Self assessment for overseas rental income?
Hello, I am an EU national permanently living and working in the UK for the last 4 years. Back in my home country, I own a studio flat which I am renting out for around 100 pounds per month, though...
View ArticleTax related quandry...
Hello, :j I was hoping someone could give me some advice/steer me in the right direction... I was working PT at a school as a teacher, and PT at a supply agency. I was lucky enough to be offered a full...
View ArticleP85 questions ... I am leaving the UK.
As the title quite rightly says I am leaving work on the 12th September but leaving the country on the 4th November. My last payslip is going to be at the end of October. I wish to claim back tax as...
View ArticlePotential naive tax question
Hi everyone I have a BTL mortgage in my name and declare my rental income for tax purposes. As I'm married does the IR automatically see the property as jointly owned and therefore I should have...
View ArticleCapitol Gains On New Build
In 2011 I owned a plot of land. I had an interest only mortgage on the plot in my name only. I could not afford to pay for the built so 2 friends built and sold the house for an agreed return. When...
View ArticleCapital Gains Tax
We have just sold my late parents' home for £295,000 a year after my mother's death. The probate valuation was £250-270,000 a year ago. We've been told we have to pay capital gains tax, but surely the...
View ArticleCouncil Tax - Single Person's Discount
We should be very grateful for advice for all you knowledgeable people out there! Situation is that we are shortly going to move from one house to another hundreds of miles away, however Mr MO2 will...
View ArticleHow can I tell if I'm on an emergency tax code?
Having just changed roles, I've had a new tax code sent through from HMRC to reflect my new income. I'm slightly concerned that I've been put in an emergency tax bracket. Can someone point me in the...
View ArticleTax return including maternity pay?
Last year i received maternity pay for 9 months, with just few bits of work dotted before and after maternity leave finished. Do i include maternity pay into my tax return? If so, is there anything...
View ArticleSelf employed short term, registering.
Hi Im looking for help regarding registering for self employment, my husband has a full time job, but as of this summer, he will be working away for 6-8 weeks a year during the summer. He will be paid...
View ArticleSetting off losses against PAYE
At present I am employed and pay tax via PAYE. Ive recently purchased some land that qualifies for Single Farm Payment The money the land will generate via the Single Farm Payment, Grassing rights etc...
View Articleextra death tax proposed
For those who enjoy a nice fret. http://www.dailymail.co.uk/news/arti...ve-better.html Will Labour take the view that it's unfair that the non-rich avoid death taxes, so here's a new one that will hit...
View ArticlePlease help - VAT on insulation for Ground Source Heat Pump
I've searched the forum and can't find anything to answer the following question. I have read HMRCs VAT notices on reduced VAT for Insulation and for installing a Ground Source Heat Pump. The Ground...
View ArticleEmployee mortgage offset against savings
I can get an employee offset mortgage at a rate of 2.25% - as this is less than HMRC's employee benefit rate of 3.25% I realise I will have to pay tax on the difference. So if the difference means I...
View Article21.5% company car tax
A possible company car will be taxed at 21.5% so obviously I will be paying slightly more for this car. What if any are the other tax implications of having this car?
View ArticleHolding shares in US stock broker account
HI All, I live and work in the UK. I have an account with an online US stock broker. If I sell some stocks to a profit, and then buy more stocks with that money, without transferring to my bank account...
View ArticleCapital gain tax because of lodgers?
I'm worried I may have to pay capital gains tax - can someone please help with the calculation... I think I vaguely understand the capital gains calculation - but I don't understand the impact that...
View ArticleSubmitted online SA in May - what next?
Hello, I did my SA online in May and it appears even through I am PAYE, I owe £6,000 generally down to the fact that HMRC gave me a 16k personal allowance which I lost through earnings. Although I am...
View ArticleHouse gifting for IHT. Utility bills question.
My parents want to gift their house they live in to one of their kids called Dave. The reason is for IHT purposes. They are fine to pay a market rent to Dave avoid the "gifts with reservation" rule....
View ArticleTax back ?
I have recently changed my job within my company and have gone from 35K with company car and a tax code of 239T to a job paying 25K with no company car and normal tax code. my question is am I eligible...
View Article