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Cutting tax
Archives for January 2011
Discussion List
Charity work and lost receipts!
Hi there, I have a couple of queries: 1) I have just done a charity disco for a community centre on the Isles of Scilly. It cost me £110 to get over here, and I received no payment for the disco (they paid me £18 for the songs I had to download, but didn't pay my travel expenses or any other payment for doing the disco)...…
buying house with mother
put this on savings thread but probably better here: my sis in law wants to buy a house with her mum - prob a holiday home. They are both reasonably wealthy and prob both have upwards of nearly a million each. They'll be going halves on the purchase but I've said her mum is prob best 'gifting' her half to mitigate IHT. The…
Self-employed - changes to my previous years accounts ?
I am a self-employed musician - I have not been working very much before 2009 as I also have children, although I have been completing tax returns since 2006. I am starting to earn a more significant amount of money (£8000 income last tax year) but with an overall loss of >£11000 as of April 2010 mainly due to purchase of…
Reducing company car tax liability
Hi all I'm just about to order a new company car. On the comcar website their company car tax calculator asks about options added to the car which are for business use and therefore the value of them is not taxable. I've not heard of ths before - if this is true then could I avoid the benefit in kind of the value of things…
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