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Can university students claim back the tax on maintenance payments made by parents?
Hi! I am thinking ahead to two year's time when my eldest might well be going of to University. I can remember that when I was at university in the late 70s that I could claim back the tax on the maintenance payments that my parents made to me (not on the Grant, just their payments). There was some form of legal wording…
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Sibling gifting
My brother wants to gift me a substantial sum of money. Is there a limit to how much he can give to me in 1 year? And am I liable for any tax on this gift? Really need some good advice - I am totally confused!!
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change of job tax code query
I recently changed jobs and at the time i didnt have a P45 because they hadnt sent it yet. So i filled out a p46 instead. Will this effect my tax code? Will i still be on my original tax code which was 647L? or do i need to ask/inform HMRC? Oh and i received my P45 today but have already given the P46! What should i do?…
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P60 query please
Hi , not sure if this is the right board, but would be grateful for advice. I started new job in Feb this year, but new company didn't register P45 in time so I went onto the wrong tax code. I've sorted that now, but when my P60 arrived from new company, there is only 2 months pay on it. I've asked old company if they are…
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looking for help to bring 2007 CGT advice up to date
hi i've been reading martin's money tips email for years and often looked through the forum for advice but never actually posted. i've had trouble finding information myself on my current situation re: CGT. here is a link to an article circa 2007: timesonline.co.uk/tol/money/property_and_mortgages/article2652296.ece in the…
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Business Rates Summons.
Hi. Not sure if the right place to post. I was responsible for NNDR at a premises until ealier this year. I was paid up to date and, due to payment by DD I am owed a small surplus payed for a period after I left. I advised the Council of my departure, i think by phone. Not quite immediately but within a month of leaving.…
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Rental & Mortgage question
I'm wondering if anyone has had any experience of this (looking for tax efficient offsetting of mortgage against rental ): I have unencumbered house A. I want to buy house B which I intend to inhabit, and then rent house A. To fund purchase of house B I can either sell house A, take a buy to let mortgage against house A or…
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Self employment records
Hi, My mother has just started as a self employed cleaner. She works by herself and doesn't employ anyone. She has registered for NI contributions but we are unsure of the records that we should be keeping? We have this book to keep track..…
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Short-term contract - what should I do?
Hi I was made redundant at the end of March and have been living off redundancy insurance since then. My only income this tax year was a £15k share payment from my old employer. Tax was deducted at the lower rate. I have been offered a 7 week contract starting on November 1st. The payment will be £12000. I do not yet know…
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tax on benefits in kind...
Hi all, I'm very fortunate to get a staff mortgage, which means I only have to pay base rate (currently 0.5% interest). However, this means that I am liable to pay tax on this as a benefit. It states on my company intranet that a letter will be sent to HM revenue to inform them that I am receiving this benefit, in order…
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£2000 tax bill
Ok so heres the problem i just got a letter from the tax man stating i owe them £2000 pound. So before i ring them to have it out i thought i would see if anyone on here has any tips for me or just good advice for dealing with them. my main gripe is that i earn 13 grand a year after tax with no company benefits. so giving…
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Newbie - Unsure on a few tax issues
:wink: Hi To Everyone. I have been looking at these pages for a while now and have now signed up. What it is I have been told I need to complete my self assessment form for 07/08 and 09/10 due to my originals have been lost! In these years I have worked PAYE and some jobs I used CIS as I had to due to the employes say so.…
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Quick Tax Question
Hi All Ive got an appointment tomorrow in Hull at the CIS office to sort out my last years self assessment. I have to re do them all again. Will they all my records of work I have done through CIS on their system? I have lost a couple of my payslips over time thats all. Also how long does a tax rebate take? I will file my…
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Do I need to pay capital gains tax?
Hi, I'd appreciate a bit of advice if possible. Earlier this year I inherited a house which I have just placed on the market to sell. I currently do not own my own property and rent. I have never lived in the house I am selling so dont fit under the primary residency relief. Does this mean I will have to pay CGT even…
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Council Tax, exemption / discounts
Hi I have just exchanged on a property and will be completing in a week or so's time. I will be getting a fair amount of work done to the property there's currently no kitchen (ripped out by the seller), bathrooms need doing, heating system require attention, double glazing required, removal of several internal walls etc.…
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Tax Questions Can Anyone Help Please
Hi All I am very confused at the moment. What it is I rang the Inland Revenue requesting an employment history sheet for 07-08 08-09 09-10. I was self employed in 08/09 and on the sheet it says no data held for this year. I have to re do my last three self assessent forms again and I have my wage slips showing how much ive…
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Signing over house to children
Hi, Can anyone help, my dad wants to sign there house over to me as 4 years ago I paid there mortgage off & also as I live in a converted house which used to be there garage on the side of there house. so if anything happens to them I can decide what is done to the house as we are linked?? I have a mortgage on my property…
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Overpaid tax? / BR tax ?? / Two jobs..?
I used to be self employed (36 hours a week) and also had a weeked part time job (15 hours a week). I used to pay NI and tax (caluclated by my accoutnant on my self employed job. I am getting taxed on a basic tax rate on my second job. Is this correct? Also now I lost my self employed work but still I am getting taxed BR…
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Will the self-assessment forms cease?
I am 67 years old and retired. Years ago I declared some untaxed payments for ad-hoc consultancy work I notified under 'other untaxed income'. I was not self-employed. Now my income is my local authority pension and government pension (taxes deducted at source). My building society savings (tax deducted at source) and some…
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Tax underpayment advice
Hello I've received a P800 notification for the tax year 2008-2009. I have tried to contact and discuss with the tax office and wasnt able to make any sense (to be honest the person I spoke to wasnt very helpful). This is my understanding of the situation. I am employed full time and my employers use the PAYE system. In…
