Dale Sharp

ICAEW Chartered Accountant | Crypto investor

[Dale Sharp @dalesharp_]

Section 899 of Trump’s bill matters for UK investors. Dividends to UK residents from US companies face 15% withholding tax, which could rise 5% yearly over 4 years. Interest from US bonds may also be affected. Tax still applies to ISAs and SIPPs. Capital gains are unaffected.

[Dale Sharp @dalesharp_]

@bonzo_finance @hedera Well done team!

[Dale Sharp @dalesharp_]

@bonzo_finance @SaucerSwapLabs Great work!

[Dale Sharp @dalesharp_]

@Thesecretinves2 Great summary, crypto investors i recommend reading.

[Dale Sharp @dalesharp_]

Income from rental and gains from selling company-owned properties are taxed at Corporation Tax rates, potentially lower than CGT. But, watch out for tax on dividends or salary when extracting profits! #UKTax #PropertyTax

[Dale Sharp @dalesharp_]

Owning investment property in the UK involves several tax considerations. Here are the key considerations:
SDLT
Income Tax
CGT
IHT
ATED
CT
VAT
Deductions and Allowances
Property Structures
I will be exploring each of these areas over the next few days. #UKTax #PropertyTax

[Dale Sharp @dalesharp_]

An annual tax on properties owned by companies, partnerships, or schemes, where the property's value exceeds £500k. Charges range from £3.8k to £244.75k based on value bands. Reliefs available for commercial letting or development. Remember to file by 30 April #UKTax #PropertyTax

[Dale Sharp @dalesharp_]

@bonzo_finance Great listen as always

[Dale Sharp @dalesharp_]

@bonzo_finance Great work 🔥

[Dale Sharp @dalesharp_]

@CrispinCapital Never split the difference is a great book

[Dale Sharp @dalesharp_]

@FinanceTiger @UKLabour @Conservatives This is what happens when you tax businesses into oblivion.

[Dale Sharp @dalesharp_]

@robprogressive Self custody is one of the main reason I advocate crypto. I’ve lost count the amount of stories similar to this I’ve heard.

[Dale Sharp @dalesharp_]

My last tweet will be the final in the Seafarers Earnings Deduction (SED) series. Next, I'll be looking at taxation of property. Follow me for insights on how this could save you tax if you own investment property #UKTax #PropertyTax

[Dale Sharp @dalesharp_]

Simplify your #SED calculation with online tools like HS205, TaxCalc, or SeafarerTax. Input your time abroad to estimate tax savings. Remember, accuracy matters, so cross-check with a tax professional! #UKTax #SeafarersDeduction

[Dale Sharp @dalesharp_]

Seafarers get a 'Discharge Book' to record sea service - vital for SED claims, proving days abroad, It's used to substantiate the days spent outside the UK, which is critical for SED eligibility. #UKTax #SeafarersDeduction

[Dale Sharp @dalesharp_]

Your duties must be performed on a ship (not offshore installations), and at least part of your duties must be outside the UK. 'outside the UK' means physically not in England, Scotland, Wales, or NI at midnight. #UKTax #SeafarersDeduction