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Help! Council Tax.
Hi, I'm in the middle of moving house and because of the contracts on my current and new houses I've got a month of overlap. Does this mean I have to pay council tax for both houses? Council tax on my current house is £50 a month.... Council tax on my new house is £75. Should I just pay for one of the two? Any advice is…
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renting family home; CGT liability after 3 yrs??
Hi, have waded through HMRC but found nothing specific....can anyone help with a simple Q? We have rented out our family home since Jan 06 as we re-located for work. We rent a house in our new location. I have heard of a CGT liability (I can't remember where either) if one rents out own house for 3 yrs or more EVEN though…
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Most Tax Efficient Way To Buy A Van For A Sole Trader
Would be very grateful for any information regarding the most tax efficient way to buy a van for a non-VAT registered (and won't be for forseeable future) basic-rate tax paying sole trader. Would it be buying outright a secondhand van or lease hire or are there any other ways? Also any pitfalls to watch out for? Thanks in…
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Tax Refund Company?
Hi, would like some advice...just received a mailshot through the post from Usdaw, offering a free tax code assessment from this company, stating that one in three people are due a tax refund, I was wondering if anyone on the forum had taken this offer up? and if so how successful they were; bearing in mind this company…
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Council tax and attachment of earnings
Hi everyone I have received my wage slip today and have had some Council Tax arrears taken from my wages - I knew it was going to happen but I didn't realise they would take so much (£423) which is nearly a third of my net wage. They also took the payment in 2 seperate deductions, 1 @ £156.28 and 1 @ £266.75 = £423.03. Can…
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Tax Help Please
Hi everyone i'm hoping that someone can help me please. I have been temping in a workplace through an agency) since March, and in the middle of october, I accepted extra hours to work in their shop. i started off doing 18 hours but have since reduced this to 13hours. I had to fill out a P46 in which I stated this that was…
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New tax code on retirement
I retired on Aug 31 and am now on my fourth different tax code since then, having had three different calculations in the last week from HMRC. I 'm struggling with the sums, but my main issue is over a "chargeable event" last Feb when I cashed in an investment. I was led to understand that as I had held it for 4 years I…
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Landlords energy saving allowance - double glazing
Hello, First time i've got to fill in a self assement form due to having a rented property and just wanted to know if I can use the landlord's energy saving allowance (LESA) if I replaced single glazed windows with double glazed windows? I've searched about a bit online and am getting conflicting answers. I belive if I can…
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Increase to Mileage Allowance?
There have been articles recently about how the failure to increase the £0.40 mileage allowance has helped fill the governments pockets. I can't remember when it was last increased but is there anything to stop someone who is self-employed putting a case with their accounts for a higher rate? Or is the only other option to…
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Inheritance Tax question, help please
Hi, my mom died in June, before the thresholds were raised to £600K per couple. My Pop is still here. Can he leave me £600K iht free or £300K? Many thanks for your help. C.
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Council Tax - 'not counted' for bill - still liable?
Bit of advice from the experts, please. Situation : Son part of joint tenancy (4 of them) in student only flat in London. Now all gone their separate ways, having mainly finished Uni, but CT not finalised. Question revolves around year in which they were all f/t students - and where 3 of them have filed their Student…
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new uniform allowances
I heard recently that you can claim from the tax office for any uniform you have to have but is not provided. I work in a nursery and company policy states I must wear black trousers and black shoes-slip ons are allowed as long as the front of the foot is covered, otherwise they must be a full shoe-no heels allowed.I have…
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Capital Gains or Inheritance??
Good afternoon all I have a question for all you clever tax people:D My oh inherited a house early sept (just before new tax laws came into force:mad: ) If the property is valued by (3) estate agents @ 285k for probate & it then sells at a higher value at a later date do we have to pay tax inheritance tax on the…
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Claiming tax relief on travel ..can i do this?
This is my first time post so I apologise if I have got anything wrong I have recently been promoted at work with an increase in salary (but a substantial loss in OTE earnings taking the past couple of years into account due to the new position being salaried rather than hourly paid). My question is can i claim tax relief…
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Sel Assessment close of business
Have done my own self assessment for the last 13 years, no worries. Have always filed by 30 Sept to get HMRC to calculate tax, but was unable to this year. My self employed business ended in June 06, ie three months into the tax year and 11 months into the accounting year. Now I realise i may need to bite the bullet and…
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Capital Gains / Second Property
Hi all, looking for some advice please. My mother and father purchased a second property in which my sister has been living. They would like if possible to minimise / avoid paying Capital Gains tax if they sale this property. Is there any way to do this? One thought was if my mother lived there with my sister for a certain…
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Self Employed (Should She)
Hello all, My wife has been doing Avon now for a while and the workload is building and she is still un-employed. Is it better if she registered as self-employed or not. Also if that is the best way to go about things then somebody tell me how she should do it. Cheers
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Discretionary trust and trustee's
HI, This is rather complicated and I hope someone can at least give me some guidance - but any advice will be really welcome!! My husband had an accident in his early 20's approx 18 years ago now. He suffered a massive head injury and was awarded £500,000.00 for loss of income for life. This money was placed in a…
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Council Tax Refund
Hi Martin Just want to thank you very much for encouraging us to query our council tax band. One phonecall then a long wait and we have been refunded £2420 and dropped a band. Keep up the good work:j
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tax and national insurance
Can anyone tell me how to work out the percentage of tax and national insurance from my wages? Need to rebudget due t loss of overtime and want to see what my basic salary will look like with just shift premium minus tax and insurance.
