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Ok I want to lease out but I'm confused..help??
Hi folks, I had a fire last year and just had my flat re-done, in that time (almost 1 year) I have met someone and moved in with her:D . Her company pays for her accomodation as she is an ex-pat working in the oil industry. I want to rent out my flat and I have registered as a landlord and sought my mortgage companies…
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Income tax on second job
I have to jobs. When i started my new job i told them I was Already working and have never given a p45 in as my other job has it.Last night I was working out with my father some salaries for a new second job ( I'll be leaving this one end of october).He noticed that my tax code was the same for both jobs 603L . He said…
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How much money can you give away ?
Hi, My old Mum is 76, lives on her on in her own home on the state pension plus about £15 a week from a private pension. She doesn't get any benefits because she was silly enough to scrimp and save all her life and has about £35000 in the building society. Is there a way to legally reduce this savings level so she can…
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Emergency Tax issues
:money: Please can someone help me to calculate how much I will take home in my first month of my new job as Im concerned about paying my mortgage and bills as I will be on emergency tax for my first month. My annual salary is 45,000 Many thanks!
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Is it worth working 3 days on minimum wage
Hi, We have just had our first child and my partner is considering going back to work part time. The position she has been offered is working 8 hours a day on 2 or 3 days. She will be on the minimum wage. What I'm trying to work out is if it's worth her working 3 days instead of 2 from a tax point of view. This is what…
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Tax Advice Please
I am a PAYE employee currently on the standard rate but will move into the higher tax band if not this year then certainly in the next tax year. My wife is a non tax payer and most of our liquid savings are in her name and registered for gross income. We also have a 16 year old son who is registered for gross interest…
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Totally Confused with Tax codes
Can someone help??? P60 year 2007 -08 final tax code 522L P2 2008 - 09 issue date May 2008 tax code 760L which replaces 543L Filled in online tax assesment - refunded £960 P2 2008 - 09 issue date Oct 2008 tax code 603L which replaces 820L PAYE coding notice states I now could owe since April 2008 £433. No tax code seems to…
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Placement Year
Hello I have just returned to University having taken a year out to work in industry. My placement began in June 2007 and therefore finished towards the end of June 2008. When I left the company I was given a P45. I subsequently went to work for a previous employer so gave them the P45 when I started work. As I only worked…
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State pension taxation
I have just turned 60 and received State Pension for the first time half way through the year yet the Revenue have decided to estimate the amount of Pension I will receive for the year is for the whole year i.e. XXXX instead of YYY. XXXX being the higher amount and reduced my allowances by XXXX. Can they do this? I did…
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Question about P50
I have left work to go to university and was advised to fill in a P50 to reclaim overpaid tax, there is a section about earnings since leaving employer named in declaration but I have no earnings since leaving work so do I leave this blank?
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Offsetting offshore interest v pension tax relief
My wife moved to Guernsey when she was 11 (1989), she subsquently went to University in the UK 1996-1999 and started work in London in 2001. She has always had an offshore current account in Guernsey, registered at her family address. she has been a higher rate taxpayer since 2003/4 and we calculate that she is entitled to…
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Taxing question
Hi I'm about to be sued by my former employer for breaching my employment contract by not giving enough notice.I thought I had a case for constructive dismisal put when I saw a solicitor he said that I would have very little chance of success. My former employer has now got someone else in on a lot more money plus hotel…
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Goods in Transit insurance - really cheap!!
These people are not a call centre ! I ound thm really helpful - even to the point of suggesting I DONT cancel my motor insurance witout checking what my existing insurers would charge!! They were right!!! However there Goods in Transit Quote was so cheap!!!! They were helpful but n ot aggressive!! Call them…
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How to use losses from previous years to reduce CGT?
I sold shares in summer 2001 and made a loss. I didn't declare the loss in my tax return at the time. This year I will make gains greater than £9k, can I use the earlier loss to offset the gain even though I didn't declare it originally? How do I declare the earlier loss when using TaxCalc? Do I simply include the figure…
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Where to send P87??
Hi, I have completed my P87 now where do I send them, is it to my local Tax office or the tax office near to my ex employers head office?:confused:
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self assesment online
Hi wondering if anyone may be able to offer some advice..I recently filed my self assesment for tax year 07/08 online.Now in previous years ive done it paperwise and sent it however during that tax year i wasnt self employed and worked for a company on a PAYE scheme and earned way under the personal allowance for that year…
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whats the dead line for cgt on property sold
isold my empty shop and premises above in october 2007 a year ago i am self employed and do my taxes online have i got till jan 31st 2009 to sort this out because i do it online or have i got to do it by the 31st of this month cheers any help please would be greatly appriciated:eek:
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Tax allowance
I have a job that pays quite well but as mine is the only household income it barely covers the bills so I occasionally do some freelance work. I am a higher rate tax payer but as my wife is not working can this money be placed against her tax allowance (ie recorded as her earnings)? Or do I have to declare it as mine and…
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National Insurance Mix Up
I was checking back on my P60s from last year and because I had two jobs, one of which was taxed at basic rate, I thought I may be due a rebate. I called my tax office to check with them and ask them how I should go about it. They asked for my NI number and name etc but could not confirm my details. Turns out that my NI…
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BR tax code, please help
Hi, In april 08 I left a job where I was employed for 6 months and never received my P45 only P60.. In June 08 I was contracting for 3 weeks. On 4th Aug 08 I started a new job and have paid £300 extra in tax because I discovered today I am on the wrong tax code - BR How do I HMRC to put me on the correct tax code in time…
