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Can I have some of my husbands tax allowance
We are retired couple and I only receive a small pension which is approximately £90 per week. My husband is paying tax on his pension, is it possible for me to use up some of his tax allowance?
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Purchases for 2011 tax year?
A question came up at the weekend: a shop in which I was spending a lot of money on "allowable expenses" had a 15% discount day. But I wanted to offset the purchases against NEXT year's tax. I bought the items on a credit card so that I will technically be paying for them in a month's time, within the new tax year. Will…
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Two CGT questions - one urgent for this tax year
Any advice appreciated: 1) Property CGT. I have just moved out of a property that has been my main residence for the past 10 years. Property bought in 2001 for £210,000 Was main residence for 10 years until 2011 when valuation was £380,000 Property then let out for 5 years until 2016. Property sold for £400,000 in 2016.…
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Income tax fiasco!
Hi all, I'm desparately after some help please!! To cut a long story short, I'm a doctor in full time employment with the NHS. I also do some extra locum work occasionally. I just received my new tax codes through and rang the tax office to query them as they had changed - don't have them to hand currently. The guy at the…
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Tax Code Query
I need help please, my tax code has been split into to 486T normal for my wages and 261L which they claim to give to job seekers however, though my job was only temporary, I have been lucky enough to make my role permanent. Though I was on job seekers I do not plan on going back on it and don't feel that job seekers should…
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P800 PAYE tax repayment advice help!
Hi everyone ! I have received a P800 notice which covers 2007/8 to 2009/10 Total amount owing £5600 ! Had previously being informed about £2400 of this (8/9 and 9/10) and had been advised that this would be recovered via 11/12 tax code. ! Just received a further revised notice including 2007/8 £3200 which relates to tax…
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ESC A19 claim if already repaid ?
Hello everyone, I have read with interest MSE's:money: recent article on ESC: A19 claims which brought my attention to it's existence, I feel I have a pretty strong case:- - June 2005 - Started new employment with company car but unbeknownst to me (a tax novice) did not pay car tax or fuel allowance until... - July 2007 -…
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Letter about unpaid tax ?dodgy
Hi everyone, I recieved a letter in the post saying i didn't pay tax on bank account interest in 2007/8 and that I needed to contact HMRC to give them a load of details about my bank accounts/income etc. I'm hoping someone on here can reassure me cos there are a few things that seem a bit dodgy about it to me: 1. It is…
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P60 entitlement
Can anyone tell me definitively whether if you leave part way through the tax year, if your previous employer HAS to send you a P60 with the figures up to the date you left. I am being told that an employer or a payroll administrator does NOT need to send you a P60 (even tho they produce one for the Revenue) as you will…
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Capital gains tax, gifting, private principal relief on rental property
For all tax boffins out there:- H & W bought a property for £80K in 1997 as tenants in common. They lived in it as their OMR until 2007. It has been let out since then. H became HRIT in 2010/11 and so H gifted 49% to W, who is BRIT, in March 2011 at nil gain/nil loss. W has beneficial ownership of 99% of the property. If…
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Monetary gift from relative abroad - any UK tax due?
Hi Guys! Need some advice please: - I'm a UK citizen born-&-bred (living full time in the UK as well); - a wealthy elderly relative (great aunt) living in Asia, who's not a UK national/citizen but has visited the UK as a visitor from time-to-time, wishes to gift me in excess of £50k; - will the gift of money be subject to…
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which most tax efficeint mortgage to pay off
hi we have recently sold our house and are considering the option to transfer £70000 old mortgage as the rate charged is .95 over bank of england base, on an interest only basis. (17 years left to run) Currently calculates to £73 a month. I have several buy to let houses with small mortgages on that finish in about 10 - 12…
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Self employed - tax
Hi this is my first post here so hope I am posting this correctly. My partner has been self employed for a year and has received a tax bill for £189, thing is he only earned £4728 is this correct ? he has written and questioned this amount and is now getting threatening letters advising that it will be referred to a debt…
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Capital Gains/Inheritance Tax Query
Perhaps someone on this board could give me a bit of advice on the following please. My Dad ran a business for years from a property he owned. About 12 years ago he registered my oldest brother on the deeds for the property and a short time later he retired. Both of my brothers then started to trade in partnership from the…
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Got a Co. car, think tax code wrong
Hi, I have a company car, have done since december 2009. The problem is I am certain my tax code is wrong but cannot get anyone to acknowledge this. Once I got the car, my tax code reduced from the normal personal allowance to 242L - a massive reduction. I paid this until November 2010, following correspondence with HMRC…
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new tax code
Should I have received notification of what my new tax code for the year will be?(cant remember what the official forms called sorry) I always thought that they were sent out before the new tax year started. How many people reading this have received theirs?
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Gifting a flat to daughter - avoid Death Duties
If I were to transfer ownership of one of my flats to my daughter - but not tell her. I would save her death duties (if I live 7 years that is). By not telling her, I would not curtail any get up and go she hopefully has. Can anyone see any problems there? Ludmilla
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Should I have a new tax code?
So I spent September 2010 - March 2011 on an emergency tax code. In a nutshell: May 2008-August 2009 - full time employee (work placement) September 2009-February 2010 - student February 2010-July 2010 part time subcontractor (still full time student) August 2010 - unemployed graduate September 2010 - 2 week stint as an…
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How long does it take to trf shares to a spouse?
Hubby is thinking of going freelance and has sold his CGT allowance worth of shares this year. Have we left it too late to trf some into my name for me to sell them as a buffer for his freelancing?
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Claiming mileage to work??
Just wondered if anyone can help with a tax query? I live in one city and commute to another for work, I normally travel to my office but for 3 months this year I was working on a building site within the city I work. My contract states that my place of work is my office and I was not given travel expenses as I would've…
