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Have I overpaid tax on a student internship?
Hello! Apologies if there is already a topic dealing with this, im sure that there is but I cant find it anywhere, please point me in the right direction if there is. But if not, I would really appreciate some help regarding whether Ive paid too much tax. Basically in the 08/09 year, I had a ten week summer internship…
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ebay tax questions from a madman !!
A little advice needed !! I have rounded numbers to simplify this ! From 2004 to 2006 I was having marriage/stress/mental problems - off work 8 months and on anti-depressants. I have been fine since 2006, and am in paid employment for three days a week and paying tax/ni . But a 'side-effect' of the problems I had is that I…
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Capital Gains Tax
In November next year(2010) I am to receive a sum of money the proceeds of an Investment in a land development in Argentina. The proceeds will consist of my initial investment (A) and the proceeds of that investment (B). The money will be returned to me via an Investment Company here in the Uk, whose fees I have already…
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Stock option - cashless sale
Hi, I am a standard rate uk tax payer, I am currently retired and pay tax on a small pension. Before I retired I was working for a US company and in 1999 was awarded some unqualified free stock options which have to be exercised before the middle of December. I exercised them today via a cashless sales which means they…
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Tax relief for private landlords?
Question for the forum. I am thinking of buying a flat (for rental purposes) as follows: 1. Equity release on my existing home (mortgaged only to about 35% of value). is already approved by my bank. This is a cash loan at a great rate which is a bank of england tracker rate. Bank have approved loan on interest only basis,…
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Are we all on the fiddle now: SA101: "Additional Information"
This years paper returns have been sent out with a sort of centre fold supplement: 4 Sides of A4 with obscure questions. It looks to me as though these 50+ extra boxes are meant to highlight actions that save tax or that used to save tax and force people to answer questions that most of us normal tax payers just don't…
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Do I declare inherited money on tax return?
There doesn't seem to be a board on inheritance so I hope this is the right one. It's that time of year again when tax returns have to be in by Oct end (or next year online). What a pain. I inherited quite a lot last year and all taxes were paid by the estate. Is it necessary to declare this on my return, and is there any…
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Tax rebate help
Good afternoon, 4 years ago I was mistakenly overpaid by an employer. The money was subsequently repaid but the payment included tax. I am trying to reclaim this money from the taxman (who is being pretty good about it and agree they owe me money). The issue is they require a letter from my previous employer confirming the…
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Gift Tax from an Executors Account?
Hi, Hope someone can answer what is hopefully a quick question please? My aunt recently died intestate. My father has inherited everything. What he wants to do is open an Executors Account with the bank for various outgoings. From this account he also wants to give various monetary gifts to members of the family. The…
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Query re paying tax
I am doing a small admin project for a local business. They will pay me £600 for the work and have aksed me to invoice them and sort out my own tax/national insurance. How would I go about doing this? I am currently in a full time job and pay tax through my employer each month automatically from my salary.
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Council tax, wrong Banding
I found out today that VOA had my House down as Detached,three floors, 5 Bedrooms, Double garage, when in fact it is a semi with two floors, 4 bedrooms and single garage. I live on a new build development and the bloke at VOA explained to me the houses are valued for council tax from the drawings and plot, it seems that…
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Existing nil-rate band loan trust
Hi My father died in July 1996 having a nil-rate band discretionary loan trust will, mirrored with my mother’s will. Their house was in his sole name and valued at £120,000 but the executor’s adviser (my father’s accountant) suggested that my mother claim 50% of it using a form PA5. His other assets were valued at £75,000.…
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Tax back after backpacking?
Hello, I've been in Australia backpacking for a year, (From sep 08 to sep 09) and i've just ben told that i should have filled out at P85 form when i left to claim back any tax i might be owed. I didn't do that, I didnt realise it was an option. I didnt work while i was away. When I looked at the p85 form it asks how long…
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Being Gifted 40k what are the Tax implications?
Hi Everyone My 2 sisters and I are being gifted approx £40k each by our Mum. Some one has told me that we are liable to pay tax on this gift if our Mum passes away in the next 7 years (she is 69 yrs old) Does anyone know if this is true or if indeed there are other tax liabilities that we should be aware of before…
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Can I claim for internet access?
I have recently started a new job where, like in my old role, I work from home and need internet access. In my old job, my employer arranged and paid for BT internet access but upone starting my new job I have had to set this up myself. I have set it up with Talk Talk but am having loads of problems constantly losing…
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Another Tax Rebate question..........
Hi everyone..........looking for some advice please. My accountant whom has worked for me for many years completed my accountants,took payment from me,submitted them to the Tax Office at the end of June.My accountant said the rebate would be just over £2,000.Usually by now its been long paid into my account.However its now…
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Council Tax and students?
My daughter has just received a council tax bill for £220 for 6 weeks from July to mid August. She graduated from university in July and started a post grad course at the same university mid-august but the council say she has to pay for the weeks she wasn't 'officially a student' although she had been accepted for the…
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Council tax banding seems too high
I am very shocked to find out that my daughter is on the same tax band as me 'B' the house she is renting is very small, the agent told her it was band A when she viewed the property. I have a 3 bed semi with a big garden garage and driveway, hers is the size of a very small terraced house with no driveway and tiny back…
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Capital gains tax on house sale
We want to sell our home which is in 9 acres. The permitted amount of land with a house for capital gains tax relief, is just over 1 acre. There are also stables and a barn on the land. We have lived here for 22 years and it has only ever been our home, never a business. Will we still have to pay capital gains tax? Thanks
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Council tax instalments
Not sure if this is the right place for this, but Hackney Council say I have to pay my Ctax in 10 instalments, unless I pay by direct debit in which case I can pay in 12 instalments. I have had a brief look at the Council tax regs 1992, but am no wiser! Is it illegal to pay in 12 instalments by a method other than direct…
