Amateur band and taxes
Hi Would be grateful for your opinion on the tax situation please. A group of friends got together last year and started to play as a small band for their own entertainment. They were asked to play at...
View ArticleSelling our old home - CGT
Hi All, I would just like to double check my maths on potential CGT. We bought and lived in our house for 102 months. Then we moved out to a new house and rented the old one for 37 months. (assuming we...
View ArticleCouncil tax help
I am so sorry if this is in the wrong place of has been covered elsewhere I'm just so scared right now. This morning I recieved a letter from the council saying I need to pay for 2 months council tax...
View ArticleTax
Someone I know earned £45.600 gross salary before deductions,he says he did not have to pay tax at the higher limit.Is this correct,he does not have a pension.I thought he would have hit the higher...
View ArticlePrivate Residence Relief & CGT
Can anyone please help me work out if I have any capital gains tax to pay on the sale of a property? The more I read on the HMRC site, the more confused I'm getting! On 1st November 2004 I inherited a...
View ArticleTax Rebate for Expat
Hi, I moved out of the UK in October 2013 and sent HMRC a P85 form to say i was no longer living in the UK. HMRC told me that I may be elidgable for a tax rebate for the tax year 2013/2014 since I left...
View ArticleTax return. Is this right?
Hi Guys, im a bit stumbled here. Not 100% sure how it all works but this last year I have been self employed. I used a company in London to do my tax return for me so all i need to do is fill out a...
View ArticleTax Code D0 - Advice Needed
Hi Forum, I need some advice i got a letter from HMRC stating from april 2014 to 2014 I will be on Tax code D0 and paying 40% tax which I am no best please about. After doing some research I see this...
View ArticleTax on critical illness payout?
Due to very bad health I've just been told that I qualify for a payout from critical illness cover that I took out with my mortgage several years ago, and have been paying into ever since. My remaining...
View ArticleHigh income tax
Having moved on from 32 years service in the Royal Navy I have the benefit of a pension. This combined with the full time job I have seems to allow HMRC to sting me for huge amounts of tax. After...
View ArticleTax Refund Company
Hi everyone :) I was wondering if anyone had any advice about the following: I came across a note from the Tax Refund Company in my local authority payslip about employees being able to claim tax...
View ArticleGifting to adult children
I'd like to sell my £450,000 house and give each of my three adult children £50,000 and then buy myself another house for £300,000. Provided that I live for another 7 years (I am 55 and in receipt of a...
View ArticleDaughter on tax code BR?
My daughter graduated university in June, she couldn't find work straight away and so signed on until December when she signed off as had 4 weeks work over Christmas. She started full time work in...
View ArticleBack tax reviews on PAYE 4 years not 6.
Heads up for others a bit late but somehow I missed that the you can no longer go back 6 years for reviews it is now only 4. Probably saw it but did not register in the brain. For various reason I am...
View Articleloss of personal allowance above £100k
if my taxable pay for 2013-14 was £109440 and personal allowance of £9440 reduced this to £100k would i still have full personal allowance or would i lose £4770 of it for being £9440 over threshold...
View ArticleSterling Umbrella
Hi all, hubby has been being paid for work through Sterling CIS, and has received a letter saying that he (and his workmates) are to be paid by Sterling Umbrella from now on. The letter stated that he...
View ArticleCapital Gains Tax in negative equity?
I so hope someone can help me out and stop me running around in circles! Hubby and I bought our home in 2001 for £80k. We lived in this house while building our new bungalow and currently have a...
View ArticleGiving Stuff to Charity Shops
Can someone confirm if I'm correct on this, or correct me if I'm wrong please... 1) Giving, say, £50 to charity, and giftaiding it, can be written off against tax on a tax return. 2) Some charity shops...
View Article10% Tax Rate on Savings Income
Here is an extract from one of the budget commentaries to give context to my question: Quote: The savings rate of tax, which has previously stood at 10% for income of up to £2,790 has been replaced...
View ArticleHow to work out exact budget on car allowance
Going onto car allowance shortly, and have been doing some sums etc and not sure if this is the best way to work out my exact month allowance that I will actually take home. (I have used general sites...
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