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Renting a flat closer to work
I have been offered a job down south and intend to find a room local to it, to stay in during the week and some weekends. However it is my intent to return to my northern town, where I currently pay CT. This is because my girlfriend resides up here. It would appear that if I want to return home nearly every weekend I will…
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Ebay and tax
At what point do your earnings on ebay have to be declared so that you pay tax on them? For example if you are selling off a few bits round your house I assume that wouldn't be taxed, but what if you are selling a few ebooks each week, should I pay tax on it? Does anyone else pay tax on ebay sales and how much do you think…
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Any It Contractors In Here??
Hi Folks Just wanted to know if there are any contractors who use a umberella company? Wasnt too sure on what to claim as expenses was told by someone i can claim 40p per mile as expenses only for my mileage .. this i wont get back just to pay less tax on my wage.. as im getting 20p a mile through my work .. Anyhelp /…
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Cutting tax on savings
Not entirely sure if this should be on this board or the savings board, but here goes. I'm taking a couple of years off work to do some things that I've always wanted to. During this period I intend to live off the interest of my savings. Presently I seek out the best interest account I can and open an account for my wife…
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Cutting CGT via transfers to spouse
Not sure if this is best addressed to this board, or the "savings & investments" one. I've got a SAYE that's due to mature in the spring. The share price has done pretty well, and I'm sitting on an approx £14k gain. However, I've been stung via share prices crashing after the dot com bubble, so want to sell the shares as…
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Not sure what I am asking!
I live with my partner, not married. Oh, and no children. I am self employed and he works for a pittance. He spends a massive amount (in comparison to wages) to get to work so is bringing home very little once the tax man sticks his fingers in. My work is great when going well but as with self employment goes through peaks…
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Arctic Systems
They've Won on Appeal http://www.accountingweb.co.uk/cgi-bin/item.cgi?id=148910&d=448 (anyone else following this?)
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underpaid tax
I recently got a letter from the IR telling me that i was on the wrong tax code in 2003/2004.and was given CTC when it had stopped being allowed agaist wages.I was unaware that my boss had me on the wrong code!!!Now they want £282 and are taking it this year.I have only just gone back to work and only 30 hrs a week.This…
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Car Allowance - WHAT TO DO??
Guys, Couple of questions ive got on my mind. Company have asked if i would like a company car, for one reason or another i am not allowed to have one as i work for a dept which shouldnt have this as a perk. Instead of this, my boss has asked if i would accept £300 pm car allowance. I will not be doing alot of business…
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Caclulating NIC
solved :All the calcs return a figure of £3,738.32 which I cannot reach, any hints?
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Council Tax and Working Abroad
Hello, I work away from home abroad permanently (in the Middle East). I am non resident for UK income tax purposes. My wife lives in the UK permanently. I tried to claim a 25% single occupancy discount but my local council refused this saying that for their purposes this was my main residence. From my reading of the rules…
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Desperate to save on tax
My partner is self-employed in the higher tax bracket (40%). I work freelance for a pittance. We are presently in great financial difficulty, and am trying desperately to find ways to chop, change, save to reduce debt. If I were to be employed by him on the lower tax bracket on a salary basis, what would the tax…
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How long before the tax man visits?
After submitting a self-assessment tax form, how long after can the tax man choose to visit you (if they are intending to do so)? :rolleyes: I submitted my 2004/2005 form a few weeks ago and just wondered!
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What expenses can I claim on Tax return?
I am a South African who came to the UK last year, I had to do a conversion course to be able to work in the UK as a professional.The cost of the course was about £5000 (lecture fees +exams).After I passed I started working on a self employed basis.What can I claim for the course regarding accommodation,travel etc? Thank…
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using car for work
If I use my car to travel to & from work would I be entitled to claim back or have a code put on my tax code. The car is not a company car and I only travel about 7 mile round trip. The reason I ask this is that I heard an advert about if you use your car for work,we could claim some of the money back. I cant remember the…
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Tax Books and accounting software
Hello, My wife is just about to set up a small business and I have offered to do her accounts and sort out her tax etc. I am a part qualified management accountant so tax is not an area that i'm too familiar with as it's not covered in detail in my studies. Can anyone advise me on a good tax book? And secondly has anyone…
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Inheritance Tax
Anyone know the level it is set at?
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Income Tax on land rent?
Sorry for the weird title, and apologies if this is not the correct place! My husband and his brother were given a plot of land (5 acre wood and 11 acre meadow) by their father a few months ago. The meadow is currently rented by their cousin, for his sheep, and he pays around £600 a year. He does this via cheque on a very…
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capital gains question
I have a property that i have rented out for 6 years i am considering moving back into this property as its empty at the moment,would i still be liable for capital gains on this property if i sold it at a later date
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tax on investment in a company
if you have company A with a pre tax profit of £200k and you want to either start a new company or buy an existing company for say £100k; does the company get any tax breaks? just been readin around IR site, but still confused. thanks