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Child Benefit charge and salary sacrifice
Hi, I earn £51,000 a year but pay 10% of my salary into a pension through salary sacrifice. I have one child for which I claim child benefit for. Do I need to file a Self Assessment return with HMRC as my notional salary is above the Child Benefit Charge limit (even though my official pre tax salary is under it, so won't…
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Tax Bill - Advice needed please I am worried sick
Please can anyone help me. I have received a demand for just over £3,000 which relates to when I was self employed and worked as a Mystery Shopper for a year about 4 years ago. I rang the tax office once about 3 years ago for some help but came across a very obnoxious young man who obviously wasnt interested and since then…
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if i live in a property that was once buy to let, will i pay cgt when i sell?
Following a relationship breakup , I've moved into a property that was a buy to let. It's too big just for me so I can't afford to stay here long-term and I'd like to sell and buy something smaller. I would however have a large cgt Bill if I did. If I live here for a year , will I still have that bill? I want to do…
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DeputyShip of property & bank accounts of elderley grand paranets
hi is DeputyShip really necessary as it seems an expensive option. Or is there an alternative option. (DeputyShip of property & bank accounts of elderly grandparents) Solicitors have told me around £2-3,000. many thanks
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Most effective trust to protect father’s house?
I am trying to work about the best way to protect my father’s house from future tax and potential care home fees. Having done quite a bit of research lately, I would really appreciate any feedback to my findings thus far from anyone with any practical experience of this. My father is 78 years old, in relatively good health…
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Inheritence tax Q.
Hi...My 80 yr old MIL says she has to "Register" to claim here late husbands unused Inheritance tax quota. I think this automatically gets transferred . Am I right? thanks
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dormant ltd company
how do I prove a ltd company is dormant and how do you file accounts to rpove its dormant
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Self Employed and full time
Hello, I have been working as a full time since June and I just started (August) working as a contractor tutoring high school students in my free time in Savannah, Georgia. I have been doing a lot of research on whether I should be paying quarterly estimates or not. By the end of the year, I will be making about 40,000 $…
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Self Assessment and CIS
Hi people I need some guidence completing my tax return. The first thing is that I have an Ebay business as a Sole trader that part of it I understand Enter your Total Income minus costs and expenses,what Im stuck at is how CIS fits in because Im registered to CIS as a BT contractor and have everything in place with a UTR.…
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SA - State pension entry
Hi Guys Sorry for asking a dumbo question.... I am completing my Mother's tax return, and "stuck" with what I enter in the UK Pensions box 7. She is widowed, and received the state pension into her bank. Has this amount already had tax deducted? If I look at the amounts over the tax year, it does not add up to the full…
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0T tax code, and uniform laundry query
Hi all I started new job 25th August, missed pay cut off for August so got paid for 5 weeks work on 28th September. But I have been taxed on the 0T tax code rather than a normal one. I did hand in my P45 on day 1. My questions are: 1. Will the tax code situation sort itself out or do I need to contact HMRC to arrange it…
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Reclaiming Tax From a Holiday
I went to Canada a few times with my Grandparents when I was younger and remember them keeping receipts because they could claim their tax back once they were home. We are going to France, Belgium, Amsterdam and Germany next week and I was wondering if it is possible to claim the tax back there, or is it not because I live…
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tax code 999L
Hi noticed my code 999l this year and been slightly different for last 5 years. One year I used my car at work for a course and claimed petrol back and someone said this is why. I havent used my car for anything similar for 3 years. How do I notify tax? Does it really make that nuch of a difference? Thanks
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Salary sacrifice P11d bik help
Good morning, I was wondering if anybody can help me as HMRC were a little unhelpful. I have been offered a salary sacrifice company lease car which seems like a no brainer until I take into account the bik tax. As the cars I'm looking at are over the 120co2 ruling then the tax is pretty hefty. My question is, if I am…
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Government Gateway Login Problems
I tried to log into Government Gateway tonight to start my 2013-14 tax return. Bearing in mind I have been using the same user ID and password for nearly 9 years with no problems, have kept details such as change of addresses up to date on there. But tonight - I can't long on. ?It doesn't recognise my user ID. So I get a…
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Probate & IHT
My mother had all their savings in her name at the time of her death as my father was a tax payer. Her entire estate was left to him. He has now died & I'm trying to sort things out. Her estate was below £350k. His estate is below £325k & I'm filling in IHT205 & IHT217 as per HMRC instructions to transfer the full £650 non…
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Tax relief/rebate on washing tea towels on behalf of employer
Hello. The wife works in a food retail store-Nisa to be prescise. She is claiming a tax rebate for washing her work uniform and shoes for work for the past 4 years. She works in the bakery section and takes home the tea towels to wash which dry the bakery utensils. She does not get anything monetary from the employer for…
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Offset a Capital Gains Loss last year against this years Income?
Offset a Capital Gains Loss last year against this years Income? FYI : I am self employed and this is while doing my tax return as self employed. Hi All, Last tax year I sold a rental flat and made a loss of about 5k. I filled in the form SA108 so under the box 10 "Losses available to be carried forward to later years" I…
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avoiding SA tax return
I spoke to an accountant recent regarding various matters including my Buy2Let She said I just needed to write a letter to HMRC of rent income less allowable expenses. Cant remember number exactly but think it was £2.5k profit (or £5k for a couple) could be made without needing to complete a tax return.. The accountant…
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Help me
Right here goes. My dad is on pension credit and doesn't work. I own a flat and I moved out to live with my boyfriend (my dad and a sibling who later moved out, moved in with me as they had no where to live). As I wanted to live with my boyfriend I needed to move out because my dad wanted to keep living in the flat and…
