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Cutting tax
Archives for June 2006
Discussion List
Help! - I think I owe the taxman
I retired from my job in March last year at 60 and claimed my state pension. Filled in the forms and got 3 different tax codes, last one was a K code. Received my pension and assumed they were deducting tax at source (I've always been PAYE and have never filled in a tax form). Just filing my latest letter from the Pensions…
Unit Trusts and Treasury Stock - is it taxed?
Can anyone help - my husband has inherited some Unit Trusts and Treasury Stock. Has tax already been paid on the dividends when they are received or do we have to inform Inland Revenue?
Self Employed Status
Hi Guys, I have recently been offered several new jobs and one of these is on a self-employed basis, I would take a set wage from the company however need to self assess myself for tax purposes. Can you tell me the pros' and cons for this? The other jobs I’m considering are standard and they will be sorting out the tax &…
Capital Gains Tax
Hi, I have had an investment property for many years and now wish to sell it and invest the money into property funds,, as it is getting more and more difficult to do the maintenance etc as I get older, but still I need the income. If I do this, would I be liable for capital gains on the sale of the house or can I roll it…
furnsihed holiday let. Tax on remortgage charge
Hello I have a holiday let property that was purchased with a £70,000.00 mortgage. I claimed legal and setting up cost in the year of purcahse. The mortgage was interest only but I put savings (not income from property) into a mtg saver account and this has reduced the balance. I have two questions? 1) Can I claim tax…
Business partnerships - few questions
Hiya bit of a long winded post but please stick with me if you can as i really need some advice and you need to know my background to understand why im asking. Right bit of background I am currently unemployed and claiming Jobseekers allowence while trying to find a job. BUT im honest with myself and i know that through…
emigrating and capital gains tax
Hi everyone, new to the forum:D We are emigrating to New Zealand at the end of the year and I could really do with some advice on rental properties we have. We are selling everything (our home and 2 rental properties) now and I looked at the relevant Inland Revenue advice sheet, but it isn’t clear. If I am out of the…
How much tax and NI should I be paying?
Hi all. I am due for a payrise :j , however I have just used an online calculator which says my net income is the same as it is now (even after a 1K / year rise :confused: ). I am trying to find out how to work out how much tax and NI I should be paying but it looks a minefield. Does anyone have a current spreadsheet or…
Implications of 2nd house???
Hi all, This is my 1st post and I don't know if this is the right place to put this, sorry if it's wrong. Hope some of you can advise me please with the following..... ............ brother in big bother financially (a long story I won't go into, some his own fault/some unavoidable) at present owns a 2 bed house (but he has…
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