Capital Gains Tax and PPR help.
Can anyone give me abit of advice on this? I currently own 2 properties. Property A: No mortgage and purchase of relative very only 5K (Way below market value) Purchased on 2006 lived in until March...
View ArticleOccasional trader PAYE implications
Howdy folks, just a quick one... I've recently acquired a business that sells fast food at music festivals (I am the 100% shareholder and sole director), and I am hoping to find a way of not having to...
View ArticleTax Rebate
Hello Just recieved my last payslip from work before the new tax year starts and I was hoping my tax rebate would have been included in it? I went on maternity leave half way through April 2014 and I...
View ArticleTax Code?
Hi, Not sure if this is the right place to put this, so sorry if it isn't. I was just wondering when should I get my new tax code by? Obviously the new tax year starts on the 1st of April and I haven't...
View ArticleIncorrect tax code - who is to blame?
Hi I have had an issue with my PAYE this month due to the fact that I am on a Non-Cumulative tax code. In May 2014 I left my old job to start my new one. HMRC are saying that at that point they didn't...
View ArticleWhy am i paying Employers share of NI
Hi, wonder if anyone can help me here. I work in construction, and up till a few months ago, I was self employed , working through an agency, Having my tax stopped at 20% and doing my accounts at end...
View ArticleTax Rebate
Hi, wondering if someone can help me with this. I changed jobs in early Feb for less pay. Previous job was 35k new job is 30k. Would this entitle me to a tax rebate? PAYE 1000L Thanks
View ArticlePotential year-end planning re High Income Child Benefit Charge
This is a longer post than I intended, but please bear with me. Due to the way the Child Benefit Claw Back works there are potentially some small savings to be made at this time of year. Not huge...
View ArticleWhen do i pay Class 2 NI?
hello. I am recently S/E...hooray. I have setup an online self assessment account at the .gov site but I am really confused about NI. I know class 2 is £2.75pw and class 4 is dependant on profits but...
View ArticleInheritance Tax - How are houses valued?
How are houses valued for Inheritance Tax? My house is a bungalow with six acres of land in rural mid-Wales. The land is scrubby grassland, outside development limits. It is only suitable for family...
View ArticleDouble taxation agreement Germany
Does anyone have experience of living/working in Germany under the DTA? I was here for 183 days of their financial year Jan-Dec 2014 and will be so again for 183 days this year. I have earned under the...
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MSE News: 11 ways to beat new tax year changes: Act now and you can gain £1,000s
Massive changes are afoot both for the new tax year and many parts of the public sector change their prices then too... Read the full story: 11 ways to beat new tax year changes: Act now and you can...
View ArticlePaid tax. HMRC say I haven't.
Just a rant really: Am self assessment and paid my tax by credit card on 1st Feb. Letter came 2 weeks later saying I hadn't paid. Thought it was an admin thing, so ignored. 2 weeks later another letter...
View ArticleNI Upper Earnings limit - affect of pension & sal sacrifice
Hello all, I am aware the current NI UEL is 41865 per year. I was wondering if earnings are taken into account before or after pension conts? E.g. earn 42,800, but pay 9.3% pension conts direct from...
View ArticleStarted new job - got taxed double
Hi, I've got a problem here my tax code is "1000l n", I started a new job on 3rd 2015 and my first pay day is tomorrow, I checked my payslip from my previous employer and it's diffrent: New job tax...
View ArticleCGT on several years accumalation of shares
I need some guidance in the hope I can avoid the expense of a pro accountant... My dad started off with the free shares from Abbey National in 1989 + a few bought to total 1800 shares and since that...
View ArticleUK Tax changes on UK rental income
Hi I have read in one of the Expat Magazine that from 5th April 2015 my UK personal tax allowance can no longer be used against rental income from rental properties. I have done a search on the...
View ArticleConfused about self assessment tax returns
I've signed up to do self-assessment tax returns on the Government Gateway and I need some help, I can't figure out what I'm suppose to do! Here's my situation, I'm 25 and I have two sources of income-...
View ArticleRedundancy, tax reclaim and company car return
Hi anyone had any experience of the following? Made redundant end of November, returned company car on same date. My tax code at the start of financial year took the car into consideration. As I only...
View ArticleCapital Gains Tax on detached garden land
Hi. Appreciate if anyone can shed any light on this one. (It is a little complicated) I jointly own land with my wife - which is 3 separate adjoining garden plots which are separate from the house...
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