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Just Received a 'Check of Self Assessment'
Since Oct 2008 I became a fulltime employee and asked my tax office to stop sending the self assessment form. In 2009 they STILL send the form to me so I decided to fill in the Self Assessment anyways and thinking as my employer deducts the tax from my salary I would just fill the boxes with £0.00. In the 'Check of Self…
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Council tax repayment
Hello everybody. I have a quick question regarding council tax... My partner was living in Luton from July till mid September and was renting house with another person, they did not pay council tax at the time, now he has moved to London and that another person still lives in Luton. and about a month ago my partner…
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Capital Allowances - Vehicles
Hi This is my first year for a self assessment and I would like to complete it without recourse to an accountant. It is only capital allowances that I am struggling with. I registered as a self employed driving instructor in November 2010. I had been training since before the beginning of the last financial year and took…
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Inheritance Tax advice please
I really need some help please. My granddad is selling his house to give his 3 children the money (1 of which is my dad). I think they’re getting £40000 each and I’m worried that my dad does not understand how the tax works. Could anybody give me some advice please on how we can avoid the tax (legally) or were I should go…
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Incapacity benefit payment while sel-employed
I would like if possible clarification on which Self Assessment tax year to put incapacity benefit payments while self-employed For example The period that my books are made up to each year which is 30 April (would I count benefit payments in this period and submit at the same time as earned income for the same period) or…
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non uk tax payer buying a used vehicle from a dealership--vat claimable?
İ am pondering buying a motorbike to use outside the Eu and was wondering if i buy it from a vat registered dealer in my wife's name(she is foreign and non tax registered here) if we could claim back the VAT --the bike will be exported permanmently.
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Tax and the UAE
Hi all, Ive accepted a job offer in The UAE and am needing a bit of clarification about a tax issue for this country. My wages out there are tax free but would there be any issues in getting them paid in to my UK current account? Would there be any tax to pay? Would it be ok to withdraw money in the UK or am i likely to…
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tax underpayment
Hi, Can anyone help me here please? I was working for a company for a few years and my employment ceased with them in 2008. I received a p800 in the post back in february this year saying I owed a vast amount of tax for the year 2008-2009. During 2008 I was on maternity leave since february, maternity leave ended in…
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Taking control of a family trust fund - Any advice welcome
Hi I am on of four cousins who will shortly be taking control of the assets held in a family trust fund. The plan currently is to retain the assets (some land and property) and continue to rent these out to retain an ongoing income. The CGT / IT situation etc from the winding up is being taken care of by the trustees, but…
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can I avoid Capital Gains
Have rented my flat out for the past 25 years. Rented and travelled around. No pension, no cash, need to sell, how can I minimize my capital gains position, could I return and live in the flat, would that help, if so how long would I have to live there to neutralize my tax. Oh dear if only ....
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Working From Home - Energy
Hello, I'm about to advise the Inland Revenue I've been working from home for the last 6 years as they will pay £2-£3 per week towards my gas/electricity. I work for a company however my contracted place of work is from home. Will the Inland Revenue attempt to tax me more if I advise them I work from home? Thanks
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Capital Gains Tax
I own the freehold of a house in london which has been divided up into 4 flats. I sold one, 20 years ago, I gave 2 to my son, and I retain 1 which I have rented for 20 years. I live in a rented cottage in the country. Although I gave my son 2 flats I do stay with him when I come to London, and I pay council tax on one of…
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Hypothetical Tax Question
This will probably say a lot about me, but its 8 am and this question has been bugging me for hours this morning. So much so I've decided to re-register on here and hopefully find the answer. There are a couple of parts to this question. It;s really about using a company as an efficient investment vehicle. I would like to…
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State pension wrong in Notice of Coding ?
[FONT=Verdana, Helvetica, Arial]I am helping an elderly relative fill in an R40 tax reclaim form for the year to April 2011. The Notice of Coding she received last Spring for the year to April 2011 gives her State Pension as £7964, but the pension letter received the same weeks shows it as £160.54 (£8348 per year). That is…
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No P60 for 4 years
Evening folks, by any chance does anyone work for the tax office or know a lot about tax? My poor Dad is under huge stress at the moment as he has not been receiving P60's from his boss for 4 years. He works for a very small company and works his behind off for £6 per hour, he is not used to dealing with this kind of thing…
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Furnished Holiday Let Tax Question
Not sure if anyone can help me. I sold a flat that was being rented out as a holiday let the beginning of August 2010 which was sold for £1K less than bought for. I have a couple of queries : 1. Can I offset any of the Estate agent fees, HIP, mortgage redemption or solicitors fees as an expense on my tax form? 2. STHL have…
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Cash gift
I have been offered a substantial amount of money from my parent to pay off the mortgage.:) Do I correctly assume, that as the value of my parents estate is much less than the inheritence tax threshhold, neither of us will be liable to pay anything.
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grandmother past away and had two tax codes
We are just filling a tax form in as my grandmother past away, after looking through all her paper work it looks like she has had 2 different tax codes for quite a few years is this right.
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Capital gains tax query
My wife owns a 2 bed house in Glasgow which has been let for the past 10 years whilst we lived and worked overseas. It was purchased around 15 years ago for £53,000. We retired last year and moved back from overseas (rented property) and bought a house for our retirement in the West of Scotland and re-mortgaged the Glasgow…
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Summons due to wrong address
Hello, I recently moved from my flat on the 01/Feb/2011. I left on that date because the new tennent I decided to rent to moved into the flat on that date. I moved around a little for a month in flat shares before finding my own nice place to rent in the same borough on 09/March/2011. I was there a week and decided to…
