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Help! In a bit of a tizz.
Hi EveryoneI really need some advice with tax. I work full time and last year I took on a second job as a Body Shop Consultant. I wasn't advised on taxation and when I asked I was told I wouldn't earn enough to pay any tax despite me working full time where my company pays my tax. I worked for them for nine months and now…
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Please read this... Petition to our wonderful government on Fuel Prices.
Well hello everyone, As like many others, I drive.. But i'm immensley hacked off at the latest prices showing up on those brightly lit petrol station forecourts... A petition to our Prime Minister has been setup on the governments petition website. The petition is asking our govenment to re-calculate the VAT we pay on fuel…
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Claim Tax difference for travel on relocation?
My Financee has has her offices relocated :mad: . She gets 23pence per mile for the difference between the old office and the new office. Business travel is paid at 43 or 53 pence per mile, depending on the size of your car. Can she claim the tax on the difference from 23 pence to 40 pence for the relocation miles from…
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Dreaded Self Assessment - One hopefully simple question!
Hi, I am being super helpful and help my bf out with his tax return. He works from home as an architect and I am working through the house expenses in order to claim these. This is not proving a problem. However its his motoring expenses I'm a bit stuck on. He bought a new car in Feb this year for 20k which is used 70/30…
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Christmas meal question
Is there any tax allowance on taking sub-contractors out (not permanent staff) for a Christmas meal?
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New small import business advice needed
Hi, Does anyone know where I can get some advice on tax etc involved in setting up an import business? I have supplier contacts in China who I wish to purchase stock from costing approximately £11,000 a month. This is not something I have done before and obviously need advice on the best way to deal with import duty (even…
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Capital Gains, Moving residence and PPR
Moneysavers I'd like some advice: Scenario Property 1 Currently my PPR - bought in 95 - My PPR until 99 then rented until 2002. Became my PPR once more. Now just started as a tenancy. Property 2 Bought in 2004- rented until 2006(then empty). Now my residence as of OCT 07 (not elected as PPR yet). I am just about to elect…
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rental property & income tax
My OH's dad owns a house, however he transferred the morgage to my OH approx 18 months ago. We live in a rental property, while the house with the morgage in his name is rented out, at a rate which basically just pays the morgage. OH's dad has said that we don't need to pay income tax on the rent we gain from the house as…
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Non tax payer question...
Hi, Sorry if this seems a really obvious question but I am at a dead end in trying to work this out. I also hope I have posted in the right section. I am currently a non tax payer (I'm a full time mother) and a relative would like to give me £10,000 as a good will gesture. My question is would either of us have to pay tax…
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More Useful Sites for contractors
Hey Contractors found some more useful sites for you Umbrella Supermarket Contractor Forum Ir35Calc Contractor Calculator Contractor Money
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Capital Gains on Inherited House?
I have a Capital gains question and hope there is someone on the forum that can help. My wife has just inherited her Fathers house. The house itself is worth about £190k. It has a plot of land at the rear about an acre in size. The probate valuer has put a “hope” value of £60k on the land, as there is a question over…
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Advice in Self-employ tax deductable expenses
Hi all, I'm hoping someone can point me in the direction of a good book, guide, pamphlet etc which details the kind of things you can offset against tax as a self-employed person. I currently am part time employed and also have 2 very small s-e jobs, one doing admin from home and the other as a cleaner. Have been told if…
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Could we get rebanded?
Our Rented property backs onto a local primary school. We moved here in early 2006 and didn't know there had been planning permission granted for the school to be redeveloped. Work commensted in Sept and the area directly at the back of our property (the old school playground) was cleared. As the buliding is going up its…
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Can I carry rental losses forward?
I make losses each year on my rental properties, which always get carried forward when I fill in my self assessment return each year. I have recently sold one of the properties. Can the losses I made on this property still be carried forward with the other losses (so that if I ever make a profit all previous losses in the…
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Car allowance or company car?
Dh has got a new job and has the option of allowance or car. He will be 40% tax payer. He has a nice merc (paid for by the previous employers car allowance) and will be offered a similar type as a company car. Or he can take the allowance which I think is about £500 a month after tax. It would be good to sell on the merc…
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Just got married...
... and was wondering, do we get any tax benefits now we are married. I seem to remember something changing over this? Anyway should I tell the tax man or does it make no difference?? Neither of us are self assessed just in normal employment. Thanks.
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ebay sa tax return queries, which box for what
Few questions please about an ebay sa tax return. Where does ebay fees go is this in 'other direct cost' or 'advertising costs'. Same for paypal fees? is this an 'other direct cost' or a 'finance charge'? Also cost of postage/ packaging, is this an 'other direct cost'? Also, what the about cost of printing out invoices to…
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Council Tax - Is there anything we can do?
We have been renting our home for a year. It's a very small 2 bed detached cottage surrounded by apple orchards which are owned and farmed by our landlord. Our council tax band is D which we have since discovered is very high for this type of property as similar ones in the area are band B. We've worked out though that…
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Can the council tax band my garage?
My parents are considering converting our detached garage into a one bedroom annex for me as I can't afford to get onto the property ladder. We have called the council and they have informed us that planning permission is not required however, it will be graded as Tax band A (around £800pa in stoke on trent). The proviso…
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tax free
my partner has just started working in egypt and earns tax free money how and what account do we need so he can send money home without us having to pay tax at this end?
