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Mileage Allowence please help
hello would it be possible if you could help me, ive never filled in a mileage claim form before so here goes, my mileage for the yr was around 13,000 miles, so i worked out for the first 10,000 miles at 40p and then the rest at the other rate, ive taken off what ive been paid by the buisness for mileage at 0.14p per mile,…
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Deed of Variation
Is it possible to reverse or contest a deed of variation many years after it has been made? A deed of variation was made soon after my grandfather died in favour of my uncle 14 years ago. My grandmother recently died and because of the new IHT rules and the 7 year rule if the gift had been made by my grandmother to my…
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Gifts by attorneys to avoid IHT?
My mother has just been left a widow, owning half the house and some savings which together would be about ₤700,000. My fathers IHT allowance was used in his will, so a hefty IHT bill looms. As my mother cannot manage her finances, my sister has an EPA. My sister has suggested we give ourselves her house and cash assets to…
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Income Tax - different every month!
Why is the amount of income tax I am paying different every month? it is making it impossible for me to budget accordingly. My gross income is 2800.58 per month, my tax code is 65L, in May I paid £541, June was £492.47 and this month £527 income tax, nothing else has changed with my circumstances, my pension payments and…
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Filling out self assessment for craft artist
Hello, this will be my first self assessment have got teach yourself understand tax for small businesses, but was wondering if anyone could recommend a book specifically for artists or craft artists filling out a tax return. I'm having trouble with allowable business expenses. What percentage can i claim on things like…
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Loan to Business
Hi all you tax experts out there, I have a question which hopefully has an easy answer, but I can't decide which way it should be! I have a self employed sole trader business, mainly gardening services, and recently lent money to the business to buy a second hand van. My question is how to treat the loan repayments…
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pension from abroad- untaxed
Lucky me! I have just started receiving approx £25 a month pension from France, presumably untaxed, from when I worked there for under a year when I was 21. I already get UK state pension, occupational pension and a small annuity, taxed. Does this mean I will need to fill in a self assessment form now? Any other snags? I…
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Income tax allowance
Help please on Income Tax rates and allowances. Having read page on HMRC's website it has thrown up a query. My personal allowance is £6475 and if I have, say, £7475 income (from pensions and savings interest) - I thought I had to pay 20% tax on the £1000. Having seen the Income Tax rates and taxable bands on this web page…
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PAYE Tax Overpay - Advice Please x
Hi there I hope someone can help with this:- I filed my 2008/2009 self-assesment on-line today. The Inland Revenue system calculated that I am owed £586. (I was employed for that year and paid full PAYE and NI contributions) I have been unemployed since February and money is really, really tight. How do I go about claiming…
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capital gains tax
Hi all, what are my options please, i want to gift my daughter my house.? can i pay less cgt and how is the cgt worked out??/ many thanks
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Good source of Tax Information in London.
If you get to the stage of total confusion with the search engine results generation years' worth of out of date tax information and want to resort to the printed page; the following Library has a collection of more or less up to date manuals and guides. Only one of them called "International Tax Systems & Planning…
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Council question Mum's right to single occupancy discount
My 84-year-old mother has today received a letter questioning her eligibility to receive the single occupancy reduction in her Council Tax. She absolutely does live alone. I am her only child, live in France, and haven't stayed with her for a longer period than a week. Naturally, we are asking ourselves why the council has…
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Company Car Tax
Hi, Need some help on tax.....I am in sales and have had the benefit of fully expensed company car ie; fully expensed fuel card, this costs around £70-80 a month in tax. Our company has been bought out and we have had our fully expensed fuel cards cancelled and we have now been given company credit cards in our name and we…
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tax and two jobs advice needed please
Hello, just after abit of advice really. I currently have a job working in a bank and i work 4 full days a week but i do alot of travelling. I have been offered one part time job and have applied for another part time job, both closer to home so alot less petrol. My question is will i get taxed the same roughly as my job…
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Self Assessment - Receipts
Hi there, New to the forum so thanks in advance for any advice! Gleaned some great stuff so far but need to pick someone's brain!! I'm a carpenter and I'm self employed for two years. I do my own Tax Return online! I've just been doing my 08-09 Self Assessment Tax return and I've discovered some receipts for tools bought…
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How to receive a contribution to a property purchase in france
I am wondering how best to deal with the following situation. A normal response might be - "go direct to accountant" - but who, where and what type? Any general advice or ideas or experiences would be appreciated. I'm a UK resident. A friend who is a tax resident in France wishes to make a significant contribution to my…
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A bit confused over VAT
Am opening a beauty salon soon and I am not vat registered. To my understanding since am new with my business its better if i dont get registered. My question is since am not vat registered to I charge my customers 15% VAT on the services and products I sell?
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Claiming Tax Back (Tax Rebate?)
A few months ago I started a thread on my Payslip's tax code: forums.moneysavingexpert.com/showthread.html?t=1711095 In short: I started a new (my first) job and didn't fill in a P46 form so was put on the BR tax code. I'd been taxed for 2 months work (£180). Now that I've filled in a P46 form I will find out if my tax…
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capital gains
The personal allowance for 2009/10 is £10,100 the rate is 18% on anything over that amount for each individual. Someone has their own existing home (house A) which also needs renovation. This person is hoping to buy & quickly renovate house B, live in house B and renovate house A. The person is employed elsewhere and is…
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Capital Gains Tax on Renting our My Old Home
Hello, My question relates to making sure I don't get stung for capital gains tax. I bought a house in 2003 for £64,000. In March 2008 that house was valued at £110k, though I can't currently find my local estate agents valuation. I lived in the house until June 2008, at which point I moved out & rented the house on a…
