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Council Tax help!
Hi there, after a discussion with an older collegue at work today i have a very concerning question, Do i need to be paying any tax to the council or anyone else? I have worked since the age of 16, paid full tax and NI on my wage slips ever since. I lived with my Grandparents until the age of 19, when my father returned…
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£800 tax bill for £9k income - too much?
I have done my OH's tax return this year (I do his books too) and although I found it really confusing and complicated, I did manage it and was very proud of myself. However we've just had the tax bill and it's about £800 on a total income of about £9.3k OH says this is way too much and I must have messed it up (hopefully…
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tax rebate
my tax rebate story Im due a rebate of approx £2500 from the tax years 06-07 07-08 08-09 i sent of my p60's p45/p46 ect to the sunderland tax office for my rebate in may. may 20th 2009, sent off p60's ect. july 15th 2009, letter not yet opened, approx 12 week backlog. aug 25th 2009, told all my info is on the system and…
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Emergency Tax
I know this has been asked a million times before but all the scenarios i found on here were for random student loan type queries. Basically I started a new job 2 months ago but my former employer took a while to get my P45 to me, I have had 2 pays since I started my new job and have been on an emergency tax code for both.…
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Help with tax refund
Sorry, got this sorted. Cheers, James
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can I claim an oversea parent as a dependent?
This may be a stupid question... but I just wonder if I am eligible for any kind of tax break if I am supporting my retired dad financially? he lives in the States though and I only contribute USD200 per month. (plus he may be a US citizen as he married to one some years ago) Currently I pay my tax under the PAYE system…
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New Job - confused about company car tax and options
Hi All, I'm in the lucky situation of starting a new job which includes a company car or cash allowance. :j This is the first time I've had to deal with this "problem" (if you can call it that - it really is a good problem to have) so apologies if my questions are a bit naive. What I'm confused about is which option will…
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Self Employed but going into employment
I have been self employed from March 5th 2009 but this will be ending on 1st December 2009 as I will have a full time employed job. As I started self employment before the end of the tax year 08/09, do I need to do a tax return for the first month, or do I do a tax return for the whole time I've been self employed? Also,…
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Savings account needs to be joint??
hi i am self employed and so is my other half. we are trying to save for a mortgage, however we have been putting a joint amount of £1000 into MY savings account for the last few months. my question is will this look suspicious to the tax man as i only earn 1400 a month and spend 50 per cent of that a month straight out of…
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Can I postpone CGT?
I'd like to sell a rental flat and buy another rental in a better area. Although I lived in the property for 2 out of the 6 years owned the CGT bill would still be quite high and in excess of any allowances. Is there any relief that would be available if any profit went from one rental straight into another thereby not…
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Avoiding Capital Gains Tax
Hi All Can anyone advise the best way to avoid Capital gains tax on shares i own I have made about 100k, i know I should have put in in a shares ISA but I didnt, so when I sell I will hav to pay Capital gains tax is it possible to reinvest the profit into a house and avoid/put back capital gains until a later date? Thanks,
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What to do when you think HMRC have made a mistake?
Hi, I'm a student who got his first job during the summer. During this time, I earned over just over £3000 but certainly not over my personal limit. I got a letter from HMRC 2 weeks ago saying my tax code had changed, and they had informed my past employers. According to them I've earned around £5500 and now I'm paying 20%…
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My tax liablity on cash gift from my mum
Some years back and with my mum's permission I applied for planning permisson to build a small house on her farm. Changes in circumstances (separation etc) meant I didn't go through with the build and was left with full planning permission and a small plot of land. Her intention was to give me the quarter acre. Some time…
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Overtime tax
Hi money saving experts! I’m desperate to find out what the net take home will be on my wages at the end of this month as I have done an extra 30 hours of overtime last month at time and a half plus an extra £100 incentive for doing 30hours from company my yearly salary is £16000 and I work 35 hours a week. I cant find a…
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repayment of salary advance
hi. i have a tax question. i'm hoping to find out if i can claim back the tax on money i've repaid to my previous employer. basically: they paid me a lump sump net of tax, repayable in full (the gross amount) if i resigned within a certain period. i did then resign, and they are taking the repayment from my salary during…
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Council Tax Help.
Hi All, I was wondering if anyone can help me. If a property is now vacant and up for sale, who is responsible for paying the Council Tax, is it the person that lived there or the deed owner. Cheers
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can somebody work something out for me regarding k tax code please?
I wonder if anyone can work something out for me. I just would like a rough idea of how much more tax my husband has paid in the last 14 months if he'd just been on a normal 647L tax code as opposed to a K672 one? He's made about £65k since August 2008. He's in the process of claiming a tax rebate but it's taken since July…
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BR Tax
Can anyone advice? I am self employed and also currently carrying an employed contract, I also teach 2 hours per week and do some other ad hoc work. On receiving my first months salary I had not realised the impact of BR tax, is there any way this can be reduced? I am deducted at BR for my teaching too.
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Help with inheritance tax please
Hi I had a desperate phone call from a friend last night. She has inherited just over £6000 from a relative paid in 2 lots... First in March about £5400 and the balance now. She is unemployed. What/how /when does she have to declare? TIA Dx
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HMRC think I'm claiming JSA
I worked over the summer holiday for three different companies. As I was employed by them all in a short space of time, my tax was messed up and I was issued with a P45 for each job. When I finished and went back to uni, I sent form P50 along with all three P45s and a covering letter to my tax office. I've received a…
