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Capital Gains on property query
Hoping for some help as the govt forms are a bit confusing. I am trying to work out how much CGT I may need to pay on my property. I bought the property in December 1999 and lived there until June 02 when Work relocated me so I rented for approx a year and a half. I bought and moved into a second property in March 04.…
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Paying Tax as a Self-Employed Worker
Hi all, My wife and I have recently started out in a Job but earn under the tax bracket of £5000 odd. Can we still claim back for travelling expenses and other work related costs. I would be very happy if somebody could help us in this matter. If not, then can I just link the 2nd income to my current one and then claim…
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When should a P45 be issued
I am due to leave my present employer on the 31st Dec. I have just received a P45 detailing my earnings and tax to the end of Dec. However, as I am paid in arrears and have redundancy payments outstanding this is not my final earnings position. Never having been in this position I am unfamiliar with the sequence of events.…
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Nation Insurance Exemption Certificate
In October this year i applied for a National Insurance Exemption certificate due to low earnings. I had not heard anything after six weeks so I phoned the National Insurance contributions Office to find out what was happening, they told me I would get the exemption certificate, but this morning I received another…
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Car allowance help please......!!
Hi, I am currently emloyed at a wage of 32K. There is a possibilty of a car allowance which would be £450 per month. I currently use my own car and the milaege is payed at 40p per mile. I probably would do around 10000 miles per annum business. With the car allowance, this would drop to 12p per mile. Please could some kind…
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council tax
Hi everyone. Im after some help. This may have been dealt with before but havent got time to trawl through previous posts today, sorry! I've had a notice today from the city council re council tax. It says we owe £160 from 2001 under a liability order. This was a previous address. We are sure that we owed nothing. We gave…
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Am I being charged too much Income Tax?
Hi I started work 7 weeks ago and didn't know much about income tax. I have a casual 2nd job too, which is irregular. Now, I know that the government takes some of the money each payslip, but all my colleagues have said that too much is being taken from mine. :huh: I read some information from www.direct.gov and the amount…
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P45 does not have the right total
Hi, Tax query from a new worker! I recently moved jobs. The firm I left issued me with a P45 and I then gave this to my new employer. However a month later the firm I had left issued me with one extra payslip for holidays I had not taken. The income from this payslip was taxed but is not on the P45. Now I keep all my…
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Claiming for work-wear.
I'm currently working for a large caravan park and in the course of my work I regularly wear safety clothing and equipment, such as boiler suits, wellington and safety boots, safety helmets, etc. . My firm doesn't actively supply any of this, other than gloves and safety glasses. If I purchase any safety equipment for use…
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What is possible with Car Allowance?
Hi, I have read several car allowance threads and still am unsure about it (bit thick). I am being offered £4500 car allowance. - I'm a basic rate tax payer. - They are saying that the customers site where i have to go every day will be my base (so they won't pay me any subsistance or mileage etc.) - I am not probably…
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what form do I need
Hi! I used to work in a shop 16 hours at £5.70 and so didn't pay tax. From March-Oct this year I had a different job and earned approx £7700 during this time which I paid tax and NI on. I didn't like this job so returned to my old one, on the same hours but at £5.90. The 3 payslips I have had so far I have been taxed,…
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can I reclaim tax at source paid on mortgage interest
Hi I'm looking to remortgage my residential 18 year long interest only mortgage. if i remortgage the property as a buy to let, can I recliam all the tax paid at source previously paid over 18 years previous interest payments. regards markdirect
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Is work ripping me off?
Sorry but i could not find the correct thread to post and this looks the most suitable. The current job i am working is temporary and i;m 18 and its my first job so i;m not exactly knowledgable about how everything works so please be informative ;) I work weekends sat & sun sat = 5.80 per hour sun = 8.99 per hour I dont…
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"Green" car tax relief closing soon.....
Just a timely reminder..... If you are self-employed, or run a business, and buy a new "green" car before 31 March 2008, you can claim 100% capital allowance on your expenditure for the first year. For example, if you spend £10,000 on a new "green" car, and you are a higher rate taxpayer, your tax bill will be reduced by…
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Help with my council tax band?
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Council Tax - Grrr! *Long rant*
(NOTE - I have just written all this out once, it took me a long time and when I went to post it I'd been signed out! Argh!) so here goes again... This is my first post. I have read a lot about council tax etc on these threads but can't find anything that really helps me in my situation. I'll start at the start - 8 months…
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BELLWAY - 2 or 3 BEDROOM HOUSES - Greater London Area..........
Grateful to hear from anyone who knows of a BELLWAY 2 or 3 Bedroom Semi-detached house in any location in Greater London Area. Reason for requesting this info is to try and make a comparison between my tiny ONE BEDROOM Bellway semi and any other Bellway Semis in the Greater London area - say E1 to SW20, and use any info…
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Tax query - I dont understand! :(
I recently [Feb 07] changed jobs to one which paid 4k a year more. I changed over halfway through the month which meant I had 2 weeks with my old employer and 2 weeks with the new. I tried to calculate what I'd get from my old employer and I got that near enough to the £1 so i'm sure that tax is correct. For my new job I…
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capital gains tax,how do avoid it..
recently bought a house,done it up & rent it out. now iv decided to sale it.ok bought it for 121k & now been offered 140k. not sure if im rite,but to avoid it do i have to live in it for 6mnths to avoid the tax,if i dont decide to live in it,how much tax would i have to pay. thanks for replies,o if u reply pls reply in…
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What can you write off against tax while on PAYE?
Hi - I have a couple of questions but first let me outline my situation: I am a full time employee on PAYE. My home office is in Surrey although for some time I worked overseas. I returned to the UK in April 06. I live in Northern Ireland (i.e. UK) and essentially commute on a weekly basis to England, flights and…
