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Self employed Carer?
Hi all, I am Disabled and on direct payments and am going to employ a carer myself. She rang the tax office and they said she could be self employed as she also looks after another disabled person. So she gave me a number they had given her. It is in the format Axxxxx the x's being numbers. Thing is I don't know what to do…
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Income Tax
Hi there, Recently I reclaimed tax back for the last financial year. I just quit my job and won't be getting another job for at least a year and was wondering if I have to wait until the next financial year to claim the tax back that I have earned in this financial year?
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I haven't paid tax on work outsde my job and I'm bricking it!
Howdy, I have a little problem. A year ago a friend asked me to produce a website for him - this I did in my free time. I charged him for this and in 2008 I think I received over £6000 off him as I worked so much! This year he has asked me to add this and that and keep an eye on things and so far in 2009 I've received…
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CGT Mitigation/Avoidance Help Please
Hi, I'm new to the forum but have visited on several occasions. I should start off by pointing out that however flawed it is I do believe in the tax system and in paying taxes. I am not posting to grab as much money as I can, I am posting to hopefully fix in some measure a situation which should not have arisen. The story…
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How much can I put for expenses?
Last year I earnt about £1000 doing street shows for an agency as a breakdancer/actobat on the weekends during the summer. I've kept all my receipts (petrol, food, hotels) so I can calculate how much expenses I could put down against my tax on the forms. However, if I include the cost of petrol for travelling to training…
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Am I better off not working too much? Please help if you know about income tax!!
Hi there, I'm a full-time student and work on an ad-hoc basis which pays weekly. I am aware that I am entitled to earn £6475 a year tax free, however I didnt realise this is worked out on a weekly basis. As I'm now on summer holidays I've been working nearly every day to save up for the times when I'm too busy with uni to…
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Will we have to pay tax on property which will be let?
Hi All We (my wife and I) have had an offer accepted on a property yesterday, which we are planning to "buy to let". However this will be a fully cash purchase, I am employed and pay the basic tax allowance, but my wife is a house wife with no income. My wife will do all the work needed for the private "let" (i.e.…
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council tax fraud
hi im 68 and have just found out that whilst our son was living with us (around 10 years ago) my husdband without my knowledge was not paying coucil tax he payed all the bills and i never questioned anything my son moved out 5 years ago and around the same time my husdband passed away what i would like to know is if the…
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How do I work out tax ??
Hi, I may be making a little extra money by selling my own things plus some things I buy with the intent to sell on. My question is...how do I work out tax? I am keeping a log of everything I sell and for what price, but when it comes to declaring it what do I do? Also do I sort out tax and then inform tax credits when my…
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Capital Gains Tax (What can I claim against)
As the title suggests I'm after a list of things I can claim against Capital gains tax. I inherited a house 7 years ago (than valued at 80k) and its been rented out until January of this year. I then did some work to the property (doing most of the work myself using approx 10k buying materials). The house has just sold for…
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Would I have to pay tax?
With times being a little bit hard at the moment I was thinking of selling my collection of ceramic collectables (I have a lot!). I was thinking of either using Ebay or setting up a little online shop. This is not a business but will it be considered as such and therefore I would need to pay tax? Is there a limit on how…
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Capital Gains Tax and 'Market Value'
I need to pay CGT on a house I inherited and sold last year. When the house was in probate it was valued by an auctioneer who valued it low but said that it could achieve a higher price at auction. Other estate agents at the time valued it at at least £17,000 higher. The auctioneers valuation was the figure used for the…
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Tax Office - Advice needed please
My husband changed jobs in October 2008 and notified HMRC. He went back to his previous employer 3 months later on the same terms and conditions, again he notified HMRC. However, despite monthly phone calls, 8 months later HMRC have still got him on the emergency tax code. What happens when he finally gets his proper tax…
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Need updated P45
Hi All, I was made redundant on 30th June 2009 since then I have had no income. I got my last Salary Slip and my P45. It was only last week I found that my 3 hour Over Time was not paid. I went back to the company to claim it. They acknowledge my overtime and will pay that as back pay. They will send me my new updated…
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Capital Gains on shares in foreign currency
First time poster - hoping someone can help me with a query. I have a number of shares held in a US company, which are in US Dollars, bought about 2 years ago when the exchange rate was around $2 = £1. I'm now looking to sell the shares, and while they're worth about 10% less in US Dollars than I paid for them, they're…
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Council Tax - Future house valuations
I've just read an article in The Spectactor dated 22 August referring to the Valuation Office Agency's database which lists properties which in future will have to pay higher council tax because of preferable amenities such as double glazing, a conservatory, living in a quiet road, garage capable of having 2 cars, having a…
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help!!!p45/p46
hiya..can anyone advise me .. i had a part time job and started another one last week..job one was 10 hours job two was 20 hours...was dithering about and thought i would keep both...i handed in a p46 at job 2 ticking in the "this is a second job" box and on friday decided to hand notice into job one ...now im waiting on…
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What is the Savings Income Figure on my Tax Coding Letter?
Hi, I have just received my new Tax Coding letter, and I am unsure of what the actual "Savings income at a higher rate" figure actually is and how it is worked out. Is the figure the actual extra 20% interest above the 20% interest already paid on the savings amount? Can someone tell me how this figure is worked out or…
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Tax on gifts to friends?
If Person A gives Person B a substantial gift (eg £1000 or more) but they're not related or married/ in a Civil Partnership etc, does that count as taxable income for Person B? Would they need to declare it? Also would Person A have any tax problems because of this? Any information would be welcome.
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Inheritance Tax
It's most frustrating for many of us to, having paid into the national pocket (with something of a large hole in btw) all our lives, raised our children and worked hard...you may even have been lucky enough to eat through half those mortgage payments. But when you keel over and those endo morphines ar finally released,…
