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How long will I receive tax rebate for?
Not sure where to post this so I'll try here! Three weeks ago I cashed in my BAYE shares and as they were taxable shares they were paid via work's payroll and I paid tax for them that way. The following 2 pay slips have shown a rebate of around £30, I was surprised when it happened the second time! Can anyone tell me if…
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divorceand capital gains
Hi - looking for advice - Back ground - Oct 14 I requested my husband to give me space as I felt our marriage of 35 years was on the rocks as his behaviour had become aggressive and erratic towards myself, he ended up in a mental institution for several weeks and then start of December he requested I move of our marital…
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Two questions about tax and working/benefits
Ok firstly I have never had a job for a period of a year where I have been paid and hit my tax allowance in simple terms i got a job id stick to it a couple months and then id be lazy and go on benefits. Which got me to thinking am I owed the tax back from the periods where I have worked as in that year from working I…
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Council Tax
My girlfriend is at university but I work full-time. We live together. Can my council tax get reduced?
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Tax Code Reduction given Partner is a Carer
I've been informed recently that as my partner (we are not married but live together) receives a Carers Allowance to care for my Stepson who is on PIP (Formally DLA) and she doesn't work I can lay claim to part of her Personal Allowance hence reduce my Tax Code or receive a Tax Rebate. Is this true and how do I go about it…
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£3000 limit for cash gifts
I know that the maximum amount you can gift to family or friends tax free is £3000 per year. Does this just relate to inheritance tax? If your total estate falls below the inheritance tax threshold of £325000 can you gift any amount of money to your family tax free? I've been searching the internet but can't find a…
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Rental Property - Claimable Expenses
Whilst I'm aware that the legal costs of purchasing a BTL (meaning the Solicitor's fees) are not tax deductible, are we able to claim the Land Registry Search Fees, Land Registry Charges, Registration etc. associated with the purchase (usually paid to the conveyancing Solicitor)?
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CGT after selling a rental property
I think I might be getting myself confused here, can anyone confirm that I have this "semi made up" situation right please - the background is im likely to buy a new property and rent out my existing one - I just want to confirm my understanding of CGT if I eventually sell my existing property. The situation is - I…
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can he claim tax back
my husband is working on short term for various companiess eg Dec14 to May15 at one place now with another employer for approx 6 months. Some work is via an agency some isnt. Can he claim back the tax paid on fuel to go too and from work? we have been told he can is this correct. Thank you.
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Sell or give property to children.
We had our house built so kept the bungalow we were living in and ended up renting it out after it was empty for a while. This was 19 years ago. We're now thinking of replacing it with two semis and giving one to each of our children.(It will be their only property) Should we sell/give the plot to them and then build or…
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Do I register as self employed?
I have recently taken on some weekend work to fit in around my studies (dance teaching and babysitting) Do I need to declare this money and register as self employed? My total income for the year will not be above my tax free allowance, I'm estimating about £8000 for the year between the babysitting, teaching and my…
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IHT question
I would like to know the IHT position regarding my mother. She and my father owned their house jointly. He died 30 years ago and left his half to my mother. She remarried 18 months later but retained the ownership of the house solely in her name. On her death would she be entitled to the double IHT allowance?
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How to treat self employed losses
Hi, newbie here so hope this is ok. I'm completing my first self assessment as I've been self employed for the first time in the last tax year. Previously I've been PAYE for years. As it's a new business I have a net business loss for 2014-15 of just over £2k. I was under the impression this meant that I could claim tax…
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tax implications of a pension withdrawal
hi all quick question, i have a pension pot of £20,000 that i would like to take as a lump sum. i understand that i will get 1st 25% of it tax free then pay tax onthe balance. 2 questions, i earn £28,000 p/a and am self employed, will the £15,000 take me into the 40% tax bracket and if so would someone tell me what tax i…
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Relocation Expenses Tax Credit
Hi, I relocated to the UK from overseas in tax year 2013/14 and was awarded relocation assistance (<8,000 GBP) paid in cash from my employer. When the relocation assistance was paid out, some tax was taken out of the full amount. According to information from my employer and information* on gov.uk, relocation assistance of…
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Transferable tax allowance for married couples
Hi, I believe in a previous budget it was announced that in 2015/16 you can transfer £1060 in tax allowance to a spouse. My wife doesn't have an income and this year I will be a basic rate taxpayer. Does anyone know how to go about actually doing this ? I've tried several times to search online and have tried twice to…
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Claiming Mileage Expenses - Not Self Employed
Hi all Firstly, apologies if a thread has already been opened around this but couldn't find one. Always used MSE but rarely post so pretty new to this. I have worked for the same company for around 10 years now as an employee. I regularly travel to different sites which I can claim mileage expenses for through our Payroll,…
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Dispensation from HMRC - do we need evidence?
This is going to sound a bit daft, but here goes. I work for a small charity, and I know we have a Dispensation from HMRC which means we don't have to do a P11D for everyone at work each year, because the only expenses we pay are refunding legitimately incurred expenses, eg travel. I remember getting this Dispensation, in…
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Rental income - what expenses?
Apart from the obvious mortgage interest, insurances etc, where can I look for info on what to claim as expenses again the rental income? Im struggling to find a good guide and as Im working full time now, I need to use everything available to me to reduce my tax bill.
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SA: Self employed and child benefit tax
Does anyone know whether the child benefit tax is paid back out of gross or net income? e.g. If you're self employed do you deduct the child benefit tax and then calculate the rest of your tax on that?
