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is this true..?

Shinds
Shinds Posts: 449 Forumite
Part of the Furniture
in Employment, jobseeking & training
Hi all,

I have a friend and she's currently not working etc...

But she's just had a letter from the IR - Asking about her funds etc..? and what she's been living off?

Now, will she have to pay tax? Even though she's not working?

Comments

  • rushnowt
    rushnowt Posts: 24,749 Forumite
    Hiya, not a professional on this subject, but it may be that if she's not working and not claiming any benefits etc, they will be wondering what she's living off,
    Nobody can make you feel inferior, without your permission ;)

    Love doesn't make the world go round, it's what makes the ride worthwhile

    ya still freezing :p



  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    Hi all,

    I have a friend and she's currently not working etc...

    But she's just had a letter from the IR - Asking about her funds etc..? and what she's been living off?

    Now, will she have to pay tax? Even though she's not working?

    She will only have to pay tax if her earnings exceed her tax free allowance £4745.

    She needs to declare her total earnings to them no matter the source, unless they are tax free earnings such as interest on ISA's or child benefit.
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