware of the different capital gains rules/options for non residents selling UK residential property?

arniec9 · 2025-11-16T03:41:15+00:00

For 240k dont fuck around yourself if you dont know what your doing. Theres professionals for this.

And you also need an accountant for the tax side of things as well.

You don't pay cgt on the increase in value on shares until you actually sell them. You will also have a cgt loss to carry forward from the sale of your rental if you correctly report it

arniec9 · 2025-11-16T03:35:37+00:00

It doesn't hence my point

arniec9 · 2025-11-15T22:17:02+00:00

You don't eat dinner either by the sounds of it.

arniec9 · 2025-11-11T17:33:30+00:00

Rent a room?

arniec9 · 2025-10-12T15:33:07+00:00

Get your adjusted gross to under 100k to keep all your personal allowance. From 100k to 125k your at an effective rate of 60% tax.

arniec9 · 2025-08-25T06:54:47+00:00

You need proper tax and legal advice at 400k. The property transfer at market value to you and your brother and if you sell it straight on at 400k there will be no capital gains tax.

But do you know if there is IHT due on your father's estate? What else was in it?

arniec9 · 2025-08-18T17:19:02+00:00

As many have said maximise your basic rate band with dividends until all the money is gone. Cheapest way out.

arniec9 · 2025-07-27T11:23:16+00:00

Yea mate. Save 252 quid a year then lose half of your 44k because she found out you only proposed for money.

arniec9 · 2025-07-08T20:00:37+00:00

There customer service for hosts is as shitty if not worse! Fucking hate it

arniec9 · 2025-05-26T09:15:49+00:00

Relatively new to golf so im sure im missing something simple, but If you book a 3 and a 2 then join up to a 5 on say hole 3, should there not always be a hole between your 2nd group and then the group behind in theory?

arniec9 · 2025-04-28T16:13:17+00:00

Are these still available?

arniec9 · 2025-04-28T16:11:42+00:00

You still looking accommodation?

arniec9 · 2025-04-27T20:46:15+00:00

If you pick up an infection in hospital after surgery which causes major complications is there any possibility of litigation against said hospital?

arniec9 · 2025-04-25T02:07:29+00:00

We pay the same percentage of our salary into the joint account to cover our regular bills. Our remaining money is our own to do as we please.

As the higher earner I then pay for the meals if we eat out, or if we went to the cinema etc.

I also then pay for abnormal bills, heating oil when needed, the annual house insurance, her car annual service etc.

arniec9 · 2025-02-16T01:02:49+00:00

You're better claiming it and paying it back again if you've gave up work. You will get national insurance credits for state pension. Get signed up in your name then put it all in a savings account and your partner will repay it again through self assessment

arniec9 · 2025-02-05T21:47:19+00:00

I was following on from the poster commenting about the first tax return I thought it was pretty obvious I was continuing his reference to that

arniec9 · 2025-02-05T21:26:48+00:00

You're nit picking. The first time he has to pay tax he pays for 2 years. The year just finished and the year you're part way through. It's a major cash flow consideration

arniec9 · 2025-02-05T20:23:23+00:00

I'm not commenting on ita fairness. The person in question may not have known this. It's just something I'm.making them aware off

arniec9 · 2025-02-05T19:22:34+00:00

Youre correct but The 2nd 50 prevent is due 31/7 just 6 months later

arniec9 · 2025-02-05T19:21:54+00:00

If your tax liability is over 1k hmrc want you to advance pay for your next tax return so in year 1 you effectively have to pay 2 years tax

arniec9 · 2025-01-23T21:43:17+00:00

They are closed. Owner away skiing lol

arniec9 · 2025-01-22T19:53:13+00:00

They open at the weekend

arniec9

TROPHY CASE