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Council Tax Band... .
I know this has been asked before and I've also been trying to read through the council tax leaflets trying to work it all out, but I'm slightly baffled. My girlfriend and I (who are both working) will be sharing a flat with two students. Will we get a discount...? Realy hope someone can help. Thanks!
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Ongoing battle with HMRC on tax credits overpayment
I am about 9 months into a battle with HMRC where they are trying to claim back from Tax Credits from 2005-2006. This is not as straight-forward as some of the complaints that people have had in this area, so I wanted to try and get some feedback from all you smart people. At the time, I was not earning a salary as I was…
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hi newbie to paying tax would love advice
Hi I am unsure what I need and should do so would appreciate any advice. I will try to keep it short. I started selling on ebay as a bit of a hobby and it soon grew much bigger than I expected. I have a full-time job (I earn around 36k) and do this in addition in my evenings etc. I buy and sell on ebay. I have a large…
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Giving Parents Money Is Taxable?
hi all, Sorry if this is posted in the wrong place. Let me be as simple as possible. I transfer money to my parents (several hundred every month) Doing some calculations I could end up paying them over £5k a period of one year. Does this money get taxed and if so what is the best way to get around this. Sorry if this is…
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captial gains tax
Hi , can anyone help please my son rents out a property and would like to put is mothers name on on the deeds of the house as one day she and i can live there many thanks
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letter to council template letter?
please help..... has anyone got a template letter to send to the council asking for debt to be taken back to them and to offer to pay them monthly payments. also a budget document template to show them (a list of all my outgoings) please i need to write to them as i want to pay monthly for my council tax as i got behind…
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BTL joint income query
If a married couple own a BTL on a 70/30 tenants in common basis, and elect to receive the income in the same proportion under Form 17, how does the Revenue want expenses apportioned? Currently the property has a very small mortgage, which is in the name of the wife (currently the sole owner) who would be the 30% owner…
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Early retirement - any tax cutting tips?
Hello gang! I would be grateful for your advice and comments on my specific query and situation. On 19 October 2007, I took early retirement from employment on medical grounds. As part of this, I will receive a pension of £5100 (approx.) and a lump sum of £15100 (approx.). I am just about to send the confirmation of my…
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Tax deduction for professional membership fees?
Am I correct in thinking that I can deduct tax for professional membership fees? Or am I talking rubbish?? I belong to four learned societies as part of my job, and pay the membership fees (£50-100 each) out of my own pocket. Can I deduct this from my income tax bill? If so how? My income tax is deducted by my employer - I…
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is capital gains tax 18% set in stone
hi about to put ex rented property on market in new year, but want to check the cgt as from 6.4.08 will be 18% I know it was proposed but can't see on gov site anything to confirm it has been passed,
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Inheritance tax - how long will they take!!!!!
Following my Grandmothers passing I sent off all the inheritance tax details and forms to the tax office via our solicitor, back in January and am still waiting for a reply of any sort??? Is this normal?? Should we not at least have had some form of receipt. Our solicitor does not seem overly worried but i am totally…
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Its my only property - Surely there is some way of avoiding CGT??
Hi all, I know you get a lot of CGT questions on here, but Ive read many of the other threads, none seem to match my situation, so any advise would be greatly appreciated Here goes. I attempted to get on the property ladder a few years back, but only at age 20 and not earning vast amounts, the only mortgages open to me…
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Reduce saved tax by spending
I'm currently self employed with my income fluctuating each year, this year i have paid my tax and tax on account but have earned much more this year. i currently have approx £15k saved for my tax bill Jan 2009, i would like ideas you may have on reducing my tax bill, I'm in 40% rate I have this money in wife's savings…
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Capital gains tax, Im confused help please!!
Sorry if this is in wrong section! Here is the story - We moved to your house in 1992 as tennents, the owners sold it in 1996 for £45,000 to my father in law as we were unable to get a morgage at the time. He signed the house over into our name in 2002 (Value approx £150,000) Who pays capital gains tax? I know he has to…
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Spanish Tax
I currently hold shares in Iberdrola who took over my employer (ScottishPower). These shares are locked in via a share save scheme and are subject to minimum holding terms. However even when they do become "available" I am told that I will have to file a Tax form 210 with Spanish Tax authorities. Has anyone any experience…
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Connected persons
Does anybody know what the connected persons tax issues are? I have my own Ltd Co and work away from home a lot. Currently I use a personally owned motorhome for this. I only claim the mileage at 40/25p per mile (which at 20mpg means I make a loss) for this. I'm taking all the depreciation etc personally as well as pating…
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Bellway (South East) Ltd - One Bedroom Semi-detached house
I should be grateful to hear from any Architect, Surveyor, Builder, Bellway Admin Staff, Construction Workers, Brickies, Cement Mixers, their relatives,friends or colleagues who can remember the building of a Bellway(South East) Ltd ONE BEDROOM Semi-detached house anywhere in the Greater London area between the early 1970s…
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Not Tax but NIC's, the 30 year rule, studentdom etc.
So I am basically finding myself more than a little peeved by the nature of the system. Firstly, the number of NIC's required to get me the lowly state pension. At the moment it has been stated that up to 2046 the retirement age will be 68. Now we are only required to put in 30 years of contributions. This is would suggest…
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second job -more tax ,can I get rebate
Hi In august I got a second job my tax code in my first job is the general single one (522l or something) I pay a higher rate of tax in my second job and will combined with F/Tjob only reach at most prob £20k. Is there anyway of getting a reduction to the normal allowance in my second job and get a refund :confused: any…
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Discretionary Trusts and Increased IHT Thresholds
I am trying to advise my mother on a difficult situation. My father died in January, and under his will 51% of the family home (of which they were tenants in common) is now owned by my mother, and 49% in a discretionary trust split between 5 children. The trust arrangement was only inserted into the will a few years ago,…
