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Cutting tax

Archives for December 2004

Completed tax form online, what now?
I completed my tax return online. The software calculated that I owe money to the Inland Revenue. However, I selected the option to have that taken through my tax code. Does that mean that they will collect through my employer, or should I send payment to them myself?
Paye & Tax for a Bonus
ive received my anual bonus from my company but , i feel i was taxed to death on it am i suppose to pay a NI% for a bonus i though you only pay a % of your sallary for PAYE not NI can someone shed some lights please Thnx X
gifts/capital gains
Hi folks Need some advice regarding my family home. My father gave the house to myself and my two brothers about nine years ago. He has remained in the house rent free during this time. In the future if the house is sold, do we pay any capital gains. The value has increased from £60k-£110k. thanks
Company car tax
I have just been promised a promotion at work,which may include a company car. (First one for years.) How can I avoid paying tax on this? Ken.
Mimimising Tax on Rental Income
Dear All I have read with interest some of the posts on this subject and was hoping that I might be able to get some advice on my own situation. Due to my girlfriend changing jobs, we have to move out of my flat and rent somewhere that makes her journey to work easier. I am therefore renting my own flat out and wanted some…
Own business and tax and NI??
Hi, I'm not sure if this is in the right place or not. Also, sorry if this questions already been asked before! My partner works full time and earns about £13000. He's recently started doing web design, and he usually gets about £200 per job. He's going through all the procedures of giving invoices etc, but he's a bit…
Council Tax Question.
Hi, I am new on here, and not sure if I am on the right board, but here's my question. I have lived in my home for 6.5 years, we bought it new and have always paid council tax under band D. I have now found out that we should have been paying under band B, so for 6.5 years I have been paying too much council tax. I have…
No Tax Return
Tax man has just written to me - saying that they dont intend to ask me to do tax return in the future. Over the past few years I have moved a number of things around in order to simplify my tax life (savings in ISA's, consolidating savings and cheque account etc) but I'm a High rate tax payer and I get a number of…
Newbie Tax Questions
I have recently become self employed as a locum pharmacist. I just turn up to pharmacies do a days work and get paid cash. I have been putting money aside for my first tax return in January 2006 and am aware that I can offset some expenses against the total figure. When I use petrol to get to work, can I deduct the whole…
Discounted Gift Trusts and IHT
No longer wish to disclose personal information
Offsetting costs from a supplier who is a customer
I'm planning on producing a small magazine and have been getting quotes from printers. The printers are interested in advertising in my magazine. Am I OK to suggest they deduct the cost of their advert from their bill to me, or do they have to bill me for all their work and I have to bill them for their advert? There are…
Tax on Incapacity Benefit?
If someone's husband is employed(basic rate taxpayer), but his wife has been on IB for several years, does the personal income of £4745 apply to her? Her IB for the year (including Christmas bonus of £10) totals £4942.72. Also, they are about to put around £8000 into a savings account, so would it be beneficial to open an…
Main Residence? - CGT / Council Tax
Hi All, I have recently started a new job away from the house I own. I am looking to rent somewhere near my new job (to be shared with a friend who is also working in the new area.) this will be used to live in during the week, making travelling to work easier. I still go to my own house most weekends, but it is quite far…
Capital Gains Tax
??? ??? ???I am looking to buy a second property to do up and sell on. At the moment I am joint owner of our house with my wife. The house we are living in is worth around £320,000 and we owe nothing on it. The property we are looking to buy is around £70.000. I understand any profit we make on our second property is…
Cash Gift to Children
I have recently received some tax free cash as part of my pension on early retirement. I want to gift £3000 to each of my 4 children, ages 16,19.21 and 29 straight away and another £3000 each at the start of the next tax year. I understand that they will be putting this money into mini Isa's to receive tax free interest. I…
am I a taxpayer?
this might seem like a really stupid question... but.. I am a mature student, single parent and I work part time. I never earn enough to take me over the tax threshold. Does this mean I am a non taxpayer and can get the R85 form ? or not?
when did this years tax year start ????
when did this years tax year start ???? just putting the final touchs to my tax return did this years tax year start APRIL 6th ????? 2004 thanks matt
How much can I earn befor paying tax?
Sorry if this has been around before but I couldn't find it. I am shortly retiring and am changing my job from a reasonable salary to casual work. I am not sure how much I can earn before having to pay tax and hope that someone can fill me in. Thanks
IHT Advice please
Hello I wonder if you can help me I am probably like many people in the UK in respect of the position I find myself in. My parents are both retired and their main assest is their house which is worth in the region of £600,000. The other assests they have are minimal in relation to this, maybe a few thousand pounds worth.…

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Cutting tax

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