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CGT and income tax on house sale
I had a house signed over to me a few years ago by my parents.It was my home before this date and for a time after this date. It is now on the market and am wondering what CGT or income tax i will have to pay on the sale? Thanks for any help given.
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Money as a gift
How much money are you allowed to receive as a gift in any given tax year? Does this change if it comes from a relative? Are both married parties allowed to receive this?
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capital gains tax
my dad bought his house 30 yrs ago £36.000. sold it last year for £230.000. he bought a new plaice for"£236.000 in my brothers name and mine. my dad lives there rent free. does dad have to pay c,g,tax on death or do we when selling
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Where to send my reclaim form?
I forgot to register one of my bank accounts for gross interest, so now I need to reclaim the tax. I ordered the correct form from the HMRC website, but it does not say where to send it to. I have not paid tax for a VERY long time, so have no regular tax office or a UTR. I do have a NI number. I have had a look at the HMRC…
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Are these payments taxable?
We are both in receipt of state pensions and we both got the extra £50 in January. I am doing our tax returns/reclaims. Are these £50 payments taxable?
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off-setting Tax against losses made on an investment
Hi Guys n Gals Wonder whether you bright sparks can give me a little advice, can I offset any losses which I have incurred on an investment against my tax on PAYE? thks in anticipation of a reply!
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Transfer Title Deeds and Capital Gains Tax
A friend of mine is in process of a break-up with boyfriend of about 20 years. They have separated for about a year. They own two properties. Predominantly, she lives in one, and the boyfriend lives in the other. Both their names are on the title deeds of both properties and they want to transfer the titles so they solely…
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Claiming Tax Back - have lost my 'proof' ?
Hello, I made a claim for a tax rebate in April. 4 weeks later I recieve a letter asking for various documentation from 2006 - 2008. After hunting about I manage to get most of the documents they were asking for and I sent that along with other bits and pieces which I thought would help. I sent this in addressed envelope…
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Only worked part of the year - claim tax back?
Next month I will be finishing work. As I have only worked part of the year can I claim some tax I've already paid back as I won't be working in this country for the rest of this year? My recent payslip says: Taxable pay to date: 9126 Tax paid to date: 1393 I am assuming this is for this tax year? I get paid £2308 per…
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Company Car Tax
I've just found out I've got a large backdated Company Car tax bill coming!!!! Has this happened to anyone else, if so, how do they take the money? or is there any advise about how I can pay it back in a way I want to? Also, as I know my p11d's have been sent to the tax office is there anything I can do? Regards…
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Council Tax payments - no bill?
First post, i moved into my first house with my girlfriend on the 1st June 2009. I filled in the council tax form and also spoke to them on the phone at the same time about 1 month before i moved in. I had it vacant for 30 days. However, it's now the end of July and i have not received a bill. Is this normal, and should i…
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Council Tax Discount
Hi, I currently receive 25% discount for being the only adult on my council tax bill. I have been checking my old bills, and have realised that this discount has not been applied on prior tax bills. Can this be backdated? Regards AJH
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Direct Payment Account Number has changed
A warning. I was just about to pay my tax by Direct Payment, but spotted that the HMRC sort code and account number has changed (from what it's been for the last few years). Update, they have details here: http://www.hmrc.gov.uk/payinghmrc/bank-account-checker.htm A pity that there's an inconsistency in the 'Account Name'…
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Income tax - higher rate
Help needed to understand tax calculations. On the reverse on my P2 tax code (08/09) letter it states: If your employment income for the year is more than 6179 you will pay tax as follows: at 20% on the first 34800 at 40% on anything over 34800. . My employer told me that I can earn 6179 + 34800 (40979) before I become a…
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Income Tax Help Needed Please
Hi, I got married in 2007 and until now didn't know that I had to inform HM Revenue. will this mean I have been paying more or less tax than I should? Is there a time limit that I should have told them by? I'm now worried that I'll owe shed loads of money. thanks
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Untaxed income
I apologise in advance if the answer to this seems obvious, but I'm new to this topic and thus trying hard to pick it up as I go along. I've always previously had income tax relating to my main job taken at source by my employer using PAYE, and thus never paid much attention. However, recently I've done some extra teaching…
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Deadline for P60 ?
My partner has still not received his P60 for 2008/09. Is there a legal obligation to provide this by a certain date ? He left their employment on 27th June 2009 and has also not received a P45 (which comes as no surprise seeing as the P60 still hasn't been received.
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Previous employer just will not sendmy p11d!
I changed jobs in October last year, I asked when I left if I could have my P11d up to leaving,. I was told no have to wait till year end. I have asked them umpteen times now for it and also left messages with the company accountant, but still nothing. Is there a dead line they should have to get this to me? I need to send…
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Going from Employed & Self Employed to Limited Company..
Hi Everyone... Sorry for duplicating my post (well sort of) I just think this is a bit more a Tax quesion... From the 01st August I will be launching my Ltd company I have already been in contact with the accountants / hmrc / business link etc.. and have found lots of information and booked on the free HMRC courses. I'm…
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Reclaiming Stamp Duty
I purchased a flat in 2007, for which I paid £1260 in stamp duty, I now realise this was a stamp duty exemption area. How do i go about reclaiming the charge, I have received a letter from a firm of solicitors who doing this type of work in my area but am loathed to pay someone to get back money I should not have paid in…
