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council tax query
hi just a quick question does anyone know which 2 months i don't have to pay council tax as i know its only over 10 months but i'm not sure which months we get away with it :p thanks
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advice on new Limited company
hi there, started working under my own limited company. wife never worked - no N I no. i have appointed her as the secretary to the limited company and would like to pay her without incurring much tax on her salary. we have a 3 month old baby and OH not planning to woek for the next 2 years. No comments on the work pls. i…
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Reclaim paye tax overpayment
I have checked my p60 for year 2006/07 and realised I have over paid and am due a rebate of £250 which I have now contacted the tax office for. However, Their website says I can claim for the last five years. Does anyone know where I may get copies of my prevous P60s as I cannot find them. Any help would be much…
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Remortgage Buy to Let
Hi, new to this forum, so apologies if this has been asked before. I have a buy to let flat that I've owned since 82 and paid off the 12k(!) mortgage in 86. I moved areas so it has been rented out since 84. I own another property which I live in and has a mortgage of £70k. I have only recently gone back to work after…
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Tax on Share Sales CGT
Myself and a number of my colleagues work for a company have invested in sharesave schemes over the years. Our Company is being taken over and we will have the shares automatically purchased. I believe that we will have to pay a new rate of 18% CGT on the sale profit as the shares will be paid out in May 08 less whatever…
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tax owes me money but now taken back??
this is for a friend of mine not sure if anyone can help but any advice would be much appriciated my friend recieved a £8,000 tax bill claiming he owes it to them because he was self employed and had not paid any tax. Because he has never been self employed he ended up spending weeks in the local tax office and on the…
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Please explain Capital Gains Tax
10 years ago my mother transferred ownership of her house to my sister and I. We didn't have any valuations done, and as she owned the house outright, we simply transferred the land registry details into mine and my sister's names. She was supposed to go to live with my sister, but for various reasons didn't end up doing…
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Quidco - is income payment in kind?
It has been suggested that I should declare any profits from Quidco to the tax man as they are payment in kind. My view is that they are a negotiated rebate, thus just a reduaction in the purchase price. Any thoughts?
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Helps with wills, (complicated)
Firstly apologies if this is in the wrong place, please feel free to move if necessary I was unsure where would be the best place to post. Right please bear with me this is a bit of a long one. My hubbys parents are quite wealthy and prob have assessts of around 4million. My hubby has siblings and my parents in law plan to…
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Tax Question
Hello there, I graduated from University in June last year and was on JSA for 2 weeks in July before starting my first full time job. Having only worked part-time during my 1st year I'd never really encountered tax until now. I started this job in August last year and have been on the tax code 522L M1 every month. I did…
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Council Tax Summons
We had a letter the other day to remind us that we still owed council tax. So I sent the council an email saying we was experiencing financial difficulties and could they possibly spread the arrears of £322 with the new council tax for this year. They sent a reply back saying they can not do that. And they HAVE to issue a…
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Life Policy Encashment - May Give Rise To Tax
Hi I recently cashed in a Life Assurance policy I held with St James Place. The policy was in joint names with my wife. I've replaced it with 2 separate term policies which are about half the price. So, I've just received a cheque for approx 6800 pounds. I'm a high rate tax payer, my wife isn't (isn't a tax payer at all as…
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07/08 tax return and early planning - more help please!!
hi all again! not been on here for a while and i have a few Q's for you all again.firstly i would like to thank you all for your advice on my last post regarding 07/08 tax return and early planning - help? well here goes...oh and thanks in advance!!! martin. Q1)im on my 3rd vehicle this tax year (all used solely for…
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Company Car Tax with New Budget?
Hi there, I recently started using a company car, purely for business use. I received my amended tax code for the current Tax year up to 5th April 08 and it was as I expected. However for the forthcoming Tax year starting 6th April 08 it looks like it's costing quadruple. Is there anything hidden in the budget which could…
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moving home council tax question
hello, I paid the council tax out right last year and am now moving home after renting. I want to see if the next tenant should be giving me money for the council tax. Is the next council tax due in April ? if so he should be giving me 1 months council tax Many thanks Lee
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council tax - wrongly banded
Hi I live in Wales and believe my house has been wrongly tax banded. My house is 1 of 3 replicas on a new housing estate. The 2 other houses both pay band E and myself has to pay band F. I followed the advice of the money saving expert and as above passed step 1 (check neighbours) Step 2 I checked the value of my house:…
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Reducing redundancy tax
Hi There Hope someone can help? I am about to take voluntary redundancy which is due to be paid out in this financial year on 20th March,2008. Is there anyway anyone can advise on reducing the amount of tax I will have to pay on my redundancy package plus severance pay. I know I will not have to pay tax on the 1st £30,000…
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Council Tax - Court Summons
Hi all - through a slight oversight we missed paying our November and December council tax bills. When we realised this we paid the November one in January and are paying the December one this month. However, yesterday we received a Court Summons for £175 - £140 one month council tax and £35 court fees. I haven't heard of…
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Please Help - Tax Dodging Issue
Hello Guy's, wonder if anyone can advise on this problem. I've already posted this on the DFW forum and have had some responses but have been advised that you chaps may be in a better position to advise. OH's dad appears to have been a bit naughty with his tax returns over the past few years and Inland Revenue are looking…
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How much tax will I get back??
Hi all - I have recently gone backto being a full time student, so gave up work at the end of Decemeber... I was wondering if anyone could calculate how much of a tax rebate I should be looking to get financial year 07/08... Details from my last statement dated 31/12/2007. My Total Gross Pay TD was 7931.57 My total Tax TD…
