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Capital Gains Tax on family home
Hi, After some advice on CGT. My gran signed her house over to my uncle some years ago to protect her from being forced to sell it should she need to go into a care home, she unfortunately passed away saturday morning but her last wishes were for my uncle to split her estate 3 ways (i'm one of the 3), its not a big estate,…
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Student Loans & Second Jobs
Can someone help? I have two jobs, both of which using PAYE. My main job deducts Student loan payments, but my second doesn't as I only earn £2500 in that employment. This seems correct when I read the details that the student loan company issued - that the threshold is applied independantly to each employment. However, as…
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P45 from DWP
Does anyone know how long it takes for them to send it out after you sign off. DD due to start job tomorrow and want her tax code sorted asap.
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Can I claim old expenses?
I have some old expenses from the Tax Year 2006-2007, which I did not enter last year as expenses (long story - I lost the file), is it legitimate to enter them as expenses in this years return ? As I said, they haven't been entered before ? Many Thanks James
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Capital Tax loss on Aerobox
Hi, Had a holding in Aerobox (Lse:ARX) which were suspended and had their Aim listing cancelled on 15th March 2007. I've asked my accountant to claim the capital tax loss but he needs to have more info ie dates etc. I just assumed the 15th March 2007 would be acceptable. Can I claim a zero worth basd on the listing being…
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Please help - tax return
Hi, I have been on here before and asked a question and recieved alot of helpful feedback was just wishing for someone to help me with another question; I worked for ann summers party plan as self employed from sept 2007 - officially oct 2008 (however stopped doing parties at may 2008 - althought i did not leave there book…
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2 Tax return questions (2008/09 only)
Hello, 2008/09 will be my first year submitting a tax return, since I'm a higher rate tax payer (last year I didn't work the full year so didn't qualify). My first question is to do with the online submission. Because of my experience with the HMRC's knowledge of my benefits at work (there was a big mess where they…
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Tax free Allowances 6,035.00
just got into my first job after uni ( dec ) and im a little confused about the Tax free Allowance of £6,035.00 my question is this , if i earn £18000 per year and get taxed at 21%. does this mean ( taking the Tax free Allowance into account ) i only get taxed on £11965 ( 18000 - 6035 ) thank you for any responses in…
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Income tax worries?
Hi there, I have a worry I'm being taxed too much. If I'm earning £500 a week before tax, how much income tax and national insurance tax should be getting deducted? What would my weekly wage be after tax? Thank you.
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Employees travel expenses
Started a new job. Employer was looking for someone in my area to travel to clients in my area and said I would get mileage allowance. After starting, employer said it couldn't pay my mileage from home to place of employment (70 miles away from home). I have to travel to place of employment for training and/or occasional…
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capital gains tax
hi all can i ask question if i buy 1000 shares at £1, and these shares go up to £10 in 6 months, so they are worth £10.000, and i sell them, do i have to pay any tax on the money cheers
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Emergency Tax
Hi, Could anybody point me in the right direction on claiming back emergency tax that i was paying when i first started working? Can it be done online at all? All help on this is much appreciated as i have no clue on what to do :confused: Cherub x
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Benefit in Kind Query
Hi Everyone, When I left my previous job, I received a P11d form regarding the "benefits in kind" I received and I should declare it when I carry out my self assessment. The benefit in question is Bupa Medical Insurance I have been scratching my head for hours trying to figure out where to declare this on the online form.…
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Business Mileage Help Please
I work for Royal Mail and get paid a milage allowance to get from home to work. This is due to an enforced move and will last for 3 years. The rate is 40p per mile for the first 5000 miles then 25p for each mile after that. I was told that I may be able to claim some kind of tax allowance once the milage goes down to 25p…
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Problems fiiling online - who's liable?
I completed my tax return online on the 16th of November in plenty of time for the deadline or so I thought. The calculation done online shows I am due a small refund and have no liability to pay for the 2007/8 tax year. Everytime I click Next on the final step to file the return, I get the message "Your return has not yet…
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REALLY confused about my tax return.
I fill in a tax return because I am self-employed with a little job as well as being full-time employed. I filled in my tax return with one of my ft jobs and my self employed stuff and it said I owed £80. Then I added the other job I did ft employed for about four months over which time i earned 10,985 and paid tax of…
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Do I need to do SA for 2007-08?
I started a business in February 2008, and registered it as an LLP in April 2008. I was sent a request to start filing tax returns in May, but presumably this is for April 08 - April 09. The business has completed one contract, but this was paid for in installments. The first amount was paid in late February, the rest in…
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Quick question about higher tax levels
Hi i am a trader with a high turnover of around 100k per year. Now, out of that i probably spend 75k on stock so even though my gross income is 100k my net is only 25k. Does this still mean i am a higher rate tax payer? Sounds a strange question to ask but i am unsure about this one. Thanks in advance. :o
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Help With DRIVING INSTRUCTOR tax????
Hi My head is totally baffled with tax rules for driving instructors lol. I am trying to work out roughly my half yearly profits and have some question that I need help with. 1. I bought a car for 5000 in August this year on a credit card so that I could pay it off quickly. How does the tax allowance work on this? 2. How…
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National Insurance Contributions
My apologies if this is covered elsewhere - if so please redirect me. After being made redundant (for the 3rd time in 8 years) I am looking into setting myself up as a sole trader but can't find how I continue to make my NI Contributions. Can anyone help please? Bern Tewkesbury
