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My mother's situation
My father died more than 10 years ago and paid tax of 130000 on his estate of 675000. My mother has now sold their house and cashed in some savings which she is going to split between us three children so that she can come and live with me abroad in Portugal (but we are all English). Her inherited estate is now worth about…
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Info Required On Company Pension Lump Sum Tax Implications
Having just been made redundant on 30 June at age 51, I’ve been given the opportunity to take my company pension albeit actuarially reduced. My question is around the company pension lump sum, which I understood to be tax free. The "pension options" letter from my employer states “… if any lump sum is not paid within 3…
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Ebay help please!!
I have decided I think I need an ebay business account as I sold a few things recently which were successful, (only made about £40!) and would like to do it again. However, I am a nervous sort and have seen I should register with a business account and self employed if i want to do this. I just had a few queries about how…
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Dealing with Dad's Estate
Hi All.............not sure if I've posted queries in right forum so MSE pls re-direct if neccessary We lost our dad 3 weeks ago and are now in the process of trying to sort out dad's estate. This is made difficult by the fact that dad didn't openly share "his paperwork" with anyone sadly including mum. We have a few q's…
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Annual Investment Allowance - Have I Got This Right?
I've just registered as Self Employed, doing some web design in my spare time in addition to my fulltime job. Am I right in my thinking that... 1) I'll get a tax return sometime after April 2010, asking me how much I've made in turnover this year? 2) It'll also ask how much I spent in the course of business? 3) I get taxed…
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Time taken to repay overpaid interest.
Hi, I previously asked on the board how and where to reclaim overpaid interest on a savings account. I was pointed toward an office in, I think Leicester and duly sent off my claim using proper form recorded delivery. This was 6/6/09 and it was delivered promptly. My question is, bearing in mind the difficulty of getting…
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I've Received a Tax form for 2005-2006 why?
Hi, sorry if this is the wrong place couldn't find where else to ask. I have just received a Tax form to complete for the year 2005-2006 from Local Compliance. No cover letter or anything, just the forms. No date for return? So when am I supposed to send it back by? I'm just wondering why I have been sent this. I started…
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Tax rebate timescales
Just a bit of info needed from the knowledgeable Tax people on here. I'm due a tax rebate. Original P60s from both employments for 2008/09 (gross earnings well under the personal allowance threshold) were sent to the Glasgow/East Kilbride office on 28th May by recorded delivery but I've heard nothing since. Royal Mail's…
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Self-employed travelling allowance
Hi, I'm a confused self-employed and hope you can help me. I live in Bournemouth (UK) and work in Southampton 3 days a week, travelling by train. On Monday only, I work both in Southampton and in Bournemouth. My question is, can I claim back the price of the train ticket between Bournemouth and Southampton as allowance?…
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Paying to much tax
Hi, I've got a second job, so I didn't have a P45, so on my second job my tax code is B, I filled in a form because I didn't have a P45 5 weeks ago, but still got the wrong tax code, i've been told it takes a while, but should I phone and sort it out? Thanks
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More questions about Mr Dog's estate etc.
I realise that some of these questions have nothing to do with tax but I'll ask them here in the hope that together we can answer them. Question 1. I have got to the stage with Mr Dog's estate where the outstanding accounts are being liquidated and the cheques are rolling in.;) I still have the house to sell and the Home…
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help needed please
Need some advise please...... My husband is a self employed sub contractor and he gets his tax deducted at source. Tax year 2006-2007 he stupidly never filed his tax return on time! He has since done his self assessment at our local tax office about 4 weeks ago. His profits for the year were £24800 and he paid tax on his…
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Starting a Business whilst being F/T Employed
I'm thinking of starting up a business in my spare time, whilst being f/t employed, But I'm not sure what extra tax implications will be for me. Any help on this is appreciated. Also do you think I will be able to apply for a bank loan to start a new business whilst still being employed?
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Tax back for uniform cleaning
Hi My company is introducing uniforms to the team which must be worn at all times, I vaquely remember from working in shops years ago that your employer had to give you some tax back/allowance for cleaning uniforms. Is this just wishful thinking on my behalf or is there such a thing? thanks
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VAT on School uniform?
Hi, Can anyone tell me why my local "National Schoolwear" shop charged VAT on some of the uniform? I bought a blazer for my eldest son that had VAT on but the one for my younger son did not. Both of the blazers had the school logo on and were smaller than the 43" maximum measurement stated on the HMRC website, but the shop…
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HMR + "established and accepted practise" + tax
Hi All I have challenged the deduction of tax and NI from my 13 weeks redundancy notice period. Basically we were told to finish immediately and not given the option of working the notice. There is no mention of PILON in my contract of employment (as it is 20 years old). When I wrote to the Inland Revenue reclaiming the…
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Mother in Law going into a Home
HI, i am new here and my first post so if its in wrong place i apologise. My mother in law feels that one day she will be better off in a home, but as she has bought and paid for her house this would be used to pay for the care. Is there a way round this?.. if she sold the house and gave the proceeds as a gift to my wife,…
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Business account advice please
Hi I set up as a fencing contractor a bit over a year ago. I have not drawn any money out personally and all profit from my work is paying for the expense of setting up - tools, etc. I keep a spreadsheet of all income and expenditure. The company cannot afford to pay accountancy fees and I am intending to produce the…
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Reclaiming overpaid tax by a french citizen having worked only a year in the UK
Hi, I am french and have worked at Exeter university for one year, academic 2006/2007. Because I am not an english citizen, logically I can therefore reclaim all the tax that has been deducted from my salary during that period of time (supposedly). HM revenue and customs have sent me a P91 for me to fill in. However I have…
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Mistake in Inheritance Tax
Hi, I am reasonably new to the site so if this is in the wrong place I apologise and please let me know where I should post? Towards the end of last year, we were one of 28 benificaries of a will. We received just over £20k which cleared almost all our debts. This week we have had a letter from the solictors saying they…
