Pension Tax Relief
I have a full time job and I pay tax via PAYE. I have also recently taken on a consultancy second job earning about 20k pa. I'll do a self assessment to pay tax on the second job and it will all be...
View ArticleExtra payment taxed at higher rate - taxman says NO!
Hi all, I recently received a taxable (and I believe non-pensionable) fuel allowance lump sum from my employer for £5000 but my pay for that month showed £3000 extra rather than £4000 as I was...
View ArticleGifting BTL property between husband & wife pre divorce
Good afternoon all, I'm just a little stuck & I wonder if someone could guide me here on capital gains tax liability - My husband and I own 3 properties, one family home and 2 BTL. All mortgaged...
View ArticleCan someone explain Annual Investment Allowance?
Hi All, Can someone help me on the following please. I am a new business, self employed, only going for 6 months and I've been told recently about Annual Investment Allowance. I've been told that I can...
View ArticleMuch confusion re changes to HMRC renewals
Hi I posted a thread yesterday which was mainy in connection with the new HMRC rules regarding abolition of the renewals basis for people who are letting out residential properties. I seem to...
View ArticleSelf employed Freelance Tax Return Advice, Earning less than previous year
Hello! This is my first time posting in the MSE forum, be gentle! I am seeking some advice on my tax return and hope you can share your wonderful wisdom with my clueless self. I work freelance in the...
View ArticleCapital Gains Tax - Help! - afterwards advice needed (lack of 'planning'...)
It looks like I've stubbed my toe tragically on capital gains tax after a family house sale. I could post on that, as a warning to others but I'll put it in another thread. What I want to ask about...
View ArticleHigher rate tax threshold if personal allowance reduced?
Good evening. I have a quick question regarding tax thresholds. As I understand it, the personal tax allowance is going up to £10000 from April and basic rate tax is then paid on the next£31,885. So,...
View ArticlePaper share cert to nominee account=CGT?
Hi.. apologies im sure this has been asked before. If i transfer paper shares to a nominee account, does this count as a disposal for CGT purposes? tnx
View ArticleCGT on transfer of house to family member?
Hello, Im hoping that someone out there could point me in the right direction and/or give me advice on the following situation. My husband and i live in a house that is owned by my stepfather in law....
View ArticleInland Revenue Chasing Me. Need Help!
Hi there folks. In January 2013 I received a tax refund from my former employer for the amount of £1191.40. Just over a year ago. Last week I received a letter from HMRC stating that I've underpaid by...
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Budget 2014: Self-employed national insurance payments to be simplified
"National insurance is to be simplified for people who are self-employed" Read the full story: Budget 2014: Self-employed national insurance payments to be simplified Click reply below to discuss. If...
View Article2013-2014 self assessment
Evening, Now this may seem like a silly question but last year I done my self assessment and received a tax refund. I worked from June to the end of the tax year. From 2013-14, I worked from the start...
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Budget 2014: 'Almost everyone' to pay less tax
"Almost everybody will pay less income tax, Chancellor George Osborne announced in the Budget today" Read the full story: Budget 2014: 'Almost everyone' to pay less tax Click reply below to discuss. If...
View ArticleSelf Employed Expenses.
Hi All, I am soon to be a Self Employed on the 22nd April, which I am going to need a laptop solely for business use. I understand I can gain some tax relief on what I spend on the laptop when I do my...
View ArticleHMRC can now take money from your bank account without your permission-Budget...
Buried deep in the Budget document, there's a pretty significant HMRC power grab. If officials decide you owe them money, they now have the ability to take it directly out your bank account. No...
View ArticleSelf Assessment Advice
Hi, After today's announcements in the budget I was telling my grandmother about the changes to savings before heading off for my night shift. She said something that has got me worried for her though,...
View ArticleBudget - transferable personal tax allowance proposals.
A little more flesh on the bones: https://www.gov.uk/government/upload...l_partners.pdf
View ArticleMileage for voluntary work
Are there any tax implications in claiming expenses for volunteering work while on JSA? I am going to start as a volunteer driver for charity hospital to home and social visits and the mileage...
View ArticleTax exempt gifts - advice needed
My brother died recently and I was the named beneficiary of his in service death grant. I want to give half of this to my other brother. I understand that I can give him £6000 this year (using last...
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