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Tax Return Supplements are
If you are not sure which tax schedules you need
to complete the info below may be of some help -
it also states what documentation we need to
complete the schedule.
Employment
If you are/were employed (on a full-time,
part-time or casual basis), if a director,
office holder, agency worker etc please provide
your P45/P60 and if applicable PIID
Share Schemes
If you have been granted a share option, or
exercised a share option in connection with your
employment and too many more share options to
mention here - please provide all the paperwork.
Self Employment
If you carried on a trade, profession, or
vocation as a self-employed person we require
sight of your books, bank statements, etc. Or if
you wish you can provide a trial balance (which
must balance) along with a profit and loss and
balance sheet.
Partnership
If you carried on a trade, profession, or
vocation in partnership with one or more other
persons - the details we require are same as for
self-employed.
Land and Property
If you received income from UK land and property
including - furnished holiday lettings,
furnished accommodation in your only or main
home - provide as much detail as possible
(unless you provide services such as meals and
your activities amount to a trade, in which case
the details required are as for self-employment.
Capital Gains
if you disposed of a chargeable assets in the
year to 5 April 2003 worth more than ?15,00 or
your total chargeable gains were more than
£7,500
or you want to claim an allowable capital loss,
or make any other capital gains claim or
election for the year this is the form to use.
After receiving details we will:
1. calculate the gain, if any,
2. advise on the amount of tax to pay and when
3. complete the tax form for you if necessary
4. advise on when is the best time, within the
next 10 years, to dispose of the asset and
thereby saving up to thousands of pounds in tax.
If you have disposed of any asset or would like
to know what the tax would be if you disposed of
the asset and when the best time to do it would
be (to save heaps of tax) drop us an email
giving as much detail as possible. There is a
small fee for this service.
Inheritance Tax
Most of us are going to leave behind an
Inheritance Tax liability on our own or from our
spouse or parents etc. It's not un-common for
the tax liability runs in to thousands of pounds
if not hundreds of thousands of pounds. In many
cases this liability can be substantially
reduced by forward planning.
By providing details of all assets etc we can:
1. calculate the tax due, if any, on a
chargeable estate
2. if forward planning is required we would
advise on the current tax due and then suggest
ways to reduce the tax liability.
For further details please telephone or email.
Trusts etc
This form if you were a beneficiary of a trust
or settlement, or were a settlement whose income
is deemed to be yours, or had income from the
estate of a deceased person - we would advise on
what documentation was needed.
Foreign
Any overseas pensions or benefits, or income
from foreign companies, or savings institutions,
or income from offshore funds or trusts abroad,
or income from land property abroad, or any
royalty income from overseas - provide all
necessary paperwork
Non Residence etc
Not resident in the
UK,
not ordinarily resident in the UK etc.
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