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Income tax
not sure if this is in the right place,but here goes. My son appears to have paid too much income tax for the year 2008-2009 His earnings for the year were £8,425 his income tax was £1,497. Does this look correct, any help would be appreciated. Thank you
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Mr Dog's estate goes to Belfast.
I don't know if we have an insider or former insider from the Capital Taxes office on this board who can shed some light on the latest letter from HMRC.
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Milage claim
I recently sent my milage claim in to be paid. My employer pays me 20p a mile so I sent a claim for the difference another 20p. Question is this do I get the full amount back from the tax man or just tax relief on the amount? I'm getting £3.00 a week by a higher tax code is this correct? I had a cheque for 155 10 weeks…
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Can my uncle transfer his property to us?
Hi sorry if this type of question has already been asked before but i've looked in the threads and cant see anything. My husband's uncle wants to leave his house and approx 41 acres of land to us, but he wants to transfer it now so we wont have to pay inheritance tax - the estate is worth approx £500,000. We know about the…
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Out of town expenses?
My husband is currently working for an employer. He does many miles every year, some of these miles means he ends up staying out of town. At the end of the financial year my husband puts in a claim to the Inland Revenue for expenses due to his job. Fuel allowance, tax and insurance of the vehicle that sort of thing.…
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Company car vs Car allowance - which is better
Hello, Hope someone here might be able to help me. I'm about to start a new job and have the choice between: * A company car provided for me (certain type of car from a selection with everything paid for except fuel) * A car allowance of £6,350 taxable. Does anyone know how to work out which is the better option? I'm…
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Regular payments to parent
Can anyone advise me if we will be hitting any tax or legal issues here (I hope not and cant see any myself!). My father has recently recieved a tax free pension lump sum payment as my mother passed away recently. He however will be on a low income. He wants to pass me the lump sum cash amount and then I pay him a small…
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Why income tax band change ?
Hi all, I've just been looking through my payslips and have noticed that my tax band changed at the beginning of June. I had been on 132L and in June's payslip it said 92L. I've only just noticed as I was trying to work out why i'd been paid about £20 less than in May. I don't know whether it's to do with changing jobs…
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Tax implications of setting my wife up in business?
My wife wants to start an Ebay business and I have said I will help her. We're in the planning stages but the relevant facts are: 1. I will give her a few hundred quid to buy stock to get her started. 2. She will use my Ebay account (because of its positive feedback history) and therefore customer payments will go to my…
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Property Tax - Revenue or Capital Expeniture - Help!!!
Hi Can anyone help???? I bought a house to rent out, and although if was dated it would have been OK to rent out. I decided (because it was empty and because I wanted an easy life later on to replace old stuff for new. So it was rewired/new boiler, kitchen, bathroom and redecorated. I've read some tax books and it seems…
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Bank Assets Seized by Treasury
Hi and apologies if this is in the wrong place. I posted the same query is on the Banking thread this afternoon and it has had 63 views but no answer, so I'm wondering if someone here may be able to advise. Background To cut a very long story short my OH had a little one man IT Contractor Ltd company which ticked along and…
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How does the first £6,000 tax exempt actually work???
For the last 1year i was self-employed in a job where all my income was tax-exempt. And when i used to sell on ebay while at college and stuff i didnt declare it for tax anyways as i just dont like wasting money that ive earned and need. :rolleyes: So ive never yet had to pay any tax. Ive now started a normal salaried job…
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Do we pay CGT selling the end of a garden?
Hi, I have had a substantial offer on the bottom part of my garden well over the CGT allowance. This is my main residence so if I were to sell the whole house I would not need to pay CGT, but as I am keeping the house and only selling part of the garden, will CGT be payable? Any help appreciated. Colin.
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Part time work, at school, will i pay tax.
My daughter has been working part time for a few months now, she doesn't pay tax, she has been at school thru his period. However, she has been informed at work that she will be eligible for tax once she reaches 18, which will be in September. She resumes school in September sitting A2, will she have to pay tax on her…
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Tax on income from Gibraltar
I receive income from a company based in Gibraltar which I have always declared and paid income tax on. The company in Gibraltar has told me that I should not be paying income tax on the money as money from Gibraltar is tax free? Anyone know who is correct?? Butlinsmum x
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council tax
i didnt no were to post this so i though i would do it here , well i got a letter frew the post today sayin my partner need to go to court this month because we arnt payin are council tax welll i pay 20 a week its all i can afford u canrt pay more than wot u can afford its really got on my nervs they are so greedy my…
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Can I stop paying tax mid-year?
Am currently working in job which, if I'd stayed in post for entire tax year, would have had me earning over the personal allowance. However later in the year I will be significantly reducing my hours and returning to full-time education, and it is therefore certain that I will earn less than the allowance. My question is…
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Delay declaring income?
Hi, I do a bit of freelance web work aside from my 9-5; during 08/09 I got paid early for a job mid march rather than after the new tax year as I expceted - is there any way I can avoid havig to decalre this in the 08/09 return? Thanks
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Business Start up Structure - Tax and NIC
Hi, Having trawled through the HMRC and Business Link websites, I just need some clarification and input from people with more knowledge out there than I have! I am a web developer and have one large client that pays a monthly maintenance contract of £1000 to me. I will also conduct other work and will probably receive £3k…
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Can I claim tax back from 08-09 tax year?
Hi, I started working in December last year (2008) and my tax code was 603L. From June 08 until december 08 I was claiming JSA and that totalled about £2000. My earnings from my job up to the end of the tax year April 09 was about £2700 and I was taxed £207. I left my job at the end of May and the tax I overpaid from the…
