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Getting a Tax Rebate while on Jobseekers Allowance
Hi everyone, I hope someone can help me with my situation. I left a job in Jul 2004 to study (a private course at my own expense) and since May 2005 I have been on Jobseekers Allowance. I believe I am owed a tax rebate since I paid tax from April-Jul 04 and was out of work (but not claiming benefits) til the following…
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Please help: Tax Advice for Self-Starter
Hello everyone. I have just come back from two years staying with my family in Kent. I'm now in a position in which I want to start working for myself as an entertainer. I am a singer and will start to do paid gigs BUT I KNOW NOTHING ABOUT SELF ASSESSMENT and really need some help on how do I get started? So what is the…
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Inland Revenue
I wonder if someone can help. The Inland Revenue have advised me that my employer (previous) had put me on the wrong tax code, therefore not paying enough tax. They have told me that I have to pay £40 a month for a year to clear the underpayment. Do you know if they will reduce the payment over a longer period? £40 is a…
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Just gone Self Employed - Advice please
I left my normal (PAYE) job in Aug and started working as SE from Nov. Now I know I have to register SE within 3 months so i have till the end of this month. Question is, I paid £3500 for a course in Sept that if i didn't pass then I wouldn't be able to do the job I'm doing or be SE so can I do a "back claim" on that for…
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IHT Planning
Hi, could do with some advice and as a newbie, don't know if it has already been covered. My mum is looking at moving and buying a property that is large enough for her as well as myself and my husband. She doesnt know if it is better for it to be purchased in our name (with her money) or if we raise a mortgage on part of…
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BUY-TO-LET and the TAXMAN !!!
I am looking to jump inot the buy-to-let market (with say 4 small properties) with a view to sitting on them until they are worth a bit more and sell for profit. HOWEVER - I do not understand either the tax implications of this (i.e CGT / taper relief etc) that my wife and I could incur. I am a 40% tax payer.She is a 22%…
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10 Tax Tricks For 2006!
A nice article by Cliff D'Arcy. :beer: Link: http://www.fool.co.uk/news/foolseyeview/2006/fev060110c.htm?source=ioowftxt0010011
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husband and wife tax burdens and rental income
i kinda think i may know the answer to this but some of u are so knowledgable that u could have an answer my hub earns and gets a small pension and pays tax on both, i hardly pay any tax at all .. is there a way he can use the balance of my tax free amounts?? to further complicate it we are going to buy a property to let…
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No Self Assesment Required?
Could someone help me? I did not receive a self assesment form this time. I rang local tax office and they said that my tax affairs were simple (that's easy for them to say!!), so I did not need to fill in a form. I have been told by others that this is rubbish and I will be fined if I do not fill one in....has anyone got…
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Stakeholder pension 40% tax rebate.
Hello there, I am currently in a stakeholder pension plan where my company pays in 5% and I pay 5%. I understand the companies 5% tax is not my concern. I have had my tax code adjusted to suit but my calculations have discovered this is based on a 22% rebate. As a proportion of my income is taxed at 40% am I entitled to a…
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Self Assessment Novice
Hello I worked part time self employed last year as I was a part time student, and to continue employment my employer would only accept that. I was a student and I had no other income I paid PAYE before working as self employed and by my calculations owe no tax for the year. Is there any major thing I should be worried…
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Self Assessment Rental Query
Hi there, Could anyone please advise me as to whether I am allowed to claim the following expenses in relation to my rental income self assessment return. Mortgage consent to let fee Conversion fee from repayment mortgage to interest only mortgage. Cheers draker
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Inland Revenue Self Assessment Advice
Hi All, Hope someone can help or give a little advice. I'm currently ill after a serious road traffic accident back in May 2004. When i was well enough i got all my records together as there was two years to submit and i submitted one through the Inland Revenue website and the other i had to post to my local tax office. I…
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Been told you don't need to file a return? Then check your PAYE TAX Code!
If the tax man has told you that you need not fill in a tax return anymore then beware! Whereas it looks like good news at first, if your tax code is setup to collect unpaid tax from previous years then you could end up being owed money by the tax man and not know it. I only found out as I had some extra things to claim.…
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divorcing mum - is all maintenence taxable?
Sorry to say I'm in final stages of divorce. My income from self employment is very low (£3K p.a.) and I am receiving Working Tax Credit and Child Tax Credit (4K p.a.) My husband has now agreed maintenence for the next 8 years until my 60th birthday at £11K p.a. which will be partly child support and partly spousal…
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Underpaid NI Contributions
To pay or not to pay that is the question?? I'm 23 and have been sent letters in the past about underpayments of NI contributions, one year it was near £100 and the next about £40. Is it worth my while paying these in the long term? Thanks
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Capital Gains Tax and Property renovating
Any accountants out there? Am property renovating and want to avoid as much tax as possible. Can anyone recommend a good (easy to read!) book so I can find out what's deductable and what's not? Many thanks Mental Mentor
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Claiming back tax - Which TAX Office?
Hello, Due to a massive palava with my P45 and ex employer I am oweed about £240 in back tax from when I was on emergency Tax. The problem is that I am having trouble finding which tax office to contact and how to proceed. Do I need to contact my local tax office or my employers tax office? Also how do I find out the…
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Tax Refund
A friend has calculated that he has overpaid tax in 2003/2004. He did not fill in a tax return for that year Is he able to claim the overpayment and how would he go about it?
