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  • Benefit in Kind and Self-Assessment

    Hi there I had BIK from my employer in 2021-22. This was included in my P11D for 2021-22. HMRC has adjusted my tax code for 2022-23 to reduce my personal tax free allowance down from £12,570 by the BIK value. Do I need to include the P11D total in my self-assessment for 2021-22 even though it is already being recovered through my adjusted tax code in 2022-23? Thanks
  • Business Asset Disposal Relief Eligibility

    Hi, can you please help with my question regarding capital gains tax/ Business Asset Disposal Relief? I closed my limited company via informal strike off in 2021-22. The company had traded for over 2 years and I was a sole director and employee for the company providing contracting services. My final capital gains distribution was under £25k. Am I eligible to claim Business Asset Disposal Relief for the capital gain even though I closed my company via informal strike off and not via members voluntary liquidation? I am not sure on the rules to be able to claim BADR if my capital distribution was under £25k and I closed via informal strike off. I believe I meet all the criteria of BADR, only I am unsure of the "disposal" aspect of the criteria if my company was struck off (and not liquidated). Thanks.