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Working From Home
I currently work full time paying income tax through PAYE. I've now taken on another part-time job as an internet assessor (found through the Up Your Income board), working from home for between a minimum of 10 and a maximum of 20 hours per week. Obviously for the job I need a pc and internet connection. I currently fill…
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Single Occupany Discount re: Council Tax
A while back I was contacted by my local Council Tax Office who informed me that I had a "financial association" with another person at my address. I soon realised that they were on about my nephew having his mail sent to my address because he was constantly travelling the country working at riding stables and was never…
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Council Tax
Hi, Hoping someone can give me some advice. Me and my fiancee are thinking of moving in together. We both own property (flats) which we are currently living in. We both currently get single person discount on our council tax. Obviously, if we moved in together we'd lose this - but would we get a discount or allowance on…
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Gifting Money & HMRC
Am I free to give my adult sons money as I've heard HMRC rules state you can only gift £3000 in any one tax year. If you gift more, you have to survive for 7 years from the date of the gift or else what? One of my sons is struggling desperately to save a deposit on a house and I have savings. Can I write a cheque from my…
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Sign of the times - cut back in HMRC's coverage?
I went to a central library yesterday. It used to be a 7 day a week offering before the cut backs with evening openings - not any more.. It shares a modern building with other local authority services, including Citizens advice. There used to be a section of these offices where half a dozen elegant chipboard hutches were…
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Approved Shares & Company Buy Out
I work for a US owned public company that is in the process of going private. At closing all unvested employee held stock options will vest and be subject to cash pay out by the buyer at the purchase price. UK employees hold stock under a HMRC "Company Share Option Plan". This is normally subject to tax relief from Income…
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Stamp duty & gifts of money.
Could have put this in the House buying section.... but here it is. If persons A & B wanted to buy a house and decided to buy it in person A's name because they would be a 1st time buyer, and would thus not pay any stamp duty....... If subsequently, person A was to "sell" a share of the property to person B of less than…
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brother stays at mine weekends, council tax?
hi all, my brother works away from home and has his own flat at the town where he works, which he obviously pays council tax for. He is currently still a name on my council tax, from when he lived here. Now, he just comes here most, but not all weekends. gets here friday night and leaves sunday lunchtime can i remove him…
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Another tax on rent query
Not sure where I should have posted this – sorry if its in the wrong place! My father has just died and part of the estate is a house which is already rented out (he was in a nursing home). My brother just wants to sell it but my 2 sons and I would rather hold onto it (and the tenants) for a while longer so we intend to…
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Tax on rental income.
Hi! Quick question: After searching the web it appears that if the rental income on a buy to property jointly owned by myself and my partner (not married) is paid into her bank account then it is taxed at her rate? This is providing we have an agreement - just how formal does this agreement have to be? Is it best to have a…
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Employer not breaking down pay on pay advice
Hi I work for a company on an ad hoc basis but am treated as an employee. When I do a job for them I get paid a fee plus 23p per mile for travel and any other incidental expenses incurred such as car parking. Up until a few months ago I would get paid every two weeks and on my pay advice each job would be broken down into…
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Council tax single person discount - do I qualify?
I live in a 2-bed flat with one flatmate in a joint tenancy. My flatmate suffered a bereavement a month ago and moved back home to support her family. She has now decided to make this permanent, and given me notice on the tenancy. I am taking over the tenancy in the short term, and will be responsible for all the rent and…
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Tax on lettings
I have inherited a house that I plan to let I am a basic rate tax payer my husband is a high rate tax payer Should I transfer into our joint names so that when we sell we can both share the capital gain and he can then give 100% of rent to me as my income or should I keep the house solely in my name for tax purposes Can…
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Transferring an unused Inheritance Tax threshold
My husband died in 1997, he had no assets, he left nothing. I have a daughter (who wasn't his daughter) and am thinking of what I should do to minimize my death duties. My estate will be over the £325,000 mark, so anything after that she will have to pay 40% on. However, someone mentioned this to me: Transferring an unused…
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P46 after working abroad
I phoned the HMRC helpline to ask what I thought would be a straightforward question, but: 1) their computers were down so they couldn't look up my specific situation 2) the person answering hadn't been trained in anything to do with split years and people going or coming from abroad, and said I'd need to speak to a…
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Clarification for tax on my second job
I have two jobs. 35 hours in an office and 5 hours in a library. Previously I was able to apply for a tax refund on my second job as I was being taxed without the benefit of the tax allowance. This year - when I applied I had a letter back from HMRC stating I had paid the correct amount of tax on the second job. What has…
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tax question
Hiya Just wondered if anyone could help i have worked a full time job all of this year & paid normal tax etc but am just about to leave the job & was going to do some promo work until march next year when i start my new job how would i go about sorting my tax out as surelly that would mess things up being self employed for…
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Capital gains tax
My dad bought a house in 2008 for £287000. He converted it into two flats which are currently worth £200000 and £160000. If my dad was to decide to transfer one of the flats to me and one to my brother would he have to pay capital gains tax on either of them? Thanks in advance for reply. Additional info: He spent £30000 on…
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New tax code
Hi I was working as a contractor through a Ltd and am now permanent as of April 2011. HMRC sent me a letter today stating I'm now moving from 747L to K160 tax code, stating I received taxable benefits at 1600 more than I should have. They stated I had £9,090 extra savings income (which is nonsense!) My only taxable income…
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Wrong National Insurance Number
Having been in a new job since July 2011, I have just realised they have got one diget wrong in my National Insurance number. I am being taxed at basic rate (Tax Code BR). Do I have to tell my employer or can I just ring the tax office and explain? I don't see the boss very often at all. I have 2 other jobs which my tax…
