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Does it pay to get married??
I'm getting married very soon, Saturday in fact, and my MIL2B has just had an email from an old friend commenting that as we're having an April wedding we'll be beating the taxman. What does he mean? Can we claim extra allowance, or is he harking back to the good old days. I thought the married man's allowance had been…
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Putting a property in trust
Hi Does anyone know any good websites giving basic info on putting one's main property into trust? Thanks very much, TC
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self-emp paying tax, how much?
I am self employed and have been since Jan 2005 now, i payed my first tax bill in Jan of this year for Jan 2005-Apr 2005. I know that my next payment is due to be high because i have to pay for the last 12 monthsApr 2005 to Apr 2006 and also 6 month estm. ahead. Is this right? If so is there a cacualtor or an easy way to…
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Captial Gains & House - Help Please
Hi, I own a house in Swansea which I lived in for two years and then rented the property out when I moved jobs (relocated to Surrey). The property has been rented for two years making 4 years in total (the property is still being rented). I have rented in Surrey for the last two years and I am in the process of buying a…
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PAYE Advice
As a Director of a company and operating a Directors loan account, by year-end I became overdrawn by £2k. (although I hadnt taken a salary). The year end was July 2004 and although I completed a P14 for my other employees, I didnt complete one for myself. My question is, despite me not declaring a salary via a P14, can I…
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Council Tax Help
Hi all i have just moved into my new 3 bedroom house in leicester and i was wondoring how much council tax i have to pay according to the council website, the max i would pay is £784 (at the moment). Do you get a discount if you are living on your own and if so, what is it roughly if 2 people in total live in the property,…
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can you be domiciled in france and resident in the UK at the same time?
can you be domiciled in france and resident in the UK at the same time? is the wife supposed to be in the same tax situation as the husband? i imagine under uk law can be resident/domiciled in one coutnry and the husband in another? under french law would this not be different? there are no kids involved ( i know under…
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purchasing car for business (hire purchase vs. cash purchase)
hi, i own a business in partnership with my wife. (so we're self employed). i want to buy a car, for business use,( its a 7 seater MPV). the car cost £9999. i just wanna know what would save me more money (in terms of tax), a cash purchase or a hire purchase. tnx
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Rented House CGT
My wife bought a house in December 1989 for £90K which now has a £47.5K mortgage on it. She lived in it until July 1995, when we began co-habiting in my house and rented her house. Her tax return shows an annual loss on the rental income. In August 2006 the house will be sold for £165K and the equity invested in a holiday…
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investigate tax
I was self employed 2 years ago but now work for a company in full time employment. When i was self employed i used an account and took my books to him each September every year for him to complete the tax returns for the tax man. He would send me copy to sign and I'd pay what i thought was high tax bills each year. Around…
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Tax relief on business mileage
Has anyone ever filled in a P87 Tax relief form? I filled one in a month ago, and have just got a letter back from the Inland Revenue asking lots of questions. Just wondered if anyone else had been given the third degree? Over the past few years I have had to fill in a tax return, but a year ago I was told there was no…
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Insurance policies in trust
These are policies set up to be outside a person's estate on death, and are often designed to meet the expected IHT bill. It looks like Gordon may now be taxing these at 6%, including ones already set up :mad: . Sunday Times - That'll wipe the smile off their faces The main headlines about Gordon's budgets always take a…
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Self Assessment
Hi My husband has just gone back to being self emplyed so this year he is half employed and half self employed. He is a builder with a certificate so gets so much of his pay deducted for tax. Is it worth the cost of an accountant approx £250, or should we try self assessment. we have always used an accountant and our…
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Parents residing abroad and IHT
Hi all, I am permanently residing and working in the UK for the last 10 years. My parents are permanent residents of Greece (never entered the UK). They have given me a certain amount to investment on their behalf in a Joint Venture with a property developer. There will be a contract/power of attorney that authorises me to…
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VAT - Google Adwords
I use Google Adwords, started July last year, up until January Google charged me VAT at the Irish rate of 22% (thats where their based) but as i'm in the UK and use Adwords for business purposes they said i don't need to pay it. They sent me a cheque for the vat I paid up until January, now they are not even charging me…
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bonds
i currently have a training bond which i am going to have to pay, as i am leaving the company. i believe that it is possible to get a tax break on the bond. can anyone tell me how you do this, i believe that the application has to be worded correctly. many thanks in advance :confused:
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Can we get out of paying this?
My husband is self employed and very busy so I sort out his accounts. Unfortunately I am not very knowledgeable so I just put it all together and send it to the Accountant. Our accountant is normally very good and very cheap but this year he forgot to tell us, until a couple of days before he submitted the tax return, that…
