Landlords & Council Tax
My husband has a house which he is hoping to rent out once it is re decorated and prepared for rental. Presently he is enjoying a 6 month break from council tax as the home is vacant. If he does not...
View ArticleHMRC Nightmare
Advice Please. I have just received a notice of underpayment for nearly £1,000 from the HMRC relating to the tax year 2008-09. This was a cheque they sent me in October 2008 but are now saying this was...
View ArticleWhat does a 75% tax rate look like?
The media (BBC included) are making it seem like French people making over something like €1 million (I forget the exact number) will be "taxed at 75%". In other words, making it look like they'd be...
View ArticleCouncil tax payment method
I've recent moved into my first rental property since coming out of university and I was wondering whether you have to set up a direct debit to pay the Council Tax in monthly installments rather than 2...
View ArticleInheritance Tax Rates...
Hi all, just a quick one. Is there a different banding for inheritance tax? My Partner inherited £***k recently as did her brother and her sister. She has received a tax bill for exactly the same...
View ArticleUnemployed and received a Self Assessment payment reminder!
My son is unemployed and has received a Tax return and payment reminder, but we don't know why. He has been on ESA for over a year and this is making him ill with worry, as they are threatening him...
View ArticleSelf Assessment, PAYE and Child Benefit
All, Hi Right I have been caught up in the Child Benefit change.. Fair Cop Guv. But I am somewhere in the middle of the range and a PAYE taxpayer. So I am going to register for SA. But several question...
View ArticleEstimating savings income for HMRC form P161
I have to fill in a P161 Age-related Personal Allowance form for HMRC as I will be 65 soon, and as usual I seem to need someone to tell me I've interpreted it correctly, or not, and a little help. How...
View ArticlePartnership penalties
I completed the tax returns for my partner and myself online last year in January using tax software recommended by HMRC, a while later I was notified that the partnership return hadn't been received...
View ArticleOff-setting share losses against capital gains tax
Hi all, I searching the MSE site and also the HMRC site but I thought i'd ask in case anyone had any direct advice. This financial year I made money above the capital gains tax limit. This was on...
View ArticleSelf Assessment - Fitness Industry Expenses!
Hi, I'm currently filling out my first tax return - I am a self employed personal trainer and nutritionist and have two main queries; 1) I recently completed a Post Graduate degree (MSc) in Human...
View ArticleHow to get a new self assessment form
This may be a silly question, but here goes, when a person has almost completed self assessment form and wants to start again from scratch again. Can the form that is almost completed be deleted and a...
View ArticleRental Income and a Family Loan
My wife's folks want to buy our house, but not move in for a few years until they are fully retired. So they would rent it out in the meantime. We would then move and buy another place. Our folks don't...
View ArticleRental Income
My wife and I bought a flat together. As we had a child two years ago we moved as the flat only had 1 bedroom. We are renting the flat out to my wife's brother. Our mortgage payment is £540 a month....
View ArticleCan I combine the Personal Income tax free allowance and Capital Gains Tax?
Hi, I have a question, hope someone might be able to help... I am out of work but not drawing a pension so I have no income (apart from small interest/dividend income from savings/investments). But, I...
View ArticleSelf Assessment - Reed wrong tax code!
I'm completing a self assessment form for £90 earnings alongside my other PAYE work but am being told I could owe £1k in tax by being on the wrong tax code 804L. I can't seem to find anyone who can...
View ArticleReduce capital gains?
Hi, are there any further ways of reducing capital gains on the build and sale of a property? I'm simply planning on using the full build costs plus the allowance of two people but I wondered if there...
View Article100K threshold question.
Hi there, sorry if this has been asked already, but I scrolled through 10 pages of this forum looking for something similar and couldn't find! I'm fortunate enough to be a position where this year it...
View ArticleSelf Assesment advice
Hi, I have a small online business and this time last year I had an accountants do my self assesment so have never done it before. My earnings were tiny for the year I need to do the tax return for...
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