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Did I pay too much NI?
After reading advice on this forum, I’ve just checked my P60 to make sure that I paid the right amount of tax last year. I earned £7657 and paid £323 so that looks spot on, however I paid £570.43 in National Insurance. Is that right? Also I did all this work whilst I was a full time student, but it wasn’t limited to term…
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Claiming tax back when going to Uni ?
My lads off to uni next week doing the third year of a three years course. He's been working for the last 18 months and since April this year has earned £5800 and has a tax code of 647L. He's been stopped just over £600 tax in this tax year. Now, I know you used to be able to get the tax back right away (as he won't be…
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Share Options
Hope somebody can help me with this one. My husand and I used to live in Bermuda and were non resident for tax purposes. Whilst my husband was there, he was given some share options in his company which vested in May 2008. He did not buy the shares immediately however and then we returned to the UK in August 2008, becoming…
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Some questions on Inheritance tax allowance
A couple of questions My father died in 1995 and left everything to my mother. I don't know if any legal paperwork had been done to formalise her becoming beneficiary of his half of the estate before or after his death, they had been married for 40. 1. Does the land registry assume automatically that these are now her…
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Income Tax
Hi there, Recently I reclaimed tax back for the last financial year. I just quit my job and won't be getting another job for at least a year and was wondering if I have to wait until the next financial year to claim the tax back that I have earned in this financial year?
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Sorting my tax out!
Hi, I'm looking for some help in sorting out my tax! I know I can claim for many things but do not know how to go about it. I'm currently working full time in the football industry and also do some part time work as a teacher and also referee football. I bought a house last year and rent a room to a mate (£240 a month,…
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Capital Gains Tax and property query
Dear All, I've looked on the HMRC website, but I'm still unsure what is required to comply with the CGT law in this case. I'm helping my elderly mother (divorced) sell her and my late father's house (they owned tenancy in common 50%). I'm the sole beneficiary and administrator of my late father's estate. I had assumed that…
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Tax relief for business mileage
Hi, hope someone can help. I posted a P87 form to the tax office in the middle of June with regards to claiming tax relief for business mileage april 08-april 09. The reason I posted it so late was I didnt even realise I could claim this until a colleague enlightened me. Any way, the reason im posting is to ask if anyone…
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Can you claim expenses with CGT?
Hi I'm new to this great forum and I've just started to make some money with some shares I bought a while ago. Now I understand I can keep some money in an ISA tax free but can I claim for any expenses like businesses can? ie internet connection, computers, software and any courses I go on as I need these when I buy shares…
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How much tax will I pay?
I don't know if this is the right place to post - I am just trying to work out how much more I will have to pay on debts next month. I am due a payrise at the end of the month and I will receive £2200 before tax etc. I currently receive £2004. I pay about £100 to pension and proportion to student loan. Any ideas how I'd…
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help with complex income tax query from incap benefit claimant please
This is a lengthy post and i apologise in advance for it, but I would dearly love some help with it please. The incpacity benefit queries in the post are resolved, but there is still some income tax confusion. This post ivolves incapacity benefit, and income tax, and I would be grateful for some advice and reassurance…
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Giving money to parents to buy a house!!
Need advice, My husband's parents have the opportuntiy to buy there home "from the council" at a discounted rate. Now to do so we are adding more money onto our mortgage and giving them our savings. This all comes to around £40,000. The house will be willed to us. Their fear is that because they are both pensioners…
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Cash Gift from Mother to Son
Hiya everyone, new to this so not sure how it all goes so will just post my question.. My mum wishes to give me a one time cash gift of £40,000, as i am getting married in January and then in a 3 years the plan is to move to America with my American Wife to be.. i am 29 years old and my mum is 62 years old and I was…
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Tax refund in wages.
I finished work in December and started back at Uni for 6 months. I finished for the summer and returned to my old work for 9 weeks of the summer holiday. Last months wage slip had the usual PAYE tax and NI deductions, however this month the PAYE tax from last months wages was refunded and no PAYE tax deducted. Is this…
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Dodgy P87 claim
Someone I work with recently submitted a false claim on a P87 form (at least I think it's false). I have submitted a couple of these claims in the past and I am aware that this form is used to claim back money for the business travel you make in your own vehicle. I know it's abit more complex than that but in my opinion…
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Tax help please
Hi Until yesterday I was working full time and earning £13000 a year with the standard single persons tax allowance. 6 weeks ago I was traced by a company and following the death of my estranged husband awarded a pension of £22000 a year plus back payments on this to last july. I was awarded a back payment of £18000 last…
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Do you pay tax on cash gifts?
Reading a reply on another thread it was suggested that you can give away as much money as you like and the recipient will not have to pay tax - there is no tax on gifts in the UK. Is this correct? I have been trying to find out how much money you can receive as a gift without paying tax on it. If my father decided to give…
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Part time job- Tax implications
Help required! Having reached my 65 tax year my allowances have gone up as I am under the £22,900 limited allowed. As things are at the moment I am coming up each month with a shortfall, not by much, but over the year it is making a dent in my savings. To rectify this I thought I would get a partime job, on the face of it…
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VAT back?
I am converting a house i own into to two new houses, by dividing it into two and adding an extension. I dont intend to live in either house when they are finnished. ( it will cost about £65,000 to do on top of the price of the house ) Is there anyway i can claim the VAT back on this project. ie limited company or Vat back…
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CGT: Principle Residence Relief: Too late to benefit after sale?
My father has owned his first, de facto main, residence, P1, for nearly 50 years. In 1996 he acquired a second residence, P2, which he used regularly, but I do not believe he ever made a S222(5) CGT Act 1992 election to choose his Principle Private Residence. He is now selling P2 and I would like to obtain relief for the…