Letter: Your Say - Car tax burden ; In association with POST OFFICEDavid Stamps
Strict rules control your charitable deduction of a donated vehicle. In most cases, your deduction is limited to the amount the charity gets for the car when it sells it. The charity should give you this information within 30 days of the sale. Without it, the maximum deduction you’ll be ...
2. Cash in your stamped Form at the appropriate bank counter or post it to the appropriate refund service provider. Allow time for the refund process. Go to Customs before or after check-in, see Refund Office list. Present your completed Tax Free Forms, receipts, passport, and purchased ite...
Home OfficeIf regularly and exclusively used for business, then yes. Multiple locations OK provided home office is primarily used for substantial administrative activities. Reimbursed through Accountable Plan. InsuranceBusiness liability insurance, yes. Auto insurance, yes if the company owns the car. He...
That includes mileage on your car, a portion of car insurance, auto repairs, maintenance, and even a portion of capital expenses like a new car purchase. Airfare, train, and bus tickets can count as business expenses if you use them to travel to professional conferences, photo shoots, o...
By its judgment, the CJEU ruled that the control fees levied in the event of non-compliance by the beneficiaries with the general conditions of use of car parks must be regarded as consideration for a supply of services and hence, subject to Value Added Tax (VAT). Tax & Legal Weekly ...
Your business use of your car must be for the convenience of your employer and not for your own personal convenience. Additionally, you must keep detailed records of your driving for business purposes. This includes the date, purpose of the trip, and the number of miles driven. By properly...
If you’re not a socialist at 20 you haven’t got a heart. If you’re not a capitalist at 30 you haven’t got a head. I’d add: if you don’t know your tax bracket then you haven’t got a clue. Most of us care most about how much of what we earn we get to keep. Not...
Buy a house or car? If you made a significant life change, congratulations! Since Uncle Sam isn’t a traditional “cool uncle,” don’t expect a gift from your registry. Instead, you might need some additional documentation and possibly extra tax forms. For example, if you got married, ...
Property118 categorically rejects the DOTAS characterisation of our tax planning structures, specifically theSubstantial Incorporation Structure (SIS)andCapital Account Restructure (CAR). These strategies’ are acommercial necessityrather than any tax avoidance intent. ...