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public transport
hi, I'm self employed child care (nanny). I use public transport to travel to my work. I would like to know if I can include my spending on public transport in my tax return. is it the whole amount or just some percentage of it. thank you for reply
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HMRC overkill
I am in receipt of a very small foreign pension - around £25- £26 per month. I understand only 90% of it is taxable, at 20%. I make that around £55 tax due p.a. When it began I informed HMRC and they included it in my tax code on my main pension. Now that say they want me to fill in a self-assessment form. I thought they…
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Question on PPR
I did some tax exams many many years ago. There was a rule relating to PPR that I recall from then. Can somebody tell me if the same rule applies these days ? Numbers are made up.. I buy a house in 2007 for £200k, move in and do some renovation. With renovation complete I have it valued in 2011 at £300k and then move out,…
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Why is it so difficult.....
To work out your tax? :mad: I was lucky enough to get a gross pay increase of £1912 this year. Of that, I'm taking home £876. I'm a higher rate tax payer. So I'm getting approx 45% of my pay rise in my pocket, and HMG gets the rest. Entering my monthly payslip figs into an on-line tax calculator, everyone I've tried gives…
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Inheritence tax driving me mad
I am trying to understand inheritance tax ("IT"), so when the right time comes, my family and I can plan for it. Below figures are to keep things simple and off course a solicitors advice will be sought when required. I understand the property inherited from my parents will be free from IT, if they live longer than 7…
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Inheritance/Capital gains tax advice please
deleted to prevent this appearing in internet searches
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Bringing Money from Abroad
I am an Indian origin UK Citizen work and live here. 1. I send more than 200K to India for investment etc over 15 years. Can I bring back the money I send over years without attracting any tax? This is the money already taxed once here What kind of proof I will need to say that the money I am bringing is the money I send…
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RE HMRC TAX,taxed then not taxed
In 2006 i took on a second job with Tesco and gave all detail of main job and tax was set and wage slips checked for around 12 months.Having set all bill's on either DD or S'order i carried on working from 8am till 11pm for buttons until one could no longer do it(or see the point)and left second post.Twelve months or so…
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PAYE refund Q?
Hi, Not sure where to post this so thought I'd try here :) I have 2 part-time term time only jobs as follows: Job 1 - I have been doing this for about 5 years. Its casual work on an as and when required basis (relief cover), 38 weeks a year, so earnings from this vary. Job 2 - I started last June, and as its my 2nd job, I…
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Buying a truck
Hi guys and girls, First post - go easy on me! I am recently self employed (sole trader), I consult on a full time basses for a Canadian company. My annual income is £30,000. I am looking to buy a Mitsubishi L200 2006 as a company vehicle. The vehicle will be used purely for business mileage. The truck is costing £7500 -…
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professional fees
I think I can claim back tax on professional fees, how do I do this? I pay about £10 a month cheers
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BR tax code on 2nd job Q&A
I work two part time jobs both the same hours 10 Both the same pay £6.25 a hour. So 20 hours total a week. my 1st job which i get paid every two weeks is my main job and i have a tax code 747L NORM. My second job which is monthly pay i am on a BR tax code. my final earnings at the end of the year on both jobs is £3120 x 2…
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Forms needed to claim tax back
As well as your P60 and a covering letter do you need to also include your P45 when making a tax refund claim? I didn't give my new employer a P45 so I need to get them to give me a P46. Do I send this instead of the P45? Many thanks.
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BR code Help pls!
My Pal was sacked by her employer few months ago. She's back to work though taken as completely new employer. She was paid last week but on emergency code (i.e BR!). She gave them P45, P60 etc so that she can be taxed normally. She has given the employer the P45 again. What can she do to the money she lost due to…
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tax on savings
can anyone tell me if I can save tax on my savings by transferring all of my savings into my wife's name,indeed would it legal. She does not work and I am retired but pay income tax on my small pension where as my wife no longer has any income.:beer: Doesn't that nice man who owns BHS do something similar.
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Transferring Unused Tax Allowance
Dont know if anyone can give me some advice/info. I took voluntary redundancy 3 years ago at 62. I only had a very small pension on my DH's contributions. I understand that I can transfer any unused portion of my tax allowance to my husband (he has a small co pension on top of state pension & pays some tax) If that is so…
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CGT foreign property loss offset
Hi, My parents are trying to sell a property in France that has been a money pit and their losses will be around 30k They also have a rental property in the UK to sell the purpose of selling both is to pay the mortgage on their home and its a close call. The UK prpoerty will make a gain of around 50k less both their…
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Money Gift But Now Gifter Seriously Ill - Tax Implications
Over the last 4 years, my parents have been kind enough to give my wife and I quite a lot of money, in the form of a few gifts (£5k,£25k and £100k gifts plus a few smaller ones). The total sum has added up to roughly £166,000. They made a similar number of gifts to my brother and his wife. We all live in Scotland. I had…
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Death, minimising tax and trust funds
Hello - virgin poster and apologies if this is in the wrong forum. I need some help please. I have a friend who has asked for my assistance. Very briefly: He lost his wife a few weeks ago and has children that he wants to provide for. As well as life insurance/death in service/pension(?) regarding his wife he's been given…
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Self Assessment Statement
Self Assessment Statement arrives through the post. Mr AO owes the tax man £0.60, On the lower section under the "Amount Overdue £0.60" it says.. I'm thinking, hmm i best pay this. I dont want to pay interest on the £0.60, i switch over onto the rear for the payment options, where it says Logged into the bank, ready to go,…
