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Tax on receiving money from abroad
My sister who lives in australia wants to help me in buying a house and ready to send ~£25000 to UK. I need to know whether i have to pay any tax on this amount? If so how much. Can any help please...
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Urgent advice needed - c tax valuation tribunal decision appeal refused
Hi this is long and complicated, but I will try and put it in a nutshell! Any help appreciated! I moved from the appeal property to my guest house because the manageress moved out. My daughter, a student remained in the house alone. We applied for student exemption and were refused. I appealed and it went to Tribunal. The…
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Council Tax problems
I don't know if I'm posting this in the right place but here goes. Bit of background. I'm a single mum of 3, unemployed and claiming benefits. I moved house and area in July and have nothing but problems with the council regarding council tax since. I have 5 different bills/invoices and have emailed them so many times I'm…
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Student - Council Tax summons
Hi, I am a full-time student at John Moores University and living in Stockport. I just got a council tax summons saying I owe £600 plus £66 court fees. As a student, I should be exempt. Surely I shouldnt have to pay the £66 since I shouldnt be getting taken to court in the first place? The letter said they have sent two…
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Tax treatment of dividends on joint acct
Hello. I own some shares on which I expect to receive dividends, and am considering transfering them to my wife's name to save tax (me - higher rate tax; wife - lower rate tax). Would I need to transfer the shares into my wife's sole name to get the full benefit of her tax allowances? Could I move the shares into a joint…
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What is my Tax situation on Inherited property?
Hi I am going to Inherit a property from a non relative. I am wondering where I will stand re tax implications. Will I be liable to tax on the price of the property when I inherit? If so can I hold on to the property and not pay tax till I sell it? Can I pass the property on to my child? Thanks Should have mentioned the…
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Tax Code Query
I have just noticed that my tax code for the current tax year is 646L. I thought that the personal allowance is £6475 for this year, so my coding should be 647L? Is it worth querying or not?
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Accommodation Taxable ?
Hi My Private LTD company is based at home and I had to stay in a hotel whilst working on a job and I wondered if I could write this off as tax. Thanks.. Metso
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Late Penalty Self Assessment
Hi guys I spoke to someone at HM Rev last year about my self assessment - I was finding it hard to complete it! Anyway, he said if I filed it late, but had nothing to pay, then I could claim back my penalty fine of £100.00 Does anyone know if this is true? They've taken the money from my account, but it sounds too good to…
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Ignore
Sorry posted same thing twice
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Tax period blunder
My stepdad died in may we filled out required forms. He was a sole trader and his accounting period was September to August. After several letters back and forth I rang revenue helpline and after much heated debate I realised an error had been made on his part. For many years when he filled his tax return he entered…
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Customs fee and Admin' charge
Hi, I’ve been tracking some shoes from the States, they’re now with Customs. I expect to have to pay fees but the last few times Parcel Force/Post Office have put an admin fee (£16 if I remember rightly). Do I have to pay the admin fee? I am sure I read that you could refuse to pay the admin’ fee as you did not ask them to…
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Capital gains tax on property.
Hello Everyone I need a little help with CGT. My wife bought a property in April 1997 and lived in it until end September 1999. She then let it out and my wife either lived at her parents or rented another property. She moved back to the house for 3 months from April 2005 - June 2005. She then let it out again from then…
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Underpaid Tax Demand
I have just received a Tax demand for underpaid tax on my company pension for year 2008/09 & 2009/10 totalling £946.20. When I contacted the Tax department to ask why, they informed me that they had forgotten to send a Tax code to my company pension department. but they would not admit that it was their actual fault & I…
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P45 ?
I ceased work on the 26th Nov this year and have only just realised something may be wrong with the figures on my P45 but I'm unsure of this, hence the question. Leaving date..........26/11/2010 Week number 34 Tax code..........647L Total Pay to Date.....................9054.00 Total Tax to…
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Employer gives wrong info to taxman
Hi Does anyone have any advice on the following please My husband has just received a letter from the tax office that says he has been on the wrong tax code for the last 12 months and they have only just found out due to recent new information which his employer has provided ( no reference to what this "new information" is…
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tax rebate
Hi my boss told me when putting my wages through that the amount of tax I pay seems strangely high, and that i should look into getting a rebate. i get paid roughly the same as a colleague (give or take 50 quid) but he did not mention it about his tax, just mine. he said the fact that i am not married and do not have kids…
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TV Licence 6 Month Fee
Hi, Over the last six months i have paid £30 a month for my TV Licence, then in Jan my payment reduces to 12, this means i have paid for a full year but then in Jan will start to pay for another year. Does this mean the TV Licence people owe me a refund?
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Backdating Dividends
I was wondering what the feeling is on these forums with regard to backdating dividends so that a payment is deemed to have been paid in the previous tax year rather than the current one. For example, the company year end is 31 August and based on accounts to 31 August 2011 a dividend is raised once the accounts are…
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Tax on gift
Hello. My wife's parents who are greek and live in Greece are selling some property there and wish to gift the proceeds of the sale to my wife. Since this will be a gift is it right that no UK tax will be payable by my wife (who does live and work in the UK)? Thanks
