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Tax Return For Deceased
My mum passed away January this year,and she as been sent a Tax return to Personal Reprentative for............... .It covers the period up to her death in January.The problem is we never discussed her income,as i am her son i assume this falls on me to fill in. Any idea on the correct way to approach this would be really…
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UK Tax when your living overseas
Basically, my question is along the lines of how you can be most tax efficient if your a UK resident, but now living overseas. I moved overseas last year. I've emigrated, and whilst I'll not say yet that it is a move absolutely forever, it is certainly for the foreseeable future. I wanted to ask about the most tax…
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Tax liability on services paid in kind?
An employer I've recently started doing freelance work pays me entirely in kind by way of horse riding lessons and related equestrian activities on site. Does anyone know what tax liability these kind of sports services have? I tried looking on the hmrc site but it seems primarily concerned with company benefits like cars…
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Advice needed on working abroad (tax, etc.)
Hello I work full time in the UK for a UK-based company. I am considering discussing with my employer the possibility of working from home after relocating to another EU country (for family reasons). I am not sure what the implications or complications would be of such an arrangement. I assume that my employer would still…
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Capital Gains tax
Hi I'm a married guy and an only son who inherited my fathers house when he passed away in April 2004. After emptying the property and decorating throughout, we tried selling it without success so decided to rent it out with a letting agent. I had my wife's name added to the deeds so we now own it jointly. The agent found…
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"We already have a reference number for you"
Not quite a tax cutting question, but one that might become protracted. I registered for Self-Assessment at the weekend as I am going to be doing an ad-hoc contract on a self-employed basis (in addition to full paid employment in a different industry). Because I wanted to make sure I have done it right, I phoned them…
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Tax free interest on savings R85 form.
Am unsure whether I am eligible to claim tax-free interest on savings, by completing an R85 form. At age 65, my state pension is nowhere near my personal allowance of £9940. However I have savings which increase my income. Much of my savings are in ISAs saved through the years, and am unsure whether interest from ISAs…
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self employed 2 jobs
i am registered self employed i work in the construction industry i am going to do another job to help suppliment my income ,that will be a taxi driver on a self employed basis do i need to do anything tax wise(apart from pay it) cheers
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Tax on a lump sum?
Not sure if this is the correct board for this, so apologies in advance if it should be elsewhere. I'm about to receive a small taxable lump sum of £2262.55. I work full time, my tax code is 747L. How much will I actually recieve? I can probably calculate the tax myself, but will NI be payable? Thanks!
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Once in a lifetime financial gift
My parents have very generously offered to gift me the deposit on my first house, but I am very worried about the tax implications of this. I have searched online and found that £3,000 can be gifted per year tax free, but I can't find anything about a one off financial gift. Does anybody know how much the government would…
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Self Assesment Student Loan Question
Hi, Sorry if this is not the correct place. I have a quick question in regards to Self Assesment. I have just finished my tax return, filled in for a grand total of £28 of income from mystery shopping (I got into it, but lost interest, story of my life). The total profit was £6 and the amount of tax they required was…
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I only have 3 years of reciepts for tax returns?
Hello all, Ive been self-employed for many years now. Ive come to sort through everything and I only have 3 years of books. What would the tax man say about that, if they asked to see my books? Would I be likely to get a fine? Thanks
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Tax Relief for College Tuition
Hi All Well I've just graduated from university and am going into graduate school. My parents are paying part of the tuition fee, are there any tax breaks/relief for this? Thanks Oliver
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Tax Code Confusion
I started my job as a primary school teacher in August last year, at the time my address was the same as my sisters (who also has the same inital and surname as me - we also used to work at the same workplace). When starting the job I sent off my new details including a change of address. For the first 6 months of working…
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Quick Question HMRC
I posted this previously on benefits board but no response. How long does it take for HRMC to pay money directly into your account once it has been processed/ authorised? Is it 3 working days like DWP? Many thanks.
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Inheritance Tax
A hypothetical question please. Say I currently own my own property (worth around £500k with a mortgage outstanding of £150k). I am divorced, aged 52, and I am thinking ahead and want to leave the property to my physically disabled 24 year old daughter (and only child) and at the same time minimise the tax burden. Can I…
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Tax refund question
Hello I have a tax refund question I was contacted by the entitelments agency about claiming back some tax on tools ect for the past ten years. To cut the story short I have had several p800's from the tax man telling me I am due repayment of £3816 :j Then I get a letter from the entitlments agency with a cheque telling me…
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National Insurance Contributions
Hi all, This week I received a letter from HMRC asking me to inform them how much NI I had paid in the last financial year, saying that they think I may have overpaid and may be due a refund. I have two sources of income. Main job and some extra agency work paid through a different source and so they want details of both.…
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Self Employed Courier driver....best way to buy a car?
Hi I'm a Self Employed Courier driver. I work alone and use my own personal car for deliveries. I'd say I use the car for 80% Business and 20% social I need to find a more efficient car, I have two options. Firstly convert my current to LPG or secondly purchase a Diesel. I've been told because I'm self employed I can add a…
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Tax refund and now they want it back!!
Hi - a bit of advice please! My stepdaughter has not worked for a couple of years due to having a little one, she has recently applied to see if she was due a tax refund. On Saturday morning she received a cheque in the post for almost £1,000 (fantastic you may think...), then this morning (Monday) she received a further…
