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Yesterday's budget and pensioners
I cannot find anything about them. Are they no to benefit from the increase in personal allowances?
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Council Tax
I live away from home 5 nights per week and pay council tax with 25% discount. can my wife also claim 25% discount on house where i spend 2 nights per week?
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Paying Tax on gambling?
Hi, I have recently won quite a bit of money doing online poker and I was wondering do I pay tax on this or is gambling tax free? Any information is much appreciated. Thanks
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Worried, confused and dont know what to do !!!
Hi This is going to take a while so please bare with me. About 20years ago I was self employed, it was round about the time when the self assessment came out, well I got into some trouble with the Tax and ended up owing them money. I went to see them a few times and I did start to pay it off but never paid it all off.…
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Which bills have VAT?
Which bills will go up because of the rise in VAT and which will stay the same?
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MSE News: Osborne defends "fair" budget
This is the discussion thread for the following MSE News Story: Read the full story: Osborne defends "fair" budget
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Salary for doing no work
Following the budget announcement that education spending is to be cut by 25%, it is highly likely that I will lose my job in the next 6 months or so. Not such a bad thing, as I would like to be a stay at home mum for a while. However, we do need to make up my income from somewhere. Not all of it, but we do need slightly…
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Help needed on a tricky tax question...
Hello, This is my first post to these boards, and even though I tried my best to find the answer to tax questions, I didn't find anything satisfying. This is, in short, my situation: I'm working for a french company at the moment (I'm french) and will be moving to London on July 1st to work in a UK company. From what I've…
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CGT, will I pay the higher rate?
Sorry if this is a stupid question. Sold a business beginning of April, the accounts are still being sorted out. Will I pay CGT on what it was the date it sold? Thanks
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Renting while renting out your property
Hi all, I and my partner are in the lucky position where we own our house. However it's in Southampton and work currently takes us to London. We do not want to commute (and technically can't as we'd have no time to eat, house chores etc) and so will be renting a flat in London. In the mean time we are renting out the house…
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How long does it take for tax rebate to come through?
I'm asking this for a friend :) He's just filled out his self assessment and worked out he's owed around £950 in overpaid tax. Does anyone know how long it takes to get this money back?
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C.G.T - case study
Can someone answer this case study, so I can get my head round the changes Basic rate tax-payer in receipt of an 18k p.a pension before tax, holds investment portfolio for 5 years 2009 - 2014 then decides to sell. The net gain of the portfolio (excluding the s&s investments) when surrendered/cashed in is £80,000, what is…
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Capital gain / Holiday Home / Care Home Costs
A mixed question but .... My wife and I own a second home in joint names - holiday home available for letting. My mother in law owns her own house and has a large amount in savings. Could we sell a 1/3 share in the house to the mother in law, incur a capital gain on the 1/6 value my wife and I receive in the current tax…
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Help - Possible fake email from HMRC?
Hi I have a tax refund claim in with the HMRC at the moment for £254. I have submitted my P60 to them a while ago and just voluntarily submitted proof of benefits received earlier in the year also. The proof of benefits were only sent yesterday. Yet just now I have received an email from " <img id="P___1719620940"…
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Capital Gains Tax and Inheritance
I have been trying to find an answer regarding a CGT situation and its implications in an inheritance. Basically my wife's parents moved into her grandfather's house about a year ago. He moved into sheltered accomodation and my wife's parents put their house on the market. At the present time the grandfather still owns the…
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National Insurance from April 2011
Can someone give me a figure that I will start to pay National Insurance from beginning in April 2011? Reading various places gives conflicting figures. Today's budget suiggest the current figure of £110 per week will increase by £21 a week above inflation. A previous pre-Budget report suggested those on less than £20,000…
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Employee Benefit Trusts
I am considering using one of these for a UK based contract, the trust is based in Cyprus and I am told by the guy selling the trust that it is above board and totally legal, indeed it seems to be but what if HMRC go after me.. Can they? They cant go after my employer as he is based in Cyprus. I do believe that if…
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Personal Allowance to rise by £1,000--I dont understand....
in April next year the personal allowance will rise to £7,475, from £6,475. The newspapers are saying that means the average person will be £170 better off. This I dont understand. Surely they will be £1,000 better off? Can some one explain this to me please. Thankyou
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Tax for couples
Hi, I am about to start a PhD, so I am not going to have any taxable income and I am not going to use any of my tax allowances. My wife is (still) going to work. Is there a good way to save on tax (that my wife is paying) in this situation?
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Emergency Budget: how the huge tax shake-up affects you
This is the discussion thread for the following MSE News Story: Read the full story: Emergency Budget: how the huge tax shake-up affects you
