-
fuel expenses, self employed
hi. i've just started as a self employed chiropodist. visiting people in their own homes. only doing it part time at the moment so not earning millions as yet lol! Ok, my question is this. Do I need to keep petrol receipts or do I record my mileage or both? Not really sure how to put it in my books yet. If I go out and…
-
Help please with Inheritance
Right here I go my Dear Dad passed away last week and I need help and advice as to what to do next. My livings: Council Tenant for 19years, I work part time and my hubby is Long term sick, we have 4 children the eldest is just about to go to Uni in Sept. Inheritance Property worth about 140,000, cash of about £13,000 In…
-
VAT free cars for disabled people?
Is it possible to buy a brand new car at zero rate VAT for a disabled person? I know that Motability lease cars on zero rate VAT but wondered whether this is available to individuals as well as Charities. Thanks.
-
Property transfer
Help required please. Im in my 60's and in good health living in my own mortgage free house. I want to sign over the proprty to my only son, I'll live in it rent free for the rest of my life and he will be responsible for all the upkeep and repairs. Are there any potential legal or tax issues that my son might face? Thanks…
-
Tax on overtime
Could anyone tell me what the rate is for tax on overtime? I only earn 14k a year and I think for the past two years I might've been taxed too much.
-
Can anyone help?
Hi everyone, I'd like some advice if possible. I'm a supply teacher, registered with 2 agencies. I am on BR code for one and on Week one month one code for the other (the Tax office amended it for me). The agency which I'm on the BR code has now offered me work for the next few months, which means I won't be earning…
-
Self assesment now worrying me..anyone help?
Did my online return provisionally the other night, changed my expenses today and the payments are very confusing... payment due £1858.28 1st instalment due jan 08 £929.14 then the same figure for july 08 but then it says total due by 31st jan £2787.42?? Please god tell me its mucked up and i dont owe nearly £3k..anyone…
-
Council tax rebate: interest?!
Hi all, Just had a cheque through the post from my council. They admitted that my house had been wrongly valued band C, when it should have been B. I've been paying the difference between the two bandings for the past 5 years, amounting to a rebate of over £650. However, (whilst not wanting to sound ungrateful) it struck…
-
having 2 jobs?
HI, how does it work if you have 2 jobs? Do you pay same rate tax on each one or does your tax band change so you pay higher amount on one/each one? If i was to work full time at job A for 2 weeks, then change to part time when i start full time at job B is that ok? Do i need to change tax band or job A because its now…
-
*Confused* help please: Minimising tax on a one-off payment of 50K
:confused: I'm a PAYE employee in the 40% bracket. I am also doing some part-time consulting work and expect to get an additional lump-sum payment of 50K this tax year. I also have a dormant ltd company. Would it be best to revive the ltd company and receive payment through that or Is there another, tax efficient way to…
-
Need some help please!
My husband and I jointly own our house with my mother in law. We are now living in the property and want to buy her out. (her share being half market value). As this is not her main residence she is likely to have to pay CGT. Are there any legal ways that would help her to reduce this tax bill and not give too much to the…
-
any tax boffins out there?
Hi, I'm new to this, so sorry If I don't explain myself very well, or I'm waffling! Ok- My query is regarding renting, capital gains tax, whether i'll be liable, and how I can get round it/reduce it, if I am. My boyfriend is a homeowner, and I had begun the process of buying my own flat, when ho hum, life changed and I…
-
Tax Allowance
What is the normal tax allowance for single people? Is it £5k or something for the tax year 2006-2007? Cant seem to find it on the IL revenue site. Also, I earned £4700 pounds in the tax year 06-07, and paid approx £700 tax. Should I be able to claim this back> Thanks in advance for your help, Steve
-
Car user Allowance or Contract Hire?-Questions
A relative is an Essential Car User for a Local Authority and as such is paid a lump sum and a mileage allowance, which generally is below the standard HMRC approved rate. He has asked me about his tax liability. Am I right to think that if the total he received in a year, lump sum plus mileage id, say, £300 and payment at…
-
Working for a UK company but resident abroad?
Hello all, I promise I've searched this forum for any similar issues, but can't find anything, and wonder if anyone can give me advice on this situation which may soon arise for me. There's a possibility I may be offered a job by a UK company (I am currently self-employed). I am a UK resident myself but am spending a lot…
-
council tax rebanding at a previous address
A house that I lived in from 2002-2005 had a higher banding than the rest of the street. I questioned it at the time with the council and they said it was right so I didn't pursue it. I have now discovered that the lovely people who bought the house from my landlady after I moved out took this forward and it has now been…
-
candian tax
Right this could be a long one so please bear with me - there is a tax related question at the end ! My Nana was visiting a relative in Canada 1 1/2 years ago and was in a car accident which nearly killed her, killed 2 of her sisters and 1 niece. To cut a veeerrrryy long story short she was in hospital in Canada, air…
-
Obtaining 2nd P60
My parnter has received his P60 today for his current job, of course it states pay for his current job and previous job, along with tax for each job and then tax total. When he switched jobs, his current job took awhile with the tax code and by using an online cal he's due a refund of around £155. How does he obtain his…
-
Tax claim and P60
For the tax year 06-07 I have worked out from my pay slips I have overpaid around £100 because of being on the wrong tax code for a few weeks. I wrote a letter to my tax office around the 5th of April asking them to review my tax for the tax year 06-07 and it has been a month since, so I phoned the tax office to find out…
-
Inheritance urgent help
Hi guys My partner’s parents have finally realised that they have to do something regarding inheritance tax. They have 10 properties all in my mother in laws sole name of which all properties are rented out. The properties were bought some 20 years ago. They would now like to retire and leave the running of the properties…
