tax

Owning a home abroad

Rachel Haddow
December 27, 2008 16:52

When buying property abroad it is often necessary to set up a company to own that property – either because non-residents are not allowed to own property in a particular country, or to avoid unwelcome inheritance issues. In the past...

Ask the taxgirl: Making Tax Payments in Foreign Currency

Kelly Phillips Erb
December 27, 2008 15:31

Taxpayer asks: Dear Tax Girl, Do I have to pay my taxes in US dollars? Taxgirl says: What a fun question! At first, I was going to say “Of course!” But then I decided to do a little research and found out that I was wrong (sort of). var iamInit = function()...

Tax amnesty for buy-to-let landlords?

Cathy Corns
December 24, 2008 11:36

Apparently MPs are considering offering buy-to-let landlords the chance to make up for evading taxes by paying in full during an amnesty rather than facing financial penalties or legal action from the Revenue. If this were to happen, the amnesty...

Is HMRC a safe place for your money?

Cathy Corns
December 23, 2008 15:30

Whilst it seems a little unusual to think of depositing money with HMRC rather than with a bank, if you do have spare cash this may be something worth considering. Just to put matters in perspective, for companies that overpay...

Year-End Divorce Issues (i.e. Taxes!)

Helene Taylor
December 22, 2008 20:06

If you’re still married and working toward a divorce settlement or judgment, now is the perfect time to consider the impact taxes could have on the final outcome of your case. If you don’t understand the potential tax implications associated with the division of your assets, debts and...