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Any Wills/finance experts out there?
There's a lady called Desperate Annie over on the Debt Free Wannabe board who needs some help - recently bereaved and discovered late husbands debt. Thanks x
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VAT Dilemma
I have recently started my own small business, and the majority of my earning’s are from labour only, however I do, on some occasions, need to buy parts for my customers, and although I can obtain some items a discounted price, I find that by the time I add a small profit And I mean just a few pounds, Carriage and then VAT…
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How to treat a van purchase?
Originally posted in Taxing Times/MSE Discussion thread Hi I became s/e on 14/1/05 and am in the process of completing my self assessment form. I am a bit unsure about how to treat the purchase of a van. My turnover (amount invoiced out) is £3300 for the 2.5 months. My expenses are £2900. I then have the purchase of the…
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Company Car or buy my own?
Hello All, I wasn't sure where to post this, but it's semi-tax related, so here goes :rolleyes: I've recently started in a new role which has the option of either a company car or a cash alternative. At the present, I'm taking the money and using my own motor, which is more than satisfactory. However, a new policy is being…
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Tax Refund due to maternity leave?
Hi there, I have taken additional unpaid leave on top of my 26weeks. If I have overpaid any tax, will it be refunded automatically in April? Is SMP tax deductable? Thanks for your help
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Which forms do I need and how far back can I claim
My husband and I both want to claim back overpaid taxes going back as far as possible i am just starting to do my self assessment now, i worked from may-nov 2004 at a PAYE company then self employed from Nov 2004-April 2005 for mostly contract work though about £300 was earned in total from two PAYE companies during that…
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Claim professional exams fees??
I wonder whether it is possible to claim back professional exam fees apart from subscriptions paid every year. Also can I claim for money I paid after tax to charity? I paid in cash and cheque. Thanks.
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Tax / banking query
A colleague and I are very happy at our current workplace, but have been approached by various smaller companies to do bits of private work. This does not pose a problem to our employer, as we are not forming a ltd company etc.. and we are just doing a bit extra in our own time. The problem we have is tax, and banking.…
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Help required working out retrospectively
Hi There folks. I recently undertook some work for my employer as outside contracted work. I was asked to provide a cost for the work to be carried out which would be paid at the end of the project. I quoted based upon the size of the project a costing of £2000. Once the work had been completed and the project had gone…
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Best way to buy house off father
This is abit complicated so bear with me In 1998 my grandfather died and left my father his house. At the time we were paying alot of rent and were in terrible financial trouble. My father let me and my then boyfriend, now husband move in rent free. We have been living there ever since paying no rent but keeping up the…
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Is what I want to do legal??
I am self-employed, working from home as a freelancer for the publishing industry. I pay standard-rate tax. My husband is employed, and is a higher-rate taxpayer. He intends to do some freelance part-time work (maintenance) for a company a few days a month. However, if he invoices them he will end up paying 40% tax on…
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please may i have advice - new
I am under a bit of pressure to sort this tax return out before the end of the month, but as I have a few other incomes from rent, but don’t want to show everything or I want to show as much expenditure as possible so I don’t get smacked with a big tax bill. what should i do
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Do I need to do a tax return?
I started working as a contractor in September 2005 through an umbrella company and am in the process of changing umbrella companies as the last lot are worse than useless! The old company did my tax return for me as part of their service but the new company I'll be using don;t do this. Do I actually have to do one for…
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Working from Home
I'm currently on PAYE - just for your info. I work at home 1 day a week and have a seperate area in my house where I work from, would I be able to claim ak any tax as a resut of this? Just checking - it'd be better in my pocket than the governments!!
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legal costs can i claim back - self assessment
I am filling in my self assessment tax form at the moment for a rental property. I had to go to court to evict the tennant for non payment of rent. The costs were about £600. Is this something i can claim back against the rental income on my tax form If so where does it need to be outlined. Thank you
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Is rent I pay an allowable expense against rental income?
I own only 1 property that I currently let out. But I also live in rented accommodation myself. So my question is - can I offset the rent I pay as an expense against my rental income from my flat? Thanks in advance for your help.
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Business Premises & Home
Hi, I hope someone can help us here as we are pretty confused! My partner and I purchased a building which we wanted to convert the top to a flat (which we did) to live in and and use the bottom as business premises. The building cost us £100k We converted the flat and separated it from business to residential and sold the…
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Income from Property
Some of you will have seen me raise issues about this in other threads, but there was an article in yesterday's issue of "The Scotsman" that puzzles me. That paper is usually a very good source of financial advice, but I wonder if there is a risk that readers might be misled. When I inherited a half share in a very small…
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Tax back on petrol?
I'm a teacher who has recently started a new job and has a one hour to (and from!) work every day. Can I claim tax back on the perol I'm using?
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Tax back on petrol?
I'm a teacher who has just started a new job and has 1 hour to travel to get to work every day. (And back of course!). Can I claim tax back on my petrol?[/SIZE]
