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How much tax should I pay this year for a job started in September?
Hi Guys Been a little bit unsure about my tax situation (I'm no expert) and it would be great if someone out there could check my numbers. I started a job on 1st September and have a gross monthly income of £1799. I pay the following deductions (excluding tax) which have remained constant every month: Basic Superannuation:…
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Capital gains tax on divorce settlement
I am currently in the middle of a divorce and as part of the settlement I am due to transfer our marital home which is in my soul name to my estranged husband. The other property we own is currently rented out and will be given to myself as part of the divorce settlement. This property is also in my soul name already. We…
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HMRC trying to charge tax I've already paid!
First an apology, I am not a newbie to MSE, but I wish to keep the issues I am about to detail anonymous and separate from my normal account. Now the story: At the end of 2007 I left my job to spend time devoted to my passion of travel, mainly funded by the exercising of share options that were held in the USA - I have…
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Free Tax Return Software
I am after some free tax return software. I have got so far with my return and thought I could do it myself hence leaving it so late but now finding I need to double check my calculations. Sorry if this has already been asked but had a search and couldn't find any recent advice on it. Thanks NG
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Question about tax on rental income
Bit of a novice question but I have a second, very small, income from renting a flat. Up until August 2010 the income from this flat, lets say its £2000, was being held in a solicitor's account. Now, do I have to pay tax on that amount in this upcoming tax deadline? Or do I pay tax on it in NEXT years deadline, seeing as…
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CGT advice please..
Hi I've got a few questions and from doing lots of reading last night you lot might have some answers/advice. I have a house that i'm thinking of selling. At the time it was valued at about £10,000 - hopefully it will sell for about £155,000 ish. I understand that I can knock off some money for estate agents,and money…
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were to get a spreadsheet
my wife and i do my tax return each year ,, how ever the last retun we did we just added up the incoming and out goings on a calculator,, we ended up double checking then making a mistake,, and what should have been easy ,, became hard,,, on my old computer we had some simple spreadsheet which were on word??? you put in…
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whats classed as business milleage
my husband has a company van for his job as a builder. He pays all the fuel himself and the van (with very occasional excpetions) is used for only bsiness travel. He does not get any millage/fuel allownace from his enployer, and i was wondering if he was able to claim any back via a self assesmetn. As a builder he does not…
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First job after university - help needed regarding tax codes
Hi, I was wondering whether I could get some help regarding tax codes, as I want to find out how much money I will get to take home so that I can budget for rent/food etc. Here's my story: - I graduated from university in July 2010. Since then, I have been on jobseeekers allowance. I will start my graduate job in March…
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Has anyone had prmised after 31 dec letter from HMRC?
Hi folks, Just wondering has anyone had the promised after 31 dec letter from the tax people about the 098/09 and 09/10 underpayments that they had contacted us earlier about? So far this year I have had nothing. John
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prescriptions
Sorry did not know where to put this Northern Ireland - prescriptions are free of charge. Scotland – the prescription charge is £3.00 and will be reduced further every year until 1st April 2011 when prescriptions will be free of charge. Wales – prescriptions are free of charge. England £7.20 Surely this is not fair.
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Newbie help with underpaid tax please
I'e just had a letter through saying I owe £450 in tax for the year 08/09. I know it's not the biggest amount in the world but we're struggling enough as it is. I had a company car for 9 months over that tax year which they're saying I owe for. I know some people will say it's my own fault for not checking, but I don't…
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Help with PAYE calcs please
I'm trying to work out what my net increase in salary will be by opting out of the company car scheme and taking an allowance (as an increase to my salary and subject to PAYE) instead. I have all the numbers, I just need some assistance with the calcs please. Thanks:)
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Tax Band Query
Hi, Im am not sure if anyone is able to help? I have currently a salary of £35k and due to the new tax rates and tax bands which are due to kick in April, this now falls under the new higher rate tax deductions of 40%. I am due to get a pay rise of £1000 this year. which will bring me upto £36k I wanted to find out whether…
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Question on business mileage relief
My husband is employed and gets an annual car allowance on top of his salary (which gets taxed as income). This is not a company car through a company car scheme, which he could also have chosen. I read that if you use your personal vehicle for business you and you get reimbursed less than 40p by your employer, you are…
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Tax Code query with an underpayment from previous year
I am totally confused over my tax code for 2010/11. I have medical insurance (£228) and an underpayment from previous tax year (£89 gym membership) so my tax free amount was £6475 - £228 - £89 = £6158. However, I still had gym membership (£557 on my 0910 P11D), so my tax code was amended in Dec 2010 to £6475 - 468 - 89 -…
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Trying to pay HMRC
Trying to set up a payment for OH's tax PAO from our HBOS account, it does not like the account number given on the payment slip. I have sort code " 57-80-06 " and account number " 157 8006 " which it says is a NatWest account (I also have the reference number), it also says " SA300 Cumbernauld " Last year, January and…
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hopefully a simple question on tax
I have been working part time (12 hours a week average on 2 hours 6 days a week) since september i was being taxed since then and 2 payments ago i went to the tax office (i get payed monthly) and got my tax code sorted because i was obviously on the wrong one they told me they would send me a letter wiht my new tax code…
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What is taxable/non taxable for form R27?
I filled in an R27 before Xmas for an estate I am administering, and the HM Revenue have come back to ask me 'the amount of state retirement pension' paid to Mrs X in years ending 2009 and 2010. I've got the 'how your benefit is made up' letters from the Pension Service for the two relevant years, and obviously all the…
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Loss from previous years set off against income?
Hello I had a £457 loss from a small venture in 07/08. I managed to use £120 of it against income in 08/09 for the same business. That still left £337 unused loss. The business finished that year too. I was previously told that I could not offset that against anything else and it was just a loss confined to history.…
