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tax calculation for council tax? Help!!
hi there, i have a quick question. I am self employed and living with my parents. The council want to knwo my earnings for the council tax benefit my dad receives. Does anyone know whether I should give my annual accounts to the coucil, or should I give them my self assessment i.e my tax calculation. As my tax calculation…
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Do the Inland Revenue make mistakes.. sorry, very long
Hi, My hubby was self employed and paid what they said was everything he owed in tax in march 2003. He had no further correspondence from the IRS untill may this year when they have suddely said he owed another amount and the interest from 2003. We couldnt work out where they had got their figures from so asked for a…
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Council Tax Bill From 1998
i've recieved in the post a decree of an earnings arrestment schedule debtors (scotland) act 1987: section 47 stating that my wages are to be arrested for a summary warrant granted 20/07/1998 for arrears in council tax ..total bill including costs £220.75 i don't have records that go back that far and have moved house…
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First Proper Job! Tax Query
Hi all, this is my first post here on mse, so forgive me if I don't adhere to the forum etiquette! I've just found out today that I have got my first proper job since graduating in July (in an advertising agency). I'm trying to work out a budget so that when I receive my first pay slip I don't go crazy and buy some…
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Making 2nd home principal residence
Hi Could anyone advise me. I am selling my principle residence of 11 years. I shall move into another flat that I own, ( owed for 5 years ). When I come to sell that one, ( in 1 - 5 years time), will I be liable for capital gains tax? :rolleyes: Thanks
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Capitol Gains Tax question
I have posted this question on the House Sales Forum but I think it may be more suited to this one. I have a property that I bought in 1986 for £3,000. I lived in it as my main residence until 1997. Since then I have rented it out and paid tax on the rent. I would now like to sell and I expect to get approx £90,000 from…
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Council Tax question
Hiya Got a quick council tax question, please. My daughter has recently moved into a new build flat. The developer is still building other flats next door to hers. She contacted her local Council re Council Tax and has been advised that they have not banded the property yet. They therefore said that she does not need to…
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Am I too late to get my council to review...
I have been mindful of quizzing my Council regarding our council tax banding - it's only recently that I was aware that a web site existed for me to check out other houses nearby for comparison. Problem is i've been living here for 35 years - so are the council merely going to time bar me - and will I be wasting my time ??…
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Income tax when retired
My mother retires later this year but is thinking of staying on at work for a year , will here income tax / NI stay the same?
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Self employed newbie - calculating allowances?
Hi I have recently become self employed and have been reading about what allowances I can claim. At the moment I believe I can claim 40p per mile for business use. However, I am looking to buy a car as my current one is on its last legs. If I bought a car costing £10k would I treat it as follows? 1) Capital allowance…
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Urgent: company car tax on rental car from Alamo?
Hi, I have a question and needs an answer quickly for the meeting shortly. Let's say I get a rental car from Alamo or any other rental car companies at the airport. I rent the car monthly, let's say GBP600 plus VAT for example. I will get direct reimbursement from the company. Or I can use the company credit card to pay…
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Tax Havens
I'm seeking out a tax haven that lets me keep more of my business profits! I work as a sole proprietor out of the UK at present, but most of my sales are to the US. I was wondering if there are any places in Europe where I could relocate to that are known tax havens. Any suggestions?
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Capital Gains Tax personal allowance?
Can anyone quote me what the current personal annual allowance is for capital gains? Have also posted this in house buying forum.
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back pay settlement,reclaiming the tax
I recently received a backdated pay claim going back several years and paid a large sum to the tax man. This will put me in the 40% tax bracket for this year. Is there anyway i can claim back the tax on my lump sum? and can i reduce this years tax as i was never over the threshold for the time this disputed went on
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I'm a student and I've been charged interest on my savings
I'm a PhD research student, and my A&L savings account balance shows I've just been charged tax on my savings. I've sent them an email to ask for a refund, but do I have to do anything else as well? I've already sent the relevant forms to the inland revenue to say I'm a student ages ago...
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Sage or Quickbooks
Hi, not strictly a tax cutting question, but related to accountancy money-saving. I recently set up a Limited Company and am looking to maintain good book-keeping and accounts so that at the end of the tax year I can give an accountant a set of files which they'll be able to work with quickly and easily - hence saving me…
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Contract hire van - tax?
Hello, my husband is self employed sole trader. His van has caused us no end of trouble and in one year has incurred £1800 in breakdowns. So we have decided to sell it and get a contract hire van. I know that if the van is £12000 or less he can claim 100% of the hire charge. But as usual we have decided to do something a…
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Inheritance Tax
Hi all, Apologies if I am posting in the wrong place etc but I have a few questions about inheritance tax and how to protect my families money. A family member died some time ago and left everything to her husband on the condition that when he passes away, the remainder of the money and assets are left to me and my family.…
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Council Tax and renting
I'm sure that I'm paying too much council tax but I can't use Martins' system as I live in a converted farm where all the properties around are rented as is where I live. I am in the process of buying a new house which is in a better location,has a garden and is also a three bedroom but it is on a lower band. How can I…
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question regarding council tax
Hi I hope this is the right place to ask this question. Around 2 years ago I moved house. I still had 2 months left on my tennancy agreement and continued paying my rent for those 2 months. What I would like to know is this. I recently got a final demand for payment of outstanding council tax for those final 2 months. Am I…
