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Are husband and Wife separate for tax purposes
If I earn £40k and my wife starts a new job earning £10k, do either of us pay more tax?
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Getting in touch with HMRC - never available on the phone
Hi Am sure maybe this has been done before - but I want to talk with HMRC re my tax code as I think it is too much. I have called about 10 times. After saying lots of info and making five minute calls they say demand is high and goodbye :mad: Does anyone know the best button options to get hold of a real person or any…
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voluntary class 3 ni contributions
Hi, I would like to start paying voluntary class 3 ni contributions. I have read the guidelines for online banking. My confusion is with regard to the reference number. I have not alerted HMRC that I would like to start paying these contributions, must I do so? If not what can I use as a reference number? Thanks
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Need some help regarding everything self employed
Afternoon all, My names Cameron, I have just started as a courier for yodel, i am classed as self employed. They pay me 2 weekly or so, i use my own vehicle. What should i be applying for tax wise? What should i be keeping records of? Should I speak to an accountant? So far, i have made a folder with invoices, petrol…
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Purchasing a Car as Self-Employed
Hello all, I'm considering buying a car over the next of months and was wondering if people had advice on claiming it back as Tax. I read through the GOV website and calculate that I will be using the car for five days a week on work-related travel. I'm considering an i10 as I believe low-emission cars are important to…
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Help with IHT
Hi all, My dad will pass away at some point this year - terminal illness. It happens, will no longer dwell on it. A fairly long post and quite a few questions! I feel I have a decent understand of IHT (yet to consultant a professional, but will do soon). The status currently: Parents are married and own their home It's…
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How to avoid inheritance tax?
Hi all, Simple situation: my mother intends to avoid inheritance tax on her estate that is over £600k. We are aware that we can make annual gifts of £3000, but that won't suffice for us. So, how can she avoid paying inheritance tax on her estate? I myself will be moving abroad and not returning to the UK. Would I have to…
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CGT on inherited house.
Hi, I could do with some advice here about my mother's flat. She died last year and we have nearly got probate sorted. The will states that my brother has a lump sum, and then the rest is divided between us equally. He was her carer and had lived with her for a few years before her death. We are handling this by slitting…
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Gifting a house
I have joined up to hopefully clarify a few things Im 28, have lived in the family home, me and the 2 parents. Which is owned outright. The dad also has owned another house which was transfered to him years ago, from his mother, who carried on living in it until recently as now she has had to go into care, It is also owned…
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Taxed on expenses
Hi not sure if I am posting this in the right place so apologies if it's wrong. My colleagues and I have been relocated for our jobs, we have been told that we can claim our travel expenses (ie public transport costs and daily payment for cars) for the next three years. However we are going to be taxed on this. Is this…
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I won a holiday at work months ago and now being taxed!?!
I won a holiday to Miami for 4 days through a supplier to the company I work for back in November, I have just been told by our accounts department I am going to be taxed on this (value £2200) I was never told this at the time, is this correct?
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Travel expenses of a self-employed window cleaner working from home
Hello everyone, I am just starting up a self-employment as a window cleaner. I work from home. So, from the taxman’s viewpoint, I do a so called itinerant job, and I should be allowed to claim as Income Tax allowable expenses not only my daily journeys between my individual customers, but in any my working day also the…
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Are exempt CGT gains added to total annual income?
I inherited part of a house and sold it recently, the total gain between inheriting and selling was just under £10,000 so covered by my annual capital gains allowance and no CGT to pay. At the moment I'm a basic rate taxpayer paying by self assessment. When it comes to this year's tax, does the £10,000 get added to my…
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Car allowance covered with hired car
Good afternoon, as a part of my new job, I had the option of getting a company car or a car allowance. As company car I can get a Mercedes A180 or a car allowance scheme of 4000£ on top of my salary of 39,6K. I have opted for a car allowance as my business mileage will be very low (below 3000) and I will be mainly office…
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P60 - wrong ?
finally got my P60. The amount showing in the "Pay and Income tax" section shows an amount which corresponds to the "Taxable gross" on the week 52 payslip. Q.) Surely the amount showing should be the Gross Income for the year, which is a lot more ? The tax deducted is correctly shown. There are no pension contributions…
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Council tax - New property, no band!!?!
Hi All I've just moved into a lovely 2 bedroom brand new flat in south London. It's so new that there is no band yet. I registered online for council tax and received a letter telling me that they are: "Unable to advise how much council tax is due, or send a bill, because a band has not yet been set for your property". It…
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Self Assessment/ Expenses
I am a Vehicle Delivery Driver, and, as I believe is usual in this line of work, although I work for only one company, I am self-employed. I am doing my self-assessment tax return for the first time and would appreciate a little guidance. The company pay me for each delivery, per mile, and pay my fuel, and traveling…
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jools
My father passed away 15 years ago, and just recently my mother has passed on too. My brother and I have gone through her papers and found that 15 years ago, she put my brother and I on the deeds. We just want to know what kind of tax will we need to pay, would it be gifted tax or any capital gains tax. The property was…
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Savings interest tax 2014-15
Hi, I've tried using my preferred search engine provider but 'am still unsure of a tax issue; any help would be appreciated. For example, suppose no income whatsoever FY 2014-2015 other than (say) £1000 savings interest gross. Is tax due at 10% on this interest?
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tax on a bonus vs capital gains
Hi, Not sure if anyone is an expert in tax or could possibly help.... My employer will be selling something on my behalf (some intellectual property of software - there's no disagreement about who owns the ip, I'm comfortable with all of that...) However I will be in line for a one off payment as part of this sale and my…
