Taxation of wedding gifts IHT and capital gains
  • The Tax Father

    A drawing by Diana Probst

    The Tax Flavoured Blog of a Father, Football Supporter and Runner.

Taxation of wedding gifts IHT and capital gains

Tax on Wedding Gifts – One Wedding and Some Taxes

WEDDING GIFTS Weddings provide us with the gift of celebrating the love that two people have for each other.  Well that’s what Mrs TTF tells me when I’m complaining about all the waiting around!  But what are the tax implications of giving presents to the happy couple in return for them sharing their special day? A while back the postman … Continue reading

beach

Furnished Holiday Accomodation

It’s family holiday time and we haven chose a cottage in Wells Next the Sea, a beautiful fishing village where we could relax.  I know those with kids are thinking children-relax is an oximoron but I’m ever the optimist!  As it turns out Furnished Holiday Accommodation can be stressful from both a tax and child … Continue reading

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Pool Cars

Now that we are nearing the P11D deadline (06 July) it’s important to ensure that the returns of benefits and expenses are accurate and correct. I thought it would be a good idea to highlight some misconceptions surrounding PAYE Benefits in Kind and reimbursed Expenses in a series of blogs. First up are pool cars … Continue reading

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PAYE Dispensations

Who likes doing paperwork, washing up and taking the rubbish out? Thought not! This is relevant as P11D submission day (6 July) and a friend’s Stag Do is on the agenda. In both cases you need to ask for dispensation to get out of usual duties. As every married man knows a request for dispensation … Continue reading

Salary Sacrifice

Salary Sacrifice – Tax Advantages

Having children is all about sacrifice. I’m not just talking about your salary going on nappies and formula. Gone are the days when I could do what I wanted, when I wanted. Although to be honest even then I had to get permission from Mrs TTF first. I have an email alert set up to inform … Continue reading

Tax Relief converting a shed

Tax Relief for Shed or Garage Conversion

SHED CONVERSION One of the benefits of having a garden in the country is that it comes with a shed. This might not mean a lot to my adoring women readers (I’m sure there are lots!) but the macho men amongst you are probably nodding your heads in agreement. A shed is a place that … Continue reading

Budget

2013 Highlights of Budget – Baby Budgets

I keep seeing adverts on the Internet promising that you can lose weight with one simple rule.  Well I’m going to give you one simple rule to double your turnover.  Just put the word Baby in front of your products. I read somewhere that the cost of raising a child to the age of 21 is … Continue reading

Beer and Tax

Budgeting for the Beer Fund

Ahead of the budget on 20 March 2013 I thought I would update a story that does the rounds every so often . Hopefully it will get you thinking about the rates of tax and the difficult decisions that need to be made. I would credit the person who originally came up with this story but, as I’m … Continue reading

Share Certificate and Potato

Should I Trade Through a Company? – Limited Parenting Skills

As a father sometimes I feel limited in my ability to look after the kids.  This could be likened to the fancy dress shop owner in Nuzzle and Scratch when he sends them out for sponge fingers (if you haven’t got kids just role with it).  A bit of a disaster but everything turns out … Continue reading

spoon

Taxation of Employee Awards – Recognising Hard Work

It’s half term so I thought I would take the week off to give Mrs TTF a break from looking after Jabo  (#1 son) and Baby Jarvis (#2 son). Volunteering to be a stay at home Dad for the week seemed like a great idea.  Lots of brownie points whilst playing with Lego.  What could go … Continue reading

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