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Share allowance (CGT) includes rental income?
Hi, starting a new thread on this as i cannot find the answers online but is rental income that you pay income tax on anyway, also included within the 2011/12 CGT allowance? Eg, say i wanted to sell shares up to the £10,600 CGT allowance but i also have rental income of £3k, would i need to include this in my total gains…
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What am I owed?
Hi there, I hope I am posting in the correct place. I have been reading the forums and other web sites in an attempt to calculate what tax I am owed, but am still unsure. Last tax year, I have had two jobs - an irregular student part time job, and as of a week into January, a full time job. All the stats are here if you…
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Company Car fuel increase?
Hi, hope someone can help. My DH has just had a new tax code come through, but we are shocked to see that his fuel benefit calculation has more than doubled. We changed to car last year to a much lower Co2 model, so it went right down, then today a new notice came through saying fuel benefit was £4860. :eek: Co2 on the car…
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ESC A-19 Help Approved
I made a claim through ESC A-19 for the underpayment of tax identified in the P800 i recieved. I contacted HMRC by phone and informed them I was wanting to make a claim under ESC A-19, after a bit of discussion I was put through to the claims department where I again explained my situation. The adviser then informed me…
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self assessment and income from 2 small jobs
Hi, Just started to look at the tax form, my question is this: I earn money from 3 sources: Pension from past employer about £18.000 pa Income from present employer about £1,300 pa and I earn a small amount from two self assessment sources which i registered as self employed for last April. In terms of my tax return how do…
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Benefits in Kind
Can anyone advise when a Benefit in Kind stops being a Benefit in Kind? I worked for a major high street bank until May 2010 but am still entitled to a concessionary mortgage rate. Given that I am no longer an employee, does that mean that the concessionary mortgage is no longer classed as a Benefit in Kind? Giving me no…
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Two 'Agency' Jobs Tax
Hi Please can someone help?! I work between 22.5 and 30 hrs per week for my local hospital under NHS Professionals and have now joined the Community Nurse Bank - both of which provide no contracted hours, it's just a case of picking shifts up when they are available. My problem is that I can't say which one will be my main…
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Car Tax
Hi Just wondering if somebody could help with regards car tax. I used to have my car in my name and I was paid a petrol allowance each month. Things changed in the middle of last year and the car is now being classed as a company car and I have a fuel card to fill the car up during the month. I am then charged at the end…
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help! Work on the side - Don't know the best way to sort tax
Long term reader - first time poster. So I know someone on here can help me with the mega brains that use MSE! I am an ordinary PAYE person who pays 40% tax. However, one of my old customers contacted me to do some personal consultancy for them and i agreed. I did the work and now he is happy to pay me and it is a fair…
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Tax on savings
I probably know the answer to this but, Does the interest on any savings account have to credited on a yearly basis?
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incorrect D.O.B. on P60
Hi , just a quick question. My Daughter has just arrived home from work with her P60 , her first ever as she is in her first job. I ran my eye over it to check that everything was correct and have noticed that her date of birth is incorrect on it. Now , I will probably ring her head office tomorrow but in the meantime does…
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What tax should I pay on company car lease
Hi, really hoping for some advice on my tax situation as am being told different things by HMRC and my employer!!! I get paid a car allowance of £350 monthly on top of my salary. An amount of £293 is then deducted, before tax, to pay for a lease on a company car. The tax office originally reduced my tax code by the amount…
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Was i self employed ?help needed with working out tax!!!
:rotfl:Hi there, I was wondering if any body could help me out too? For a whole year i was working as a courier and was being paid by cheque each week. I confirmed myself as self employed last april and as of feb this year i have started working in an office and all my tax is worked out automatically for me each month in…
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Is redundancy pay income?
Hope this is the right place, I'm aware that the 1st £30,000 of redunancy pay is tax free but if someone is made redundant in say Dec, having earned £20,000, then got a £30,000 pay off, would that mean any earnings made from a new job, during the same tax year be taxed at the higher rate, or is the redundancy payment…
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National Insurance Problem, Please Help
Hello Everyone Me and my partner have a problem with her NI Contributions. She was made redundant in March and went to sign on. She then got a letter saying she wasnt entitled to JSA due to the fact she hadnt paid enough NI. She has been at her former employer for eight years. Just before she left the company it was…
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Council Tax Issue
Hey everybody. So yesterday I received a phone call from a removals bailiff stating that I owe council tax for a property I vacated in July and that I have to pay court costs and the Bailiff costs. After speaking to the council in question I discovered that the council tax is for a period of time when I was not classed as…
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Second Job - confused with tax codes
Hi hoping someone out there can help me! In 2007 I started working for a company full time. In 2009, the company split in two and I was paid for 3 days from one side (company A) and 2 days (company B) . My pay slip from company B shows a tax code of 653L and company A is BR. Someone has now told me that it really should be…
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New tax bracket rules
Hi all, I understand that the new tax increases are due a broken system and everyone needs to 'pitch in' to fix and minimise the deficit. I am due for an increase of about £250 increase a year on my taxes and NI. However what I don't understand is that how come people earning about £25,000 is due for a tax cut of about…
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reporting losses
hi there, it's the first time i am completing a tax self-assessment for my OH's business (a car wash). he started in august and we want to fill in self assessment as we need this to progress his residency status, so it is in our interest to show that we are making a profit (contrary to others i guess). the problem is, i…
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Council Tax & running a small business from home.
Question: I live in a one bed maisonette, it has 3 other rooms and measures 24 foot x 24 foot. Because I've been disabled since 2006 my wife gave up her work as an Adult Ed. Tutor of Counselling to care for me. She has since started a business from home as a counsellor, she also writes and sells student and tutor course…
