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how does paye work on larger than average months
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Can Entrepaneurs Relief and individual CGT allowance query
Can the directors of a LTD claim Entrepreneurs' relief and their individual capital gains tax allowance of £9600 each on the sale of a website (which is technically an asset of the limited company) to a third party? Basically if someone were selling a website at £60000 The website is owned by a LTD company Entrepreneurs'…
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bank bonus
Do I have to declare the £100 bonus I receive from the bank because I opened an account with them (A&L or First direct i.e.) on my self assessment form as income?
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Council Tax Technicalities!
Hi, My girlfriend got a job in London and saw an advert on gumtree for a room, for £425 including council tax so moved in 1 month ago. The owner/flatmate who is a bank manager is intending on becoming a mature student this October. Now she wants to charge my girlfriend council tax and she is saying she is not going to pay…
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Rental Property - How to separate it from my husbands income for tax purposes?
This is driving me bonkers! Where my husband and I live there was a small barn which we bought with our house and is on the same deed as our house. We have done it up and converted it into a small 2 bedroomed house. We have started to rent it out and want to be honest and declare income tax. My husband is a higher rate tax…
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First job after being a student
I got my first pay check after being a student for four years on 28th August. I last had a part time job well over a year ago. I noticed that I haven't had any income tax deducted, but have had NI taken off. Is this correct? Do I get a tax allowance as I've been out of work for so long, until I have to start paying tax?…
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Tax problems!!
We bought a house in Feb 2008 for £249,999. We agreed to pay the estate agency fees on behalf of the vendors of £3,750. OH was an etate agent there and for three months forfeited his salary to pay off the loan. We have been contacted yesterday by the estate agency (who OH no longer works for) to say that an invoice was…
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Tax due?
Bought a house with my partner 10 years ago. We both live there and I don't own another property. Mortgage in his name only but trust document entitles me to first 50K equity upon sale. Do I pay tax on this?
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Personal tax allowance transfer?
Hello all Right here is the question. Can my wife who has been unemployed since July 2007 transfer her personal tax allowance to myself? If so can any tax owed to us be back dated? Thanx in advance.
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bank account via a 3rd party, tax problem?
not sure if i have posted on the wrong board (maybe should be bank accounts ) My husband and i have been trying unsuccesfully to open a business account ... My father in law has offered to open one for us on our behalf, having just got off the phone from a lady at natwest... and she has told me that my husband and i could…
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CGT - Principal Private Residence question
Hi all I'd be really grateful if anyone can shed some light on the following: My husband E jointly owns a property with his brother in Wapping. They bought it in 2002. E lived there from 2002-2005. I own a property myself (bought in 2005). E moved in with me later in 2005. We got married this year. From 2005 to now the…
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Is council Tax even Legal?
:beer::j Hi Everyone, This is a piece of news you will not see reported in the mainstream media i bet as they ( the powers that be) would really like to keep this one under wraps...please do yur own research as as always but if this is true then..BRING IT ON!!!!! A Freeman on the Land in Wirral has received a letter from…
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Council Tax Discount?
Hi folks, I am currently renting a second home (flat) with a colleague in order to work in a different county. We're both police officers and stay at the flat only 3 nights per week. I currently pay council tax for my normal home, however my colleague lives with his parents. Is it still possible to get a reduction on my…
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Single Occupancy Council Tax
I have been living in my house alone for two and a half years. I have been paying full council tax. I know now I can get 25% off. Can I back date this? ie claim 25% off for the LAST two and half years???
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Opportunity to work in Greece for six months, pay Greek tax?
Evening all, I have the opportunity to apply to work in Greece for a minimum of six months starting at the beginning of October. I've had a brief look at the Greek income tax situation and it looks broadly similar to ours in the UK, but with more bands. Top rate still 40%. Does anyone know if I'd be eligible to pay Greek…
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Travel tax allowance question
My work involves a lot of driving a lot of miles between clients. I didn’t use to get a travel allowance so could claim 40p per mile in tax allowance. The company now pays us 30p per mile. This monies comes as part of our wage each month and as such is taxed. The accounts person, don’t think she is a qualified accountant,…
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The legality of Council Tax late payment fees
We received a letter recently stating that our council tax payment was late and they were demanding payment in full plus a charge and they had arranged a court date of late August. The full outstanding payment was sent to them online minus the court charge well in advance of their suggested court date, however we have…
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I don't understand what I've been paid!
Hello all, sorry if I sound stupid I'm just so confused! If I work out the hours and my pay, it would be £5.75 * 62.25 hours. Which would mean £357.94. Yet, I have been paid £410.88? Ok, here's my info: Tax code 647L Hourly pay £5.75 Hours worked 62.25 (over 2 weeks) PAYE tax -£78 NI £15.06 So, why have I been paid £410?
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Probate
Am looking into for a friend who is executor of an Estate. He wishes to do probate himself, but I am concerned about the implications. He realises he has to swear an oath, but what happens in the process? If something is missed, will there be penalties. I advised him to get someone to do it for him, but he thinks he is…
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Two cheques from HMRC
Now I'm not complaining because I wasnt expected that but yesterday I had two cheques in the post from HMRC. One for £60 and one for £190, both dated the same day and both flagged as tax overpayment for last year. Why did they send me two cheques?
