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Where can I get free Tax advice ?
Does anyone know where I can get free advice re my Tax. I got a letter from the 'tax man' in July stating gI owed them £800, £400 of which had been recovered via my previous years tax code. Yesterday I received a letter saying I owed £1400, which included the original £800 (£400 of which I have already paid) The problem…
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Tax Claim Back
Hi, my son has been working over the summer earnt arouund 2.5k but has now gone back into full time education. What form can I use and where can I download it from to claim his tax back?
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Do i have to declare ex's mortgage contributions?
Hi I work full time for employer and pay PAYE. I'm a bit worried cos my Ex still pay's half of my mortgage, although hasn't lived in our house for a long time and the children have long since flown the nest. Would my ex's contributions have to be declared for tax ( e.g on self assessment form). REally worried, cos if this…
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How is a gift made in 2000 valued for IHT purposes?
I started a couple of threads yesterday, and it turns out that the info I had been given was incorrect. My friend was given a house by his mother in 2000 and she died last month, therefore he didn't quite get the 7 full years that is required for IHT purposes. So now for the IHT comp we have to know what the value of the…
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Websites?
My friend recently started a website. He gets paid commision for banners on his site. Does he have to declare his earnings? Would he have to register as self-employed? Would he have to register as a sole trador? Is their any benefit of him making a ltd? What figures would he have to be earning? thanks
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Working Outside of the EU
hello. i've just resigned from my uk job to take some IT contracting work onsite in brussels for a company over here. When I left I handed my house over to an estate agency and they have already rented it out Before I left I purchased a nearly new car @ 8k as i needed something to get me over here, and about... i needed to…
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Self Assesment - Never done one before!
Help.. I have been asked to complete a self assesment as my business mileage claim (P87) exceeded the threshold. Is a self-assessment form complicated? I only want to submit business mileage. Thanks Ben
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Declaring jointly owned share dividends
We jointly own some shares, mostly privatisations and my husband has been declaring the dividends for all of them. For the first time ever I have to fill in a tax return as I now get a state pension which I will have to pay tax on. What should I do about these dividends? Should my husband have let the tax office know that…
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How do I find out what the Council tax amounts are?
I am wanting somewhere where I can find out how much Council tax is yearly for different cities. Is there anywhere I can do this online please TIA
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CGT with a twist
A friend owns his house (which sits on a bit of land). His mother has passed away recently and her estate consisted of a house on an adjoining piece of land. Her estate is to be sold and divided equally between her 6 children - there are no IHT issues as the estate is less than the threshold. The twist is that separately…
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National Insurance Contributions
Hi all How does National Insurance work then? Specifically is there an upper limit to what you pay? For some reason I thought there is/was but my friend says there isn't.
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Aaaah Tax Help
My Husband Started A Joinery Firm 18 Months Ago He Is In A Partnership With One Other I Do The Book Keeping And Vatreturns And I Am Paid A Wage Not A Problem Since Been Told Because I Work From Home Doing The Books I Can Claim For Electricity/gas Is This True As Its The Family Computer I Work From In The Corner Of My…
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Valuing an Estate and will questions
A friend's mother has recently died and he asked for my take on the situation. Can someone give me any answers to the following: Her estate consists of land and a house, which is valued at approx £200k. However, more than 7 years ago she gave half of her original plot of land and another house to a son (my friend). As a…
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Is hubby on the right tax code?
Are there thick and fast rules concerning tax codes or are they varied depending on circumstance? eg- man aged 44, 2 kids,works loads of hours, he does a lot of overtime but pays shed loads of tax!! i might sound a moaner but why o why are people always penalised for working their bloody socks off?? any idea what his tax…
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Saving tax on foreign shares
My previous employer is a wholly owned subsidiary of a Canadian company. When my employer was acquired by the Canadian company we were all given the option to buy shares in the company. I exercised this option when I left and now own shares in the Canadian company listed on the Toronto Stock Exchange (TSX). The shares are…
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will i get help to pay council tax??
Hi, I am a newbie to MSE.. I was just paid of due to lack of work and i own my house.. will i have a mortgage and my girlfriend works full time.. will i get a discount for council tax or help with it? Thanks for your time and any help i recieve in advance Derek
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will i be investigated?
Hi all, I am self employed and have recently upped my workload from part-time to full -time so this years tax return is going to look very different from last years! (turnover will leap from about 12k to 30k) Will this automatically trigger an investigation?
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WHO is responsible for the CGT
A friend of mine bought a flat in Spain 8 years ago for £25000. It is now worth £125000. (He is pleased). He is now thinking of gifting this flat to his son. He knows about Spanish Capital Gains tax, but not about UK. Who is responsible to pay any CGT and when is it due? In other words does he have to pay CGT on the…
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Paying Tax on extra income
Hi, Last October, my girlfriend did some additional work for her employer which didn't go through her payslip in the normal way (i.e. she was paid separately and hence didn't pay any tax or NI on it). She was paid £150 for this additional amount. Will this mean she has to fill in a self assessment form etc in order to…
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Starting new business - startup costs
Hi I'm starting up a busines as a sole trader and will need to spend in the region of 3K to startup - this will be to purchase items and equipment that will always and only be used by the business. For example, in order to advertise correctly and to supply a company portfolio I need to purchase a quality camera. Say it…
