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capital gains tax
i inherited a house with my brother i live in it so i know i have no cgt to pay on selling but can i pay my brother off in instalments under his cgt threshold to get off paying any cgt
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company car vs car allowance
From the tax point of view is having a company car the same as getting a car allowance and buying/leasing one yourself ?
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Council Tax Enquiry
My son lives in my house in the UK and for a while lived there alone. He claimed the single person's council tax reduction. Then he became unemployed and couldn't afford to pay all the bills. So I installed two lodgers. Their rent comes to me and pays most of the bills. My son has none of the lodgers' money but does pay…
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Re mortgage - in UK or Spain?
Hi, Im new to this site so please stay with me... Have two uk properties each with uk mortgages on them. Have Spanish property with no mortgage on ...I understand Euro mortgages can be cheaper, my query is: Can I re mortgage by consolidating my existing 2 uk mortgages to 1 spanish mortgage on the mortgage free spanish…
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Is there CGT to pay on a second property bought to resell
Just wondering if I buy a house do it up and resell it whilst living in another house would i have to pay CGT on any profit. Or is CGT only applicable if it is rented during the period. From what I understand there should be CGT payable but you never hear about this when property developers are on TV? thanks for any…
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Council tax liability??
Hi, my daughter (who's the only person living in my property who's liable for council tax) has gone travelling with her new job. She travels all round the British Isles and has so far been away for a month and is intending to be away for a further 2 months before coming back home. She'll be here for a couple of weeks and…
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Self Certifcation
I've only ever been in regular full time employment (never self employed or anything) but recently I've done a bit of work for a friend who is paying me £500. It's all above board on his side - he's asked for a receipt and he's paying me by cheque, and he's told me that I'll have to declare this to keep the taxman happy.…
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gifts from overseas are they taxable?
If someone overseas gifts me £25,000 (on income already taxed), is this taxable again? thanks
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tax relief on mortgage interest on buy-to-let
I know that I would be entitled to reduce my tax bill by putting the mortgage interest against the rent I receive on a planned buy-to-let. If I have a buy-to-let mortgage secured on the BTL property and my own mortgage secured on my home can I only put the BTL mortgage interest against the rent? The reason I ask is that I…
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what is the rate of tax
hi what is the rate of tax and ni
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Inheritance Tax will hit- what happens ??
I just lost my father, and I'm sure a lot of IHT is due. I understand I have 6 months to pay this death tax. My parents left Wills (all assets passed on to my father when my mother passed away 10 years ago) I have executors of my parents Wills, but can anyone advise me: 1) How can I save as much as possible from this Death…
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Avoiding Council Tax
I recently found out that someone I know has been avoiding paying council tax. The occupier has been receiving a 25% discount for being a sole occupier when infact there has been two people living there - originally he lived alone but my friend moved in just over two years ago . To make matters worse, I am moving in with…
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Tax Rebate!!
Hi have placed this in the freebie section because its 'free' to submit your information and its 'no rebate, no fee' If like me you have been from job to job over the last 6 years, it might be worth your time to submit your infomation to the tax rebate company, the average rebate is £220!! Just for giving them an online…
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sub contracting + tax help please for 18 year old
my son aged 18 has been offered a job, laying slabs and genaral labouring, he has been told that he has to go to the tax office and fill in a hm revenue + customs registrataion form , i think it is called a CIS ? as he will be sub contracting , does this mean he will have to pay his own tax and national insurance, he all…
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Pension And Starting Up As Self Employed
Hi there My significant OH is leaving the Armed Forces soon and will receive an annual pension of roughly £12000. He will be starting up in the taxi business as self employed also. How does he stand on taxation of his pension? What is the best option? Should he opt to have his pension taxed at source and then go and self…
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Second job - tax implications
Hi everyone, I'm usually over in DFW so hope its okay to post here! If the info is elsewhere on this board, please just post the link. I already have a full time job and am considering taking (a £5/£6 an hour) 2nd job for a couple of weekends a month. How do I work out the tax on this and what do I need to tell the taxman…
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liable for CGT??
My elderly mother has anounced that when she dies she would like her house to be sold and the proceeds to be shared between us four children. I dont imagine that it will be a lot of money,but how do we stand in respect of the taxman??What amount will he take? Any advice welcome!;)
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Property: CGT? Inheritance?
Hello, Someone suggested I posted here as it's more relevant to this forum. http://forums.moneysavingexpert.com/showthread.html?p=2275788&posted=1#post2275788 Grateful for any pointers!
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Claiming tax back without a P60?
My son has a pension from his late father's company whihc uses his tax code and he has a part-time job which uses the BR rate. He has paid too much tax this year as the pension doesn't use up all of his 10% tax band. Usually we take the 2 P60s to the tax office and claim any refund. However he has manged to lose the P60…
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Just started contracting, tax question..
Ive just moved into IT contracting and have a couple of basic questions with regards to tax and NI, forgive my ignorance but its my first real foray into this type of wage.. I understand that I have to pay two amounts of NI and tax, and I am currently paid weekly and am using an Umbrella company, ParasolIT. Basically, for…
