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Receiving inheritance money from abroad
My nan passed away and she left me £90k but the money is in Japan. My mom said she'll just 'send it' to my normal account here in the UK. - Is this such a simple process? - Would HMRC stop the transfer assuming 'abnormal' movement? - Would I have to pay income tax on £90k? If I am going to get taxed, I'd rather fly out…
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Tax on personal pension
I recently took early retirement on the 24/7/09. I am to receive my 1st pension payment of £706 per month on 1/9/09. I have calculated that my tax on this sum will be about £33.75 for the month(my tax code is 659L) However as I have received nothing for the the month of august and the last week of July, they have included…
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Dodgy P87 claim
Someone I work with recently submitted a false claim on a P87 form (at least I think it's false). I have submitted a couple of these claims in the past and I am aware that this form is used to claim back money for the business travel you make in your own vehicle. I know it's abit more complex than that but in my opinion…
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Some tax questions
I have a full time job through which I pay the usual income tax and NI contributions, but since April or so last year I also earn extra money writing articles and doing other freelance jobs. Now, I know I have to pay tax on this and it was my understanding that tax would be payable this year. I've been saving 28% of every…
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Not tax cutting but tax problem
Just something to make people on here aware that if you opt out of making an advance payment on account with your income tax that you will get charged an interest payment My daughter is self employed - did her tax return on time just after April 5th and paid within a few days. It wasnt applied to her account as they tax…
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Tax refund and head over Parapet
Hello one and all I was wondering if someone can settle an argument my wife and I are currently having over the dining table. My wife works in the NHS, and a company has told her, and her colleagues, that they may be due a tax refund on such things as being a member of professional bodies etc. I have told her not to bother…
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Travel allowance, taxable or not work changed it without notification?
For the last 6 months or so I was given a travel allowance as I live quite far from where i am working at present. This has been on the right hand side of my wage slip meaning I was not taxed on it. Suddenly without any notice or warning this has appeared this month on the left hand side of my wage slip meaning that I have…
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Not really a cutting tax question buuuuut
Hey just wondered if anyone could help me I am currently on maternity leave but have taken on an evening cleaning job which is paid into my bank ect. Will I be taxed on this? I only earn 6.25 an hour and do 10 hours a week x
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claiming tax back
i work as a teacher in italy. i didn't realise that i shouldn't have paid tax for the first two years. is there anyway i can claim this back? i tried taxback.com but they dont claim from italy thanks
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Put BTL properties in 2 names for tax relief??
Hi, just a quick question. I have 2 BTL flats which I brought 4 and 5 years ago. I wanted to keep them for at least 10 years as I thought that's when the tax tapered off? Anyway, I paid for the deposits with inheritence and they are in my name but I was wondering as I do plan to sell them eventually would they be better…
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Some tax help
Scenario is 80k income. 40k additional income per annum 2 houses - both let out, self living in rental property as had to move to another city for a good job offer. I fall in the high tax payers bracket Property 1 - a 2 bed room flat takes in 575 rent on a 250 pounds interest only mortgage property 2 - a 3 bed home takes…
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Would i save tax by setting up a company?
I will briefly explain my circumstances: I am married, no children and own three rental properties that are all rented out. These three properties are manged for me by management agents (i am not ina position to do it myself due to geography). The rent at the moment far exceeds the interest payments on the mortgage. I…
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Tax rebate when moving abroad
I'll be relocating overseas on 1st October and up until now my total earnings haven't reached the 40% threshold. So will I be entitled to reclaim the amount I've paid at 40% up until now?
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Council tax - house being revalued
I received a letter telling me my house is going to be revalued for Council tax. It's currently a band D and they are looking at changing it to a band E. I brought the house late last year and nothing was mentioned about any dispute over the council tax valuation. I spoke to the person doing the valuation and explained I…
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CGT: Principle Residence Relief: Too late to benefit after sale?
My father has owned his first, de facto main, residence, P1, for nearly 50 years. In 1996 he acquired a second residence, P2, which he used regularly, but I do not believe he ever made a S222(5) CGT Act 1992 election to choose his Principle Private Residence. He is now selling P2 and I would like to obtain relief for the…
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How to change the tax codes for my JOBS
Hi All, I had finished my university and was working in a full time job.(Sales job). Recently I got an offer from a very good company and started on last week. I have already filled a P46 for the new job and had decided to leave from the previous job.(So ticked category B on P46 as this is the only job) But I need to keep…
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MSE News: Beware the Govt ploy to grab your tax early
This is the discussion thread for the following MSE News Story: "Millions of self assessment taxpayers are being encouraged to pay their tax in advance by the Government. However, you could be missing out on hundreds of pounds ..." Read the full story: [FONT="]Beware self-assessment advance payments[/FONT]
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Tax rebate cheques - when will they arrive?
I have been trying to get a rebate since April - (my information is there, 2nd post from bottom) http://forums.moneysavingexpert.com/showthread.html?t=1839065&highlight=tax I did write them quite an angry letter and within a week they were on the phone, phoned my house phone, my mobile twice then left a message. I rang the…
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What can we put down
My hubby is self employed and his business is mobile but i do the paper work at home, he has been told he can put an amount down for the room at the house. Does anyone know if this is true?
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Can benefit in kind tax be offset from rental income tax?
Hi, I have a question regarding my tax liability for the coming year. I work for a bank and have taken advantage of a staff mortgage deal which I have on a property I now rent out. As the interest rate is not publically available I am obliged to pay benefit in kind tax on this (based on the benefit I receive through paying…
