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remortgage buy to-let
hello,what i was wondering is can i remortgage a buy to-let property to release equity and use the money for anything i want ? ie: personal use and are their any tax implications if i do so. thank you any advice well app.
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Capital gains tax
About two years ago we bought my parents house ( council house and I paid the mortgage over ten years being honest, otherwise could have taken out a normal loan and paid over 3 years and saved a fortune). About two years ago deeds were put in my name. Now my wife and I are looking to move and as my dad is now on his own we…
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Should I claim Council Tax Refund????
I bought a house in Leicestershire in Sept 2005 that cost me £184000, from average recent sales these now value at about £210000-£220000. Im in Group 'E'. The house was a new build in May 2002 and sold at £137,950. There are 2 styles of 4 bed houses on the estate, ours in group E, the others in group D, although resale is…
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Deferred State Pension - Tax break?
My OH will qualify for state pension later this year. She has a very part-time job but if she takes the pension she will pay some tax as her income will rise above the threshold for paying tax. However.......... if she defers the pension it will accrue interest at Circa 2% above the BoE rate and when she eventually takes…
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Can I Appeal Council Tax Banding If Other Houses In Road Are The Same Band?
Does anyone know if I can still appeal with regard to my council tax banding if the other houses in my road are the same band? I went through all the steps as Martin Lewis advised, to see if I can appeal. My tax band in 1991 should have been a band lower, however all the other houses in my road are the same as mine. I have…
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PAYE refund
can any one please help. HMRC have agreed that my husband overpaid tax of approx £200 over the last two years and are going to adjust his tax code next year to pay him back. We though he was going to receive the rebate as a cheque - the amount owing would be more useful to us as a lump sum. Does any one know if we can ask…
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Well just rung my council..
I am trying to knock us down a band BUT while looking at the bill i noticed the monthly amounts dont tally, even sat on the phone for ages going through it step by step it doesnt tally but to my advantage, the bill is more but they are happy and we are up to date and paid for the year ...my appeal was because going to be…
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Tax avoiding resource?
Can anyone recommend a good and very simple:o book/site etc on tax avoidance? (Thats the egal one right? Not tax evasion!) My interest is in financial prudence if I became self employed and what costs I could claim legitamately as losses etc in a reasonably specialised role. I would of course take professional advice if I…
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childminder tax query...
Hi last year i was able to claim my rent back through my books as we rented, we have now moved and are S/O so was wondering if i can still do the % we rent...anyone know? Thanks
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Customs and VAT - Annoying extra charges!
I've purchased something from USA recently and I discovered not only do Customs charge me VAT and Duty on the value of the item, they also charge me VAT on the delivery charges! This is outrageous and grossly unfair IMHO. Why does the government get away with this? If I was to fly over and carry the item back with me I…
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Dependant relative?
My mother-in -law lives in her own, semi-sheltered, flat. As management charges increase and her savings -and thus interest-dwindle she is becoming increasingly worried. My wife and I are going to pay the management charges of 2000 pounds annually from our own pensions. Can I get tax relief on this? Any advice wuld be…
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UK or Ireland-based advisor....?
For someone resident / domicilied in the UK, with an inheritance consisting of cash, land and property in Ireland and some UK based shares, can anyone recommend if it would be better to choose a UK or Ireland based IHT tax advisor? Or would it make little difference? thanks
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Claiming back PAYE tax with no payslips and wage varying depending on hours worked...
I'm not sure this is the right area of the forum so please bear with me... For the last 2 years I've been a teacher and am now on the correct tax code. Before that, for a year I was studying for my PGCE and whilst doing so, working at a pub for extra cash. Before that I worked 3 jobs (one office, one shop job at weekends…
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council tax rebranding
Please excuse if i am not good at this but i am a first timer. anyone had the same predicament as us we think our banding is to high but we dont live in a house that is anything like our neighbours anyone had a similar situation and if so how did you compare banding?? thanks
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Reclaiming course fees
Hi, I am starting a bookkeeping course to assist in managing my one house rental which is soon to be three. When, if ever, can I put the cost of the course as an expense on my self assessment? P
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Inheritance Tax
Hi new on here and what a good site, anyway the small problem relates to inheritance tax. My 2 brothers and I have inherited my late fathers estate which compsises of cash aprox £270000 and a house valued at aprox £230000 making an estate value of £500000. The cash has been split between the 3 of us not a problem, but the…
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Potential IHT calculation
Hi I help my mother with her finances including potential IHT. I'm aware that unused nil rate allowance from a deceased spouse can now be transferred to the surviving spouse but I'm not sure how this works and, I suspect, it's more complicated than that! My father died about 15 years ago and left his estate, about £200,000…
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Self Employed = Free Car????
My little sister has recently gone self employed and has recently attended a Tax course for self employed people. Basically one of the points she came away with from the course is that she thinks she can reclaim the price/cost of a whole car through tax providing she buys a low carbon emitting one e.g a 1.1 engine. They…
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Council Tax - Statement
Last year, I moved into this place and the council sent me what I had to pay for that year. This year, I have not received such a statement. Is it presumed that I keep paying the same amount as last year?
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How are the monthly amounts for c-tax worked out..
BandTorbay CouncilPolice AuthorityFire AuthorityTotal for Tax BandBrixham ParishTotal for BrixhamSingle Person 75% C £1,006.92 £117.09 £56.40 £1,180.41 £28.36 £1,208.77 £885.31 Above is my council tax band and amounts..we pay £173 per month but cant see how they get this figure? Any ideas..thanks
