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If you have got questions, we have the answers. Just send us a message and one of our accountants will be in contact with you within 48hrs – even on weekends and holidays.

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    Stop By Anytime

    We are open: Monday to Friday from 9am to 7pm and Saturday from 10am to 5pm

    18 - 20 East Street
    Bromley, BR1 1QU

    At Adiva Accountants all initial consultations are free of charge, so contact us today.
    For quality, competitive, and friendly accountancy services, please contact

    Adiva Accountants

    on 020 8313 9117 or via email at contact@adivaaccountants.co.uk.

    At Adiva Accountants we have the knowledge and the experience to provide you with the kind of accounting and tax services that you are looking for. At Adiva Accountants we look forward to discuss with you, without obligation, ways in which we may be able to help your personal or business needs.

    Alternatively, you can complete the contact form here and we will respond as soon as possible.

    Directors of Adiva Accountants have over 10 years’ experience of providing accountancy services. They have completed Bachelor and Masters degrees in Accountancy, Taxation and Business Management. Additionally, they have completed various accountancy qualifications such as ACCA, AAT, etc. So, they hold various accountancy degrees and qualifications up to chartered certified accountant.

    They can advise you on many other things, such as how to get the best price when you come to sell your business. Or on how to satisfy the banks conditions when you need help with finance. Or on how to keep creditors, insurers and suppliers happy, etc. Their expertise covers income tax, capital gains tax, corporation tax, VAT, payroll and many more.

    They can help with dealing with Inland Revenue investigations also.


    Parking

    There are parking bays right in front of the office, please be careful not to park in loading bays. Parking costs £1.90 per hour (maximum stay 2 hours). Alternatively, you can park in Sainsbury’s car park, which is just 1 minute walk away from the office. Parking there is completely free for 30 minutes and would be free for up to 2 hours provided you spend £10 in Sainsbury’s. Our office is at 18-20 East Street, Bromley BR1 1QU, which is opposite of O’Neill’s pub and TruGym.

    Alternatively, there is a big car park (1,500 spaces) in the INTU Bromley Shopping Centre (formerly The Glades). Parking costs £1.10 per hour for every day of the week. The shopping centre car park address is: The Glades, High Street, Bromley, BR1 3EF.


    By car

    If you drive to our office in Bromley, please enter this address in your Satnav 18-20 East Street, Bromley, BR1 1QU. From Orpington, you can take A232, then A21. From Beckenham, you can take A222. From Eltham, you can take A208B226A2212, then A21. From Lewisham and Catford, you can take A21. From Croydon, you can take A232A233, then A21. From Kent, you can take A21. From North and East London, you can take the Blackwell tunnel southbound, A2A2213A20South Circular RoadA2212, then A21. From West London, you can take South Circular Road to Catford, then A21.


    Public transport

    We are situated in Bromley East Street, which is served by Bromley South and Bromley North train stations, they are about 5-10 minute’s walk away oesterreichischeapotheke.com/. There are direct trains from London Victoria, London Bridge and London Blackfriars to Bromley South station. Bromley South is connected by direct trains to major towns around London and in Kent such as St Albans, Orpington, Sevenoaks, Ashford, Gillingham, and Ramsgate.

    The main bus routes serving Bromley High street are 61, 119, 138, 146, 208, 227, 246, 261, 269, 320, 336, 352, 354, 358, and 367.

    Chartered Certified Accountants       Call us: 020 8313 9117 contact@adivaaccountants.co.uk
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    How family can affect the Capital Gains and Inheritance?

    The joint ownership of assets

    The ownership of income producing assets should be divided in such a way, to ensure that personal allowances are fully utilised. This way any higher rate tax liabilities are minimised. When husband and wife jointly own assets, any income arising is usually assumed to be shared equally for tax purposes. This rule applies even where the asset is owned in unequal shares. Unless an election is made to split the income in accordance to the ownership of the asset.

    Married couples are taxed on dividends from jointly owned shares in ‘close’ companies according to their ownership of the shares. Close companies are those owned by the directors, or five or fewer people. For example, if a spouse is entitled to 95% of the income from jointly owned shares they will pay tax on 95% of the dividends from those shares. This is designed to close a loophole in the rules and does not apply to income from any other jointly owned assets.

    We at Adiva Accountants can advise on the best strategy for jointly owned assets to ensure that the tax liabilities are minimised.

    Capital gains tax (CGT)

    The CGT liability for each spouse is computed by reference to their own disposals of assets. Each spouse is entitled to their own annual exemption allowance of £11,100 per annum, for 2015/16 and 2016/17.

    Tax savings may be made by ensuring that maximum advantage is taken of any available capital losses and annual exemptions. This often is achieved by transferring assets between spouses before the sale of the asset. This course of action generally has no adverse implications for CGT or inheritance tax. Planning is important, and the impact on income tax of transferring assets should be carefully considered.

    Inheritance tax (IHT)

    When a person dies, IHT becomes due on their estate. The rate of inheritance tax payable is 40% on death, and 20% on lifetime chargeable transfers. The nil rate band covers the first £325,000. Providing the donor survives for seven years after the gift, most of them are ignored and not tax is due on them.

    Transfers of property between spouses are generally exempt from IHT. New rules have been introduced which allow the surviving spouse to use any nil-rate band unused on the first spouse’s death. The transfer of the unused nil-rate band from a deceased spouse, irrelevant of the date of death, may be made to the estate of their surviving spouse who dies on or after 9 October 2007. The amount of the nil-rate band available for transfer will be based on the proportion of the nil-rate band which was unused when the first spouse died.

    IHT is not charged on a gift for family maintenance. These cases include the transfer of property made on divorce under a court order. Also, the gifts for the education of children, or maintenance of a dependent relative.

    Gifts in consideration of marriage are exempt up to £5,000 if made by a parent with lower limits for other donors.

    Small gifts to individuals not exceeding £250 in total per tax year per recipient are exempt.

    Gifts which are made from income which are typical and habitual and do not result in a fall in the standard of living of the donor are exempt. Payments under deed of covenant and the payment of annual premiums on life insurance policies would usually be exempt too.

    If you live in Greenwich, Bromley, Kent and London we, at Adiva Accountants in Greenwich can help you pay less Capital Gains and Inheritance tax, depending on your family’s personal circumstances, so why not call us today.

    Categories: Personal taxation, Self assessment tax return
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