How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask F. Naz Your Own Question

F. Naz
F. Naz, B.Com
Category: Single Problem
Satisfied Customers: 5316
Experience:  Have completed B.Com and CA Finalist
20040807
Type Your Single Problem Question Here...
F. Naz is online now

Uk Tax bigduckon tax, The investor is non-domiciled and

Customer Question

Uk Tax bigduckon tax, The investor is non-domiciled and non-resident. He bought a property and refurbished and is in the process of selling it at a profit of £40,000..... CGT. Can he and his wife claim Capital Allowance of approx... £11,000. If the profits
lie within basicc rate, we apply 18% and if above , then 28%. Please reply. With regards,
Submitted: 1 year ago.
Category: Single Problem
Expert:  F. Naz replied 1 year ago.
The person who is non resident of U.K is exempt from the CGT for the profits of U.K . Which means that the investor do not need to pay any tax on the profits of 40,000 so ultimately they cannot claim the capital allowance in this case.
Customer: replied 1 year ago.
Which world you live in. Your answer is not up to date in accordance with new law.
Expert:  F. Naz replied 1 year ago.
Okay, I will go through it and come back to you soon, thanks.

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
< Previous | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP
  • I Couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex
 
 
 

Meet The Experts:

 
 
 
  • linda_us

    linda_us

    Master's Degree

    Satisfied Customers:

    476
    A tutor for Business, Finance, Accounts and other related topics.
< Previous | Next >
  • http://ww2.justanswer.co.uk/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg linda_us's Avatar

    linda_us

    Master's Degree

    Satisfied Customers:

    476
    A tutor for Business, Finance, Accounts and other related topics.
  • http://ww2.justanswer.co.uk/uploads/ED/educatortech/2012-6-7_1256_williams4.64x64.jpg Mr. Greg's Avatar

    Mr. Greg

    Master's Degree

    Satisfied Customers:

    187
    M.A., M.S. Education / Educational Administration
  • http://ww2.justanswer.co.uk/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    B.Com

    Satisfied Customers:

    33
    Have completed B.Com and CA Finalist
  • http://ww2.justanswer.co.uk/uploads/MC/mcgi/2014-9-7_202720_acounting.64x64.jpg Neo's Avatar

    Neo

    Bachelor's Degree

    Satisfied Customers:

    427
    BS Accounting
  • http://ww2.justanswer.co.uk/uploads/GE/getsetgo/2013-5-1_55439_din.64x64.jpg getsetgo's Avatar

    getsetgo

    Master's Degree

    Satisfied Customers:

    83
    MBA from premium institute. 9+ years experience at executive level in Fortune-200 company.
  • /img/opt/shirt.png KellyV2012's Avatar

    KellyV2012

    Bachelor's Degree

    Satisfied Customers:

    46
    BS in Business Administration: Options in Accounting & Finance