Best kitchens offers reviews i could give are that you dont pay until the kitchen is delivered.
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Kitchen Offers Reviews
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kitchen layout ideas, kitchen design
You will want to plan the appliances that you actually need. Since the kitchen is small in size, it is vital that you install only what you actually require. There is no point in making your kitchen full of the latest gadgets that will not allow you to move around and work. The placing of the appliances also needs to be decided.
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Child Benefit Question re 50k plus
Hi All
I have a quick question that I hope someone can help with.
I currently earn a basic salary of £49350, which is just below the CHB threshold of 50k+. I earn good overtime however. I recently received a tax breakdown from HMRC which showed I earnt 54k last year.
Our daughter is 9 months now (born in Feb) and so we have been receiving CHB since then. I expect my salary to be closer to 60k this year with my overtime. My wife left her job after we had our child.
I guess with me earning between 50-60k I will lose most of the CHB but I am worried that HMRC will take a big chunk from my salary once the tac year is up and my salary is closer to 60k. How should I approach this? My OT isnt guaranteed but most years I will definitely earn closer to 55-60k. Should I speak to HMRC now?
Appreciate any advice on this.
Thanks
I have a quick question that I hope someone can help with.
I currently earn a basic salary of £49350, which is just below the CHB threshold of 50k+. I earn good overtime however. I recently received a tax breakdown from HMRC which showed I earnt 54k last year.
Our daughter is 9 months now (born in Feb) and so we have been receiving CHB since then. I expect my salary to be closer to 60k this year with my overtime. My wife left her job after we had our child.
I guess with me earning between 50-60k I will lose most of the CHB but I am worried that HMRC will take a big chunk from my salary once the tac year is up and my salary is closer to 60k. How should I approach this? My OT isnt guaranteed but most years I will definitely earn closer to 55-60k. Should I speak to HMRC now?
Appreciate any advice on this.
Thanks
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CGT and Lettings relief on ex PPR
Hello,
I will be selling my flat that I bought in November 1998 for £53K hopefully for around £320K .
It was my PPR (not designated with HMRC but I have proof) from 1998 until July 200, since then it has been rented out. I will be in the 28% bracket for CGT.
I know that I can deduct buying, selling and improvement costs from the gain.. If I have changed my mortgage 3 times in this period can I deduct all 3 arrangement fees ot just the one on initial purchase? How would I work out what CGT I owe less PPR relief and lettings relief.? And lastly should I engage a tax adviser or a chartered accountant when I do my tax return?
Thank you for any replies.
Gipsybabe
I will be selling my flat that I bought in November 1998 for £53K hopefully for around £320K .
It was my PPR (not designated with HMRC but I have proof) from 1998 until July 200, since then it has been rented out. I will be in the 28% bracket for CGT.
I know that I can deduct buying, selling and improvement costs from the gain.. If I have changed my mortgage 3 times in this period can I deduct all 3 arrangement fees ot just the one on initial purchase? How would I work out what CGT I owe less PPR relief and lettings relief.? And lastly should I engage a tax adviser or a chartered accountant when I do my tax return?
Thank you for any replies.
Gipsybabe
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Will vs Assets at Death IHT 205
If a Will states that surviving spouse is both trustee and executor and that spouse can continue to live in shared T-in-C property under trust conditions and also residue of deceased estate is held in trust, but spouse can have access to this residue under loan conditions, how does this will effect the deceased assets at death submitted in Box J Form IHT 205. wrt IHT?
Because the deceased assets are held subject to Trustee associated with the will,are assets which are greater tha £325k,subject to IHT?
If Will stated that deceased estate which was greater tha £325k went solely to surviving spouse with no Trustee involved I can see that no IHT would be due, however Im not sure with case above?
Because the deceased assets are held subject to Trustee associated with the will,are assets which are greater tha £325k,subject to IHT?
If Will stated that deceased estate which was greater tha £325k went solely to surviving spouse with no Trustee involved I can see that no IHT would be due, however Im not sure with case above?
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rental income/charitable donation
Hi all,
I work full time and also have a property which I let through a letting agents.
As The property was former residential but i moved away with work so let it out. i dont keep it for annual profit but it pays for itself and I usually find myself owing a few quid in tax or a small rebate.
A couple of years back the letting agents asked if i wanted to donate a small amount to their chosen charity, i agreed and this was tax deductible.
I now work for a charity and if i am in a position where I may be faced with a small tax bill, i would much rather make a small donation to the charity i work for. I am just unsure how I would do this, IE the donation would just be in my name but would be from the income from the property.
I understand the charity can gift aid it, but how would that donation reduce the likelihood of me paying tax.
I work full time and also have a property which I let through a letting agents.
As The property was former residential but i moved away with work so let it out. i dont keep it for annual profit but it pays for itself and I usually find myself owing a few quid in tax or a small rebate.
A couple of years back the letting agents asked if i wanted to donate a small amount to their chosen charity, i agreed and this was tax deductible.
I now work for a charity and if i am in a position where I may be faced with a small tax bill, i would much rather make a small donation to the charity i work for. I am just unsure how I would do this, IE the donation would just be in my name but would be from the income from the property.
I understand the charity can gift aid it, but how would that donation reduce the likelihood of me paying tax.
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IRS Tax Reduction
IRS payments have various plans. Many taxpayers are not aware of the fact that there are many types of IRS payment plans. First of all it depends on how much money you owe and your ability to make the required monthly minimum payments including several other determining factors. Although all IRS payment plans are completely different, the lowest line remains the same: they permit you to pay your debt over AN extended amount of your time.
Following are the kinds of IRS payment plans and a few basic info to grant you an improved plan of what they need to offer:
1. Guaranteed installment agreement. Those that owe but $10k are ready to cash in of this agency payment set up. This kind of agreement is typically paid over the course of 3 years or less. This is often a really straightforward installment agreement to qualify for that is why it's referred as Guaranteed.
2. Streamlined installment agreement. This is often for taxpayers who owe the IRS up to $25k. This payment set up is sometimes displayed over the course of 5 years or sixty months however it can be less. This type of payment set up permits a remuneration to repay IRS payments over a extended amount of your time than the guaranteed installment agreement. Typically the IRS won't approve such type for those; who file for these as a result of they feel they will not be able to repay the minimum payments needed or who have a history of defaulting on installment agreements.
3. Financially verified installment agreement. If you owe over $25k to the office you ought to admit this kind of payment arrangement. With this, you would like to incorporate a monetary speech act. A financially verified installment agreement is more difficult than previous installments... If you owe the office this much cash they will ask for your financial situation and you'll have to be compelled to offer them confidence that you just eventually are going to be ready to pay off the quantity owed before they permit you to enter into anyone of IRS payment plans.
4. Partial payment installment agreement. This IRS Payment Plan will allow you to to pay over several months, however conjointly for fewer than what you really owe. In most cases, a partial payment installment agreement is less complicated to get than other offer in compromise. And with the power to pay but what's owed, it's one thing that many taxpayers have an interest in. you'll solely qualify for a partial payment installment agreement if you'll persuade the IRS that if you were to repay the desired payments with a traditional installment agreement it'd cause you economic hardship.
Are you still confused on whom IRS payment arranges is applicable for you? Then you need to rent a tax professional. Including both pros and cons there is a lot of thing to know about all various types of IRS Payment Plan. The above information is just start up when you need any assistance never hesitate to hire a skilled Tax professional which will ensure you to take all right decisions. If you want to know more than feel free to call at: 855-630-5283. :j:rotfl::T
Following are the kinds of IRS payment plans and a few basic info to grant you an improved plan of what they need to offer:
1. Guaranteed installment agreement. Those that owe but $10k are ready to cash in of this agency payment set up. This kind of agreement is typically paid over the course of 3 years or less. This is often a really straightforward installment agreement to qualify for that is why it's referred as Guaranteed.
2. Streamlined installment agreement. This is often for taxpayers who owe the IRS up to $25k. This payment set up is sometimes displayed over the course of 5 years or sixty months however it can be less. This type of payment set up permits a remuneration to repay IRS payments over a extended amount of your time than the guaranteed installment agreement. Typically the IRS won't approve such type for those; who file for these as a result of they feel they will not be able to repay the minimum payments needed or who have a history of defaulting on installment agreements.
3. Financially verified installment agreement. If you owe over $25k to the office you ought to admit this kind of payment arrangement. With this, you would like to incorporate a monetary speech act. A financially verified installment agreement is more difficult than previous installments... If you owe the office this much cash they will ask for your financial situation and you'll have to be compelled to offer them confidence that you just eventually are going to be ready to pay off the quantity owed before they permit you to enter into anyone of IRS payment plans.
4. Partial payment installment agreement. This IRS Payment Plan will allow you to to pay over several months, however conjointly for fewer than what you really owe. In most cases, a partial payment installment agreement is less complicated to get than other offer in compromise. And with the power to pay but what's owed, it's one thing that many taxpayers have an interest in. you'll solely qualify for a partial payment installment agreement if you'll persuade the IRS that if you were to repay the desired payments with a traditional installment agreement it'd cause you economic hardship.
Are you still confused on whom IRS payment arranges is applicable for you? Then you need to rent a tax professional. Including both pros and cons there is a lot of thing to know about all various types of IRS Payment Plan. The above information is just start up when you need any assistance never hesitate to hire a skilled Tax professional which will ensure you to take all right decisions. If you want to know more than feel free to call at: 855-630-5283. :j:rotfl::T
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Bringing Overseas Pension into UK
Hello,
I am after some advice regarding the tax situation on our overseas pension. I have been going around and around on the internet and have had conflicting advice from a couple of tax experts.
Me and my wife worked in the Cayman Islands between 2002 and 2005. We have been back and working in the UK since then.
Whilst we were in Cayman my wife received a pension from her employer in the form of an investment portfolio with the local pension scheme provider. Now that we have left Cayman we are able to cash in the investment and bring it back to the UK.
When we returned the investment was worth around US$20,000. It is now worth around US$28,000.
I have a few questions - do we need to pay tax on this if we bring it back? My wife earned the money whilst not resident in the UK so does this mean we would pay no tax on the value of the investment at the time we came back. Would we pay tax on the US$8,000 gain? Is this a capital gain or treated as income? Should we be declaring this investment and paying tax on any gains whilst it is still in Cayman?
Huge thanks in advance for any help.
I am after some advice regarding the tax situation on our overseas pension. I have been going around and around on the internet and have had conflicting advice from a couple of tax experts.
Me and my wife worked in the Cayman Islands between 2002 and 2005. We have been back and working in the UK since then.
Whilst we were in Cayman my wife received a pension from her employer in the form of an investment portfolio with the local pension scheme provider. Now that we have left Cayman we are able to cash in the investment and bring it back to the UK.
When we returned the investment was worth around US$20,000. It is now worth around US$28,000.
I have a few questions - do we need to pay tax on this if we bring it back? My wife earned the money whilst not resident in the UK so does this mean we would pay no tax on the value of the investment at the time we came back. Would we pay tax on the US$8,000 gain? Is this a capital gain or treated as income? Should we be declaring this investment and paying tax on any gains whilst it is still in Cayman?
Huge thanks in advance for any help.
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Employed and Self Employed Questions
Hi,
Just want to ask about if you have National Insurance paid from your work, do you need to pay it again for being self employed? I currently have no profit so I have a low income exemption for my self employed but just wondered about this.
Also does the Self Employed earnings tax limit still allowed even though you have the income from a employed job?
Thanks
Just want to ask about if you have National Insurance paid from your work, do you need to pay it again for being self employed? I currently have no profit so I have a low income exemption for my self employed but just wondered about this.
Also does the Self Employed earnings tax limit still allowed even though you have the income from a employed job?
Thanks
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becoming an accountant without the relevant degree?
didnt know where to put this question.
I've got a question for a friend. He is currently working as a Mortgage Advisor and has a degree in Business Studies ( NO specialisation in accounting).
However he wishes now to become an accountant.
?
What's the best route he can take to become one
I've got a question for a friend. He is currently working as a Mortgage Advisor and has a degree in Business Studies ( NO specialisation in accounting).
However he wishes now to become an accountant.
?
What's the best route he can take to become one
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Tax Code
My tax code is 1064LM1, I work about 30 hours a week and don't understand why I have 2 letters in my code, any help or advice will be welcome:)
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capital gains tax on primary residence
Hi All,
My parents currently live in their primary house of residence which that have been living in for 20years. Due to health problems they need to downsize their home and get a smaller house. They are in the fortunate situation where they don't have to rely on selling the primary property right to buy the newer smaller property, they will buy the second property with cash.
An offer has been accepted on a newer property, the plan is to get the keys of the second property, help them move from the original property to the second property and then once that is complete sell the original property.
My question is around capital gains tax, if they moved in to the new property and then sold the original property after moving, would they have to pay capital gains tax and if so how is best to avoid this?
Would it make more sense to buy the second home and not move until the the selling of the first home has been completed?
thanks in advance
My parents currently live in their primary house of residence which that have been living in for 20years. Due to health problems they need to downsize their home and get a smaller house. They are in the fortunate situation where they don't have to rely on selling the primary property right to buy the newer smaller property, they will buy the second property with cash.
An offer has been accepted on a newer property, the plan is to get the keys of the second property, help them move from the original property to the second property and then once that is complete sell the original property.
My question is around capital gains tax, if they moved in to the new property and then sold the original property after moving, would they have to pay capital gains tax and if so how is best to avoid this?
Would it make more sense to buy the second home and not move until the the selling of the first home has been completed?
thanks in advance
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Car allowance and mileage rates
Morning all,
I currently receive a car allowance in my job (no option of company car), of £5100 a year, and would like some advice on mileage rates.
So far I have done c5k business miles this year, and the company reimburses me at the same rate as for a company car driver, using the figures stated by the HMRC, so 13p a mile for my 2l Diesel car.
A colleague mentioned to me recently, that I should be able to reclaim up to 45p a mile for the first 10k business miles from the tax man?
Does this ring true? Would the tax man treat my car allowance the same as a company car (which is what my company is doing), or would they treat it as a private vehicle and give me relief based on that.
if so...would I get the full amount back (e.g. 5k miles * (45p-13p) = £1600...or would this be taxed at my 40% rate, and so £960.
And a final, i promise, question, if I can claim back, is there a way of claiming back for previous years? (i filled a tax return for last year due to child benefits, but was ignorant to this, so dont think I even mentioned it!!)
Any advice would be greatly appreciated!
Thanks
Steve
I currently receive a car allowance in my job (no option of company car), of £5100 a year, and would like some advice on mileage rates.
So far I have done c5k business miles this year, and the company reimburses me at the same rate as for a company car driver, using the figures stated by the HMRC, so 13p a mile for my 2l Diesel car.
A colleague mentioned to me recently, that I should be able to reclaim up to 45p a mile for the first 10k business miles from the tax man?
Does this ring true? Would the tax man treat my car allowance the same as a company car (which is what my company is doing), or would they treat it as a private vehicle and give me relief based on that.
if so...would I get the full amount back (e.g. 5k miles * (45p-13p) = £1600...or would this be taxed at my 40% rate, and so £960.
And a final, i promise, question, if I can claim back, is there a way of claiming back for previous years? (i filled a tax return for last year due to child benefits, but was ignorant to this, so dont think I even mentioned it!!)
Any advice would be greatly appreciated!
Thanks
Steve
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Self Assessment - Mortgage Interest and other expenses?
Hi
I have a few questions about self assessment/self employed.
I work full time in a civil service job, but on 1st October I started working freelance for a travel blog site that pay me per travel deal I post. This is an internet based site so I work from home blogging internet travel deals. I probably earn £200-£300 a month maximum and do around 5 hrs a day, mainly in the early mornings or evenings, although at weekends it could be 10 hours plus a day! I would guess averaging out it would be about 120 hours a month.
I have registered this morning with HMRC and the lady also registered the NI exemption as I won't be earning over the £5k figure.
So, reading through self assessment I have a few questions:
I have used the simplified expenses to work out the hours I work from home and it says I can claim a flat rate of £26 per month - not including telephone/internet.
Up until starting this I only had my mobile but needed a landline so I could have a broadband connection and laptop/tablet rather than just a phone. My internet/landline is £7.50 per month (got a rather good deal - can I claim all of this)? I also bought a laptop for around £220 new from Tesco as I can't do my work just from a mobile phone internet - can I claim for this too?
What is this about claiming mortgage interest? Exactly how much can I claim, my mortgage interest is huge as I am on fixed rate of 5.99%! Likewise same question for Council tax?
Apologies if this is all a bit silly question wise as I have no idea. I realise I probably won't have to worry about all this until April 2015 but it would be helpful if I had some clue so I am not worrying last minute.
I forgot to add. There are 5 rooms in my house, 2 bedrooms, a kitchen, bathroom and living room. One of the bedrooms I use for work as it is a spare room, I would say 90% of the time but it doubles up as a spare room for occasional guests, a dressing room and has an exercise bike in it. The calculation for working out the tax this way has cabbaged my head!!
I have a few questions about self assessment/self employed.
I work full time in a civil service job, but on 1st October I started working freelance for a travel blog site that pay me per travel deal I post. This is an internet based site so I work from home blogging internet travel deals. I probably earn £200-£300 a month maximum and do around 5 hrs a day, mainly in the early mornings or evenings, although at weekends it could be 10 hours plus a day! I would guess averaging out it would be about 120 hours a month.
I have registered this morning with HMRC and the lady also registered the NI exemption as I won't be earning over the £5k figure.
So, reading through self assessment I have a few questions:
I have used the simplified expenses to work out the hours I work from home and it says I can claim a flat rate of £26 per month - not including telephone/internet.
Up until starting this I only had my mobile but needed a landline so I could have a broadband connection and laptop/tablet rather than just a phone. My internet/landline is £7.50 per month (got a rather good deal - can I claim all of this)? I also bought a laptop for around £220 new from Tesco as I can't do my work just from a mobile phone internet - can I claim for this too?
What is this about claiming mortgage interest? Exactly how much can I claim, my mortgage interest is huge as I am on fixed rate of 5.99%! Likewise same question for Council tax?
Apologies if this is all a bit silly question wise as I have no idea. I realise I probably won't have to worry about all this until April 2015 but it would be helpful if I had some clue so I am not worrying last minute.
I forgot to add. There are 5 rooms in my house, 2 bedrooms, a kitchen, bathroom and living room. One of the bedrooms I use for work as it is a spare room, I would say 90% of the time but it doubles up as a spare room for occasional guests, a dressing room and has an exercise bike in it. The calculation for working out the tax this way has cabbaged my head!!
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Self Employed, business trip expenses?
I did a job in london to which I had to travel by train and stay a few nights in a hotel.
Basically what can be claimed as a business expense? Im assuming the train tickets but what about the hotel costs, food, drinks etc?
Thanks
Basically what can be claimed as a business expense? Im assuming the train tickets but what about the hotel costs, food, drinks etc?
Thanks
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National Insurance
My son works part time while studying at University. He got paid today and his employer has deducted £14.50 National Insurance. He has never paid NI contributions before. When should you start to pay NI? He is 19 years old and his wage was just over £400. Thanks
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Council Tax issue + Court Summons
Hey guys,
Today I received a court summons for paying council tax requesting that I pay the outstanding balance for the year + a court fee of 85 pounds. I was a bit confused by this as I wasn't aware I was not in line with my agreed payment schedule.
Awhile ago I spoke to the council because they kept sending the bill in my landlords name, I got the name changed on the bill and I usually pay online by debit card, I was told that I could continue paying this way as long as it was by the end of the month.
I have been doing this. I was away in June and I didn't pay that months payment until 1st July. I received a reminder letter. Saying that if i missed three payments I would be required to pay in full. A few months later I received another reminder letter stating the same thing. I checked, and all my payments where up to date so didn't seem to be a problem.
Plus if the council wanted me to pay in full for the year rather than by instalments, I was happy to do so. So s the letter said, my right to pay by instalments was withdrawn for whatever reason, then no problem I would just pay in full.
Then suddenly I get this court summons again a few months later. I have checked and every month apart from the June issue mentioned before, I have paid by the end of the month.
I called up the council and they have told me that payment was due on the 10th of every month (Something that doesn't seem to be stated on anything I have seen and goes against what I had agreed) and that is what triggered the reminders.
And on the 28th of October I was sent a letter saying my right to instalments had been withdrawn and I needed to pay in full. I have not received such a letter. I explained had i received this I would have paid in full without question.
I also questioned the date they said they sent this letter out, as I had paid them on that exact day at 9:44am that months instalment.
But she insisted that I had no option but to pay the court summons. As I do not want to be someone not paying what is due and to avoid this dragging on I paid in full over the phone and the court summon fee, but I am really miffed.
I don't feel like I have done anything wrong as if you look at my payment history I have paid the amount I was asked to pay every single month and I have not received any letter telling me that my right to instalments was withdrawn, had I done, even though that would still seem slightly unfair I would have done so.
Should I argue this further? And if so how? Or is this just tough luck?
Today I received a court summons for paying council tax requesting that I pay the outstanding balance for the year + a court fee of 85 pounds. I was a bit confused by this as I wasn't aware I was not in line with my agreed payment schedule.
Awhile ago I spoke to the council because they kept sending the bill in my landlords name, I got the name changed on the bill and I usually pay online by debit card, I was told that I could continue paying this way as long as it was by the end of the month.
I have been doing this. I was away in June and I didn't pay that months payment until 1st July. I received a reminder letter. Saying that if i missed three payments I would be required to pay in full. A few months later I received another reminder letter stating the same thing. I checked, and all my payments where up to date so didn't seem to be a problem.
Plus if the council wanted me to pay in full for the year rather than by instalments, I was happy to do so. So s the letter said, my right to pay by instalments was withdrawn for whatever reason, then no problem I would just pay in full.
Then suddenly I get this court summons again a few months later. I have checked and every month apart from the June issue mentioned before, I have paid by the end of the month.
I called up the council and they have told me that payment was due on the 10th of every month (Something that doesn't seem to be stated on anything I have seen and goes against what I had agreed) and that is what triggered the reminders.
And on the 28th of October I was sent a letter saying my right to instalments had been withdrawn and I needed to pay in full. I have not received such a letter. I explained had i received this I would have paid in full without question.
I also questioned the date they said they sent this letter out, as I had paid them on that exact day at 9:44am that months instalment.
But she insisted that I had no option but to pay the court summons. As I do not want to be someone not paying what is due and to avoid this dragging on I paid in full over the phone and the court summon fee, but I am really miffed.
I don't feel like I have done anything wrong as if you look at my payment history I have paid the amount I was asked to pay every single month and I have not received any letter telling me that my right to instalments was withdrawn, had I done, even though that would still seem slightly unfair I would have done so.
Should I argue this further? And if so how? Or is this just tough luck?
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When will I start paying tax?
I started a job in September after being self employed from the start of the tax year. Low earnings meant I didn't have to pay tax.
Now on £15,000 I've been surprised I haven't had any tax taken from my monthly wage as yet. End of November will be my third pay slip. I know 10,000 is the personal allowance but I presumed I would have little bits taken out each month before going over the 10k? I've paid N.I. though.
I am only on a temporary contract atm, although next month that will change if that makes a difference?
Should I be paying tax? How does it work exactly.
Now on £15,000 I've been surprised I haven't had any tax taken from my monthly wage as yet. End of November will be my third pay slip. I know 10,000 is the personal allowance but I presumed I would have little bits taken out each month before going over the 10k? I've paid N.I. though.
I am only on a temporary contract atm, although next month that will change if that makes a difference?
Should I be paying tax? How does it work exactly.
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Jual Kitchen Set Bekas
Jual Kitchen Set Bekas. Untuk pilihan kitchen set murah klik www jualkitchenset co id
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Couples, Capital Gains & their indiv. Tax Returns
Hi
I don't know what it is about the filling in of Self assessment forms but I lose all common sense & become a blubbering fool. I hope someone out there can advise - we brought & sold a house in Tax year 2013/14. A 50:50 ownership. Now we're filling in our Tax Returns & I'm not sure what we should each put in. For example: We brought the house for £74k, spent £10k doing it up, and sold it for £110k. How do we put this in the Tax Return? Husband says we just put down our own percentages ie: Bought for £37k, Renovations: £5k and Sold for £55k - is that the right thing to do? Profit: £18k (or £13k minus the costs), CG allowance is £10.9k so we'll each pay tax on £2.1k at 18%; Is it that simple?
I don't know what it is about the filling in of Self assessment forms but I lose all common sense & become a blubbering fool. I hope someone out there can advise - we brought & sold a house in Tax year 2013/14. A 50:50 ownership. Now we're filling in our Tax Returns & I'm not sure what we should each put in. For example: We brought the house for £74k, spent £10k doing it up, and sold it for £110k. How do we put this in the Tax Return? Husband says we just put down our own percentages ie: Bought for £37k, Renovations: £5k and Sold for £55k - is that the right thing to do? Profit: £18k (or £13k minus the costs), CG allowance is £10.9k so we'll each pay tax on £2.1k at 18%; Is it that simple?
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