Is it worth the second job?
I currently work part time, roughly 5 - 12 hours on average earning around £5000. I have a tax code of 1000L, so well below my tax allowance. I've been offered a job doing supply work of £30 a day,...
View ArticleDividends Between Spouses
Hi, My spouse is thinking of transferring some shares to me which will receive a dividend of approx. 20k before the end of the tax year. I am a basic rate tax payer through PAYE but this would take me...
View Articlenotice of tax code for 2015/2016 not received yet
Sorry if this is the wrong place to post. Has anyone else not yet received their notice of tax code for the next tax year. we normally receive ours in mid Feb.
View ArticleQuery about how much tax I'll be paying
Hello all, Just a really quick query about how much tax I will be paying. I've been unemployed for ages (but haven't been on benefits or anything - don't ask!), and have now finally got a job. It is...
View ArticleMileage claim
I use my car for daily commute to my place of work - its a personal car and I have personal business insurance. Since february I am on a 3 month placement at a new work site. I will not be going to my...
View ArticleCapital gains tax Qs
I've heard that you can save on tax by selling around £11,000 worth of shares just before 6th April, and buying them up again at least a month later. Questions: 1: Do I need to transport the sold...
View ArticleProperty trust CGT allowance
Mum and Dad owned their house as tenants in common split 50% each. Mum died and left her half in trust (until Dad no longer needs it). The trust has 2 trustees and 4 eventual beneficiaries (2 of which...
View ArticleCIS Tax Deduction
Hi all, have had tax deduction rate of 20% since August 2014, registered as self employed, CIS, self assessment online etc... Been told that on April 6th 2015 I can file a self assessment form online...
View ArticleAdvice re PAYE coding notice
My OH received two PAYE coding notices mid Feb, one for 2014-2015 and one for 2015-2016. We knew what this was about as he changed a lease car for a company car in December and realised that he would...
View ArticleStocks trading and paying tax
I've very recently started dabbling in a bit of trading the markets, and I do mean 'a bit', hardly anything money wise. If I should be lucky and earn a bit from it do I need to pay any tax on it? Thanks,
View ArticleProperty Tax Relief? Please Clarify
Hi all I am currently re-mortgaging 3 of my properties and to achieve the best rates we have altered the amount owed on each property, to achieve a LTV of 70%. This has caused a problem because...
View ArticleOne or two self employment pages ?
I started self employed business as sole trader on 6th April 2014 and now starting to think about my tax return and accounts. I Undertake different activities all started on the same date, namely...
View ArticlePaying your own Class 1 NICS
Hi - any assistance would be gratefully received please I have just started to work for an American company with no entity here and so no Employer obligations re NI and Tax. They will pay me Gross. I...
View ArticleReclaiming tax from work iphone repair cost.
Hi I broke my works IPhone yesterday - dropped it on the hard kitchen floor. Unfortunately, my work won't pay for the repair and I have to do so myself. So I have now shelled out £199 for apple to...
View ArticlePay wife to assist with heavy workload?
Hi there, I have a particularly heavy workload in my job and generally could easily be working 12 hour days every day of the week. Often, my wife (who used to be a PA, but is no longer working) helps...
View ArticleISA Interest caused reduction in personal allowance?
Hello, Last year, 2013-14, I earned £X interest on a cash ISA - HMRC has sent me a latter saying my personal allowance has therefore been adjusted to be (10000-X) for 2013-14, so that I pay income tax...
View ArticleLeaving my job in August, how do I not overpay tax?
Hi, question about overpaying tax. I'm leaving my job in August. In fact, I'm also leaving the country so for 2015/2016, I will only earn from April to August. I took a look at last year's payslips and...
View ArticleSelf Assessment - haven't a clue!
Hi everyone! This is the first time I've posted on MSE so please forgive me if i haven't posted in the correct place. Okay so my partner earns just a tad over £50,000 (pre tax) a year and we claim...
View ArticleTax implications of selling a home to pay for care.
Hi, First time poster on here. We have the following situation: Mother (99 years) owns 2 houses, small adjacent terrace properties. Whole estate willed to 4 children. One child has first refusal to buy...
View Articlewithholding tax US- claiming back
hi there, hope someone can help me with a couple of things- i have cognitive impairment and I am unable to get my head round what i should do next. 1)I have had some shares with a US company for many...
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