Second home - Capital gains tax
We have a second home (well OH does) - which is son lives in. Part of our reasoning for not renting it out instead (he lives there with his g/f - quite obviously they show no signs of getting their own...
View ArticleCapital Gains Tax - Spouse to Spouse Transfer: is expmption good or bad?
Hi I read the inland revenue and other on-line information and it appears to me that whenever assets are sold or gifted between spouses: 1. It is deemed that transfer happened at the original cost to...
View ArticleSelf-employed - declaring income
Sorry, I pressed send before I'd edited the title. This is about income that needs to be declared on self-assessment. Does cashback count as income ? Apologies if this is in the wrong place
View ArticleSelf Assessment HMRC Repayments.
I have been waiting 17 days for a repayment from a self assessment return with HMRC for £602.47. It has changed to repayment pending now, 3 days ago. Should I contact HMRC to see how long it will be...
View ArticleHow does Car Allowance work?
Hi guys, I have an offer for a job which pays £7k in car allowance. How does the car allowance work? Will I get taxed on it? I am quite new to this so if anyone can help me understand it would be great...
View ArticleSelf Assessment Wrong?
Hi All, Mr & Mrs AO been on self-assessments for a bit, due to renting house out. Mr AO earning, paying 20% on income from house at end of self assessment. Mrs AO not earning, student/housewife no...
View ArticleSole Trader Help TAX Return PLease
Hi , can anyone please advise me , I started in February 2013 selling musical instruments online and privately as an Sole trader , business could be better but it is nice to be your own boss . The...
View Articlepaye tax, job change
Hi can anyone help? Dh worked til early December in job 1, earning 12,900. His new job at the end of January part time, on 148 a week. That's another 1632 before the end of the financial year. How much...
View ArticleClaiming tax back for offshore worker
Hi Does anybody know if you can claim tax back on travel, my husband is employed working offshore, his company pays travel allowance he is then taxed on this so is usually out of pocket! can he claim...
View ArticleTax query on buying new van for business
Hi, I've set up a limited company which is VAT registered. I'm looking at buying a new van for the business which will be around £12,000 +VAT. Can we claim 100% of the net cost under AIA and then also...
View ArticleOverpaid tax rebate
Hi all, just after some advice on my options here. I was given a tax rebate back in April last year of £4k. I didn't expect it to be this much but I had given my details over to HMRC to sort out the...
View ArticleFilling in my Self Assessment Tax form...
Hi. Not sure if this is in correct thread. I have filled in my tax return/self assessment online (for the first time) But prior to sending it to hmrc, I am bewildered at the final 'bill' it states I am...
View ArticleUS Shares & Taxation
I have shares through my US employer and currently pay 52% US tax when they vest, is there anyway of reducing this liability or claimimng back through my UK tax.
View ArticleHigher rate tax question
I have a question about higher rate tax and pension contributions that I hope someone can clarify: I pay higher rate tax and I have read that I can make pension contributions which would decrease my...
View ArticleVoluntary Work while Self-Employed (Networking)
I did some voluntary work a while a go. The work I was doing was what I do in my self-employment and I was giving up my time and using my expertise to help a project. I was using this project as a...
View ArticleFiling Tax Return in the UK compared to the USA
Ello Ello! My uncle (who moved from Boston in August) was questioning me about tax returns and how they differentiate from the UK- he's now a working UK citizen; he's now a self-employed carpenter here...
View ArticleNo longer receiving additional income - Do i fill SA??
I have previously declared income from property via SA but sold the property and on my last SA stated that I would not be receiving any additional income for the following year. Is this enough for IR...
View ArticleSelf Assessment 2012-2013
Hi, I need to complete a self assessment for the first time to claim fuel relief, which I have no problem with but just want to clear something first. On 16 September 2012 I received a Tax Calculation...
View ArticleIntroducing personal items into business
Hello, A query or 2. I am registered as a sole trader and have been for 6 years. This year a healthy profit means it is feasable to and I wish to put some equipment which I use for sole business use...
View ArticleTax & home office
I'm starting a job as a lecturer later this month and my normal working arrangements would include 1 day per work on which I can work from home. I have heard there may be some tax I could claim back?...
View Article