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Cutting tax
Archives for July 2009
Discussion List
Partnership of part of a business???
Added this to my last post and not got any responses so just giving it its own post. My father is planning on slimlining his business as he is planning on taking it easier as opposed to taking early retirement. To give you an idea, the business is mostly retail, but has a little wholesale section. However it is now looking…
double taxation = benefit in kind?
My husband just received his P11D today. He worked in Russia up until April this year. It says that he received £19000 as a benefit in 2008/2009. Last year on his P11D it said that his benefit received was just over £12000. When he claimed that back over £5k was taken off at source and he received a cheque for just over…
should I be paying tax?
Hi, I recently took on a second job that is casual with varying hours each month. I have noticed though that I have not been charged any tax. Would anyone be able to tell me if I should be?! My first job details are as follows: Year 2009/10 Tax Code 647L/0 YTD Taxable Pay £1819 YTD Tax £64.60 I believe I am being emergency…
Capital Gains Tax
I need advice.. I sold a property in Nov 08 which I bought in 2001. I bought the property for my own use but only lived there for one year. I then moved abroad and rented the property out to various tenants. I have submitted tax returns for my rental income (which has been minimal - usually just covering the mortgage). I…
Independent Financial Advice
I would appreciate some advice on... Where is the best place to gain independent financial advice? And how can I tell if the adviser is really working in my best interests - and not to gain as much commission as possible? Also, is the service normally offered free of charge or is a fee the usual practice? :cool:
Redundancy and tax-free question
Hi all, Looking for some advice if possible. Have posted in "redundancy forum" too as not sure if it direct redundancy or taxation query! Sorry. I was made redundant with immediate effect yesterday. No pre-warning or anything, I turned up for a regular 1-to-1 review with my manager at head office to be told in front of a…
CGT help please – two homes, 15 months overlap
Hello all, I’m hoping that someone can please clarify what I can/should do to manage a potential CGT liability. I’m reasonably clued up on tax and law, but I’m not a professional. Wife & I own two houses in the same neighbourhood. House A, bought in June 1998. Between then and May 2009 we lived in it, except when I was…
Inheritance tax - again, sorry!
Dear all, I know IHT is a recurring theme, and I ought to understand by now, but I can't find an example that exactly matches my mothers situation even though it's very straightforward. My father died in 2001 and everything went to my mother, quite rightly. Around 2 years ago, she moved to a smaller house and made around…
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