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Council Tax What value location - Anyone help?
Hi all - new member so bear with me! How much is location a factor in council tax banding? I ask the question, because my house could be calculated to be in the right band from 1991 via the Nationwide price calculator (although it was built in 1996!). While my neighbours bands seem appropriate, identically built houses…
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Council Tax Rebate Query
Can anyone answer me this : I exchanged on a flat October 24th 2007 and did not move in until December 17th 2007 as first time buyer and had NO furniture so it was completely unfurnished and unliveable until Dec 17th. I informed the council who said i would need to send proof of deliveries and electricity meter readings…
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Cgt Calculation Check Please
For those who understand this horrendously complex tax! Background: Mum's house gifted to my brother and I in equal shares Oct 1988. Neither of us have ever lived in it, she always has, both married. Brother and wife both 22% taxpayers, me 40%, my wife nil but with £1000 interest from savings in 07/08. Am aware of sitting…
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Unfair Income Tax !
After a 9 year dispute my employers are to pay me arrears of income. I`m told that I shall be taxed as if it were earnt in one year. Therefore I`ll be pushed into the 40% bracket whereas much would have been taxed at a lower rate if I`d been payed on time. I`ve also lost interest had I saved it. Can the IR make concessions…
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Inheritence Tax or Capital Gains?
Hi guys, I'm hoping one of you gurus can advise me on something? My grandmother is getting on now and has agreed to transfer her property to myself and my brother. The property is worth around £250,000 - 270,000. Now she resides with us now due to poor health. We have decided to let her property out. What I am trying to…
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I'm a student- should I be paying tax on my wages or savings?
Hello. I'd appreciate any comments or advice. I have a Premier Direct Account with the Alliance & Leicester. I'm not certain but I think the rate is about 3%. I'm currently a full-time student at college with a part-time job. Both the monthly installment of my student loan (£380) and my monthly wages (£380) get paid into…
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tax rebate while on jobseekers
hello im new, i need some info please this year i have earnt 6100 through employment, i have paid just under 900 in tax so i think i am due a refund. used an online calc and its about 750 due back i think. i have phoned my tax office and they told me that as im claiming jobseekers that the jobcentre would pay it to me and…
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Tax reclaiming for dummies
:wave: I've read other threads on this topic but am still confused so I'd be very grateful for a nice clear explanation of what I need to do to claim back emergency tax I've paid. Basically, I'm a student. I've earned about £2000 this year so I'm well below the limit. I do random bits of work during termtime so I haven't…
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tax refund how much to expect
i started a new job as a teacher in september 07. i have had lots of problems with my tax as i did some temporary contract work in the summer, the company i worked for do not provide a p45 and so i have been on emergency tax all year and have only just got my new tax code. just wondering if anyone could help me work out…
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Just Became A Higher Rate Tax Payer - What Do I Need To Do?
Hope someone can help, or suggest some links. Due to a bonus and overtime, I've crossed over the £34,600 limit and am now into higher rate tax payer territory. This is going to affect things like the amount of tax I have been paying on my bank interest, but also my contributions and the tax relief on my pension. Does…
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Cash gift from parents - most tax efficient way?
My parents want to gift 100,000 pounds each to myself and my sister after the sale of their house. We are both in slightly different situations. I 'm living in the US for a couple of years (and liable for US tax) and my sister lives in the UK. I wonder is somebody could please advise the most tax efficient way of doing…
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Council tax rebanding-not sure where to start...
I have read through all the info on here and seem to be going round in circles.Basically we have just bought a S/O new build house which is built among many others and on an old holiday park. The surrounding houses inn the next rd are ex council or still currently and 2 beds the same as ours..ours is bigger and has drive,…
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Council Bandings
Hi, Just a thought, when you try and find out if you are in the right band, don't forget that you would have paid a premium if you moved into a brand new house, so I would suugest that you ignore the price you paid for your house and go by what It is worth now.If I work out what I paid for my house and work it backwards it…
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Newly found assets and IHT
What happens if assets are identified years after a person died (eg through the new lost accounts register) especially if the estate was liable to IHT and all the returns etc have been made and the IHT settled in good faith? And what if the person who would have inherited has died since as well and again their estate all…
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Migrating to Italy
I hope I have this in the right forum. Basically I hope to live in Italy for five months working as a tour guide. I am a UK resident for the rest of the year. I would like to remian in the UK tax system; it has a double taxation agreement with Italy. I also have to fill out a 'Leaving the UK' form and a 'self-employed…
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Emergency tax
hi all, Ive had one pay from my new job and i paid emergency tax, can anyone tell me what i need to take to the tax office to clam this back please and thanx Nic
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New personal allowance for 2008-09
I was just curious as to who would be adversely affected by the abolotion of the starting rate band next year? Assume someone earning National Minimum Wage of £5.52/hour, working 37 hours per week, total annual income of £10,620. Total tax bill 2007-08 is £919. Total tax bill 2008-09 will be £1,037. An increase of £118.…
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Pension, salary & Two different tax codes
I've been notified by HMRC that my Pension tax code will be changed in April '08 from 577T to 543L, now I know what this means in alowance terms - I'm going to be worse off! However I also have a Salary with a tax code of 522 M1. Can anyone tell me, 1/ If HMRC are aware of my two incomes, why are the tax codes different?…
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Council Tax Liability Order (Duration question)
If a Council succeeds to obtain a Liability Order from the Magistrates Court, in relation to a Council Tax for a domestic property : a. Is the laibility order effective only for the current financial year (billing period), or does it remain effective and actionable forever after? b. If the Council Debt is paid off in full…
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Council Tax rebanding - have I done it right?
My flat is apparently a band B, which I always found slightly hard to believe, so I followed Martin's instructions and checked what bands my neighbours are in (I live in a block of six flats - they're all one bedroom and the same size). Sure enough, 4 out the 6 flats are band A - only mine and one other have bizarrely been…
