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Cutting tax

Archives for October 2008

some tax help please???????????
hi, ive just left the royal air force but im still getting paid by them until jan 09. im about to start a job in germany next wk for a british contracting company, and ill be paying german tax but british national insurance. ill now be receiving two incomes for a few mths so will i get taxed more and how can i beat it?…
Tax on US Shares
In August I purchased a number of shares in US companies through my Bank. I am not sure if I have to pay tax on this investment. If anyone could help that would be great!
Has tax gone up?
I just got my payslip and it is exactly £50 less than last month. On further investigation, it's gone out as Tax Paid. What's going on? That's quite a lot of change. Tax code and basic pay is exactly the same. What news am I missing?
60 pound refund for those recieving age allowance?
my elderly mother gets age allowance but is still a tax payer.She hasnt had her 60 pounds rebate.Does she qualify or has it been allowed for by the tax band changes for oldies
Claiming tax back?
From January to March 2008 husband was working and was emergency taxed for the 3 months. Then he starts new job in May 2008 and was emergency taxed for the first month. Howw do we go about getting these 3/4 months tax back? He hasn't had any tax monies back on his wage slips, could it be that he's not due them back or do…
Sale of second property - Capital Gains Tax liabilities?
Hello all, I purchased my first property in September 2005 for £58,500, which I lived in until June 2007. Immediately prior to moving out, I re-mortgaged the property to the value of £69,000 to release some equity to put towards my second property. I purchased my second property later in June 2007 and still live here…
Temp Move to Spain - Who Do I Pay Tax To?
Hi There! Say I move to Spain for 90 days, and am paid by a company outwith the EU - who do I pay tax to!? Thanks in advance for any advice... :T
Swift Bailiff at door - council tax not paid!!
My parents moved from their previous address and had arrears on council tax, however at their new place they are on time with payments, then the baliffs turned up out of the blueand my dad in his late 60's on high medication answered the door signed an agreement of walking possesion?!.... I spoke to the council and told…
What gifts are tax free?
Does anyone know if there is a limit on the amount of money that one person can give to another as a gift without it being treated as taxable income? Or is any amount considered taxable? Does it make any difference if the gift is between family members or not?
Council tax summons, but CT is being paid
Not sure if this is the right board, but here goes: I took over the tenancy of a property on 1st August, but didn't move in till mid-September. I got a letter from the council asking to set up CT payments, and a form for single person discount. Duly returned all the forms on 6th Sept. They set up a direct debit, and the…
Business Milage? Claiming it back?
Hi I saw apost about this on another board so thought I would check over here for clarification.. My Husband does a lot of business miles which his company pay him a measly 20p a mile for.. However he does get about £100 a month which works out to 500 miles a month ish. Apparently he can claim back the other 20p per mile…
Tax dilemma
Hi, My housemate has a tax dilemma. She (like me) is an Australian living and working here on an ancestry visa. We both started working in London in September 2006. She works through an umbrella company (Futurelink??? I think?) and got the accountants they use to do her self assessment for the 2006/07 tax year (didn't work…
Please help! I'm a full time student but have to pay council tax
Hello, I'm really hoping someone can offer me some good advice. I'm a full time student thus exempt from paying council tax. I'm moving into a new house in a few days with two people who work full time. I was quite desperate when I took the place (I had already seen 8 and had just over a week to find a place). My point is…
Tax and a 2nd Job
Hi Everyone, I would very much appreciate any advice anyone could give me on this matter. I am currently in full-time employment earning £26,304 and am considering taking on a second job (at night) that pays £25,000 to help me save up for a deposit. But I'm rubbish at working out tax. My question is how much tax would I…
Tax implications
My husbands father passed away in April and we have been trying to sell his property since then. due to the current market, we have only had 2 viewings and no sale, as a result the house has dropped in value by about £30,000 so we have decided to take it off the market and rent it out. My question is are there tax…
Council Tax Problems
To cut a long story short, I got into trouble with my council tax earlier this year. We missed our first two payments in April and May but paid 3 instalments at the beginning of June to "catch up". However by then a summons had been issued. Following this I contacted the council to sort it out and agreed that I would pay a…
Tax - They penalise you. Can we penalise them?
Hi everyone. I know that you can get penalised if you fail to complete and submit a tax return on time. Now: Is this one-sided or can is there a similar obligation on the Inland Revenue to provide information in a timely manner? In September '07 I had a letter claiming my child tax credit had been overpaid to the tune of…
Running late on paper return....
Hi, As usual have left it to last possible minute to complete my return... I've always done the paper version because I thought with online you had to do your own calculations of tax due and there was a fine if you got this wrong and underpaid. HOWEVER, it seems to say on some paperwork that if you do it online they do the…
Void period letting a flat - is this a loss on tax return?
Hi, Sorry, probably a dim question, but when you have a void period (when flat is empty) when letting out does this count as a loss and is it shown any where on your tax return to count as a deductible against letting income? Many thanks in advance for any advice.
Why does tax have to be so taxing!
OK so this may seem straightforward to some but im struggling here... Bought a flat 8 months ago with the idea of renovating to sell on... but 3 months after finishing the market started to slide big time so I thought I would rent it. So have 12K or legal and renovation costs. On top of that insurance, mortgage to repay…

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Cutting tax

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