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How much can I earn before paying higher rate tax ??
Assuming the follow figures simplified to make the question easier :) Interest from savings £12,000 (a) before tax £10,000 (b) after tax Personal Allowance £5000 (c) Additional job related allowance £6000 (d) Higher Tax band starting at £34,000 Would it be £34,000 + £5000 + £6000 - £12,000 = £33,000 or £34,000 + £5000 +…
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reclaiming washing expenses
hi, the company i work for, are putting our names on company logo'd safety wear. Is there any allowances or legislation regarding the washing of this equipment? cheers
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work expenses-how do i claim?
i've done a search and can't find the info i need. my son is a chef,and buys his own clothing,knives,etc. is there any way he can claim back these expenses? i'm sure i read it on here ages ago,but i can't find it now.any help appreciated,thanks.
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inheratance tax advice sought
My O.H and i have just been discussing IHT and would like some advice, we have just taken early retirement and with our property have assets of approximately £476K, we understand that IHT is not payable between spouses, but if heaven forbid we both went together,then our 2 sons would be liable for IHT of £70400 from the…
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PAYE Coding Notice 2007/08
Hi, I did not get a new coding notice this year. Out of interest, is it a different design to the 2006/07 coding notice, or is it exactly the same but with 2007/08 as the date? Thanks in advance.
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Please Help- RE Council tax banding
Hello all I'm after some advice on challenging my council tax band, as it stands i have gone through the normal channels with my local council, but they regected my appeal. I did some research before my appeal, and find it incomprehensible that they can regect it, to say i`m annoyed is an understatement. They also told me…
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P45 & P60
Have just been looking back over my wifes payslips, she was given redundancy 10 months ago (not the few as I put in my other post - where does time go). Anyway I've calculated that she has overpaid her Tax somewhere between 500-600 pounds. We are still waiting, although various phone calls etc have been made to previous…
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Not on electoral roll - New property purchase - council tax implications???
hi, I've just completed the purchase of my first house and would like to inform the council that i own the property. However, I'm not on electoral roll (as I've been living on and off with my parents) and would like to know what the implications are for informing the council about my purchase). My house and my parents…
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family member tax arrears (again!)
a few weeks ago i posted about a self employed family member who had not submitted 04/05 or 05/06 returns so had not had any assessments or paid any tax. well the revenue have now sent him a letter saying that they are going to apply to the commissioners to ask for the £60 penalty to be applied. I have a couple of…
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Tax back from France
Hi there Guys, Bit of a tough one this - I worked in France for 5 months and have now come back to the UK. I definatly earnt under my allowance for the Uk but dont know if this applies in France Is it possible for me to claim tax back ? How would I go about doing this ? Are there companies that can do this for me ? thanks…
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Query re tax and financing purchase of foreign property
If any tax inspectors or accountants out there can answer this I'd be grateful. DH and I are thinking about releasing equity from our family home (remortgaging) to buy a foreign property which will be rented out. Our current mortgage is tiny and we have considerable equity. If we do this can we set that portion of the new…
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using own car for work - query
Hi all, My employer is making it increasingly difficult for people to use their own car for work purposes by introducing loads of red tape around the claiming process. I think this is to try to cut costs of people claiming mileage payments (employer pays around 44p per mile). I was looking at the hmrc website and I…
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Capital allowances - theory question
can any accountants help with a bit of theory please? i've been going through IATI past paper examiners answers, and am slightly confused my understanding of capital allowances is: Schedule D case1 net profit add back depn deduct capital allowance however in summer 2005 paper…
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Renting car under Ltd company?
Hello There DH and I are directors of our own company. We have a Ford Fiesta that we have just finished paying off. DH is keen to sell off the Fiesta and rent a bigger car under our company. Is it as simple as selling the Fiesta, pocketing the money (around £3,000) and then having the company pay for the rental of our…
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Company vehicle tax - van or car
My dad currently has a company work van at the place he works and ha snow been offered the option of having a car instead. He is after whichever one saves him the most money tax wise (fuel is not the issue). He has been told that a company van you pay the tax on first £3,000 and just pay tax on first £2,000 on a car…
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CGT on Only Property which was rented for 5 years
I need some advice. I bought a property in 2000 and lived in it for 2 years. This was my primary and only property. I then moved out and let the property for 5 years. In this time I was renting a room somewhere else to live in so I did not own any other properties. Now I have taken my property back and want to sell it so…
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Capital gains
I have 2 properties property A and property B. Property A is currently my primary residence Property B is currently rented I am currently looking to move house, leaving propery A, however i want to keep it for sentimental reasons. I have descided to move my good tenants into property A and sell property B. The sale from…
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HMIR mess...help please!!
I am a UK resident but not a British citizen. I have never found a proper job here and last October started doing some free-lance work in interpreting and translation. I know I should have registered as self employed before or shortly after, but I was not sure this was going to continue and was scared of the bureaucracy…
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Running Costs - Car
Hi, My company doesn't give me a car allowance every month but they do pay 40p for the first 10000 miles then 25p for everything after. My friend says to claim back the difference but I'm not sure what he is on about. Does anyone have any advice on what can be claimed back? I drive a 2.0 petrol saloon, 40000+ a year.…
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HELP - Council Tax Banding Rejection
I have followed all the links on your website to assess our property value and came up with the following. Basically the figures show that a house that is similar condition to ours in 1991 should have been in a lower band by roughly £8,000 we have therefore disputed our banding for the past ten years going on the figures…
