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Uniform tax repayment, how long did you wait for payment into bank?
My husband got a letter today, he applied for a tax repayment due to having a uniform for work. Anyway we got a form to say he was due a repayment and it would be in the bank in a few days, it was issued on the 9th of July. We are still waiting, how long did you wait? I was wondering what they mean by a few days I mean the…
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CGT- Which solicitor's fees?
I sold a property last year (not my home) and made a gain. Buyer A pulled out, and the solicitor charged me 50% of his usual fee. Buyer B completed a few weeks later (all within 2014-15 tax year). When working out the gain, can I include both of the solicitor's bills? The bill for Buyer B is clearly eligible, but I'm not…
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IHT Family Holiday.
I have been diagnosed as terminally Ill, with a life expectancy of six months. I own my own home, I have no other money nor assets except my home, It is worth more than the IHT threshold. I would like to take my family on holiday and pay for them and a carer to take care of me whilst I'm away. Can I take out a loan to do…
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P11D/Self asses question - Company Car
Hi - Just hoping someone could share their knowledge - On the self assessment under "Taxable benefits and expenses" there is a box for Company Car Value. This figure should come from the P11D. Should you add in the total cash equivalent of the car figure or 40% of this figure? (for higher rate tax person). thanks.
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First buy to let
Hi All After some advice as I'm trying to get into BTL for first time and getting different advice from interneet, etc. so apprecaite any advice. I live with my partner (we are not married) and our 6 year old daughter. I am a higher rate taxpayer and my partner is part time child minder on £10k earnings. I want to buy a…
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CGT on BTL property where i have lived
I plan to sell one of my houses next year to release the equity. I am a high rate tax payer. It was my primary residence for 2 years, and when I sell it, it will have been rented out for 5.When I left, shortly before I remortgaged and got a valuation for £250k. I should be able to sell it for £330k next year. I have seen a…
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Employed & Self employed NI contributions
We have tried to find answers to this complicated question on HMGov site & there are many conflicting answers. Since 1991 my husband has done exam marking for a professional body in addition to his full time employement. the self employed income has never gone over the small earnings limit and he has always declared this…
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Adding my Wife to the deeds of my BTL
My mortgage on my BTL (which was my and my Wife's first home together) is coming up for renewal. When we first bought the house in 2002 I did not put her on the deeds or mortgage application. Now I want to add her to the new remortgage application for a couple of reasons 1) she can share the income 50/50 and we will pay…
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Marriage allowance and carer?
So my friend tells me about the new marriage allowance but I don't know if we are eligible. The situation is.... My husband earns a full wage, but I earn a week £62.10 carers & £26.99 pt job. So a total of £89.09 a week. I'm really not sure if it applies to us, because I am only allowed to earn up to £110 a week being a…
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Scam? Big Brother? or USA takes over the World?
This morning my elderly mother received a letter and some forms, purportedly from Saga Personal Finance with whom she has an investment product. It is headed up... "We require some more information from you for tax purposes" Fair enough you might say but the letter goes on:- "We are writing to ask for some additional…
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Tax Return Help Birmingham
Hi, I am looking for a good person to help me file my tax return, does anyone have someone they can recommend in the South Birmingham area and what sort of cost can I expect ? thank you .
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childcare vouchers
My husband and I both get the full amount of childcare vouchers per month (£243), our son is starting school in September and we will be reducing them by around £170 per month. I earn more than my hubby, so who is the best one to reduce their vouchers to save the most on tax or doesn't it matter?! thanks for any advice
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Is this right?
Hi For the first time (like many) I have fallen into the self assessment rules trap because I earn more than £50K and have children. I found out that I had to register for self assessment and so I did giving all my details. I was a little confused and thought that I would have to fill in a self assessment form for 2015 but…
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Taxable bonus - rebate?
Hi MSE followers, just a wee question which I hope someone will be able to help with. I am one of the fortunate ones who will receive bonus this year within my company. This bonus will be taxed as it is paid along with monthly salary. This will mean that I will pay more NI and PAYE for this pay only. Will I be able to…
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Reclaiming VAT on Car Lease
Hello Not sure if this is the correct forum so perhaps you can redirect me if not. We have a car leased on a 4 year personal contract, almost finished and someone mentioned today that they lease a car but on a business contract. They said they get away with this because they show they get paid a company car allowance and…
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Capital Gains Tax - Rent a room
There's been some debate on the housing forum with many posters absolutely convinced that letting rooms to more than 1 person would create a capital gains tax liability. What I want to know is -- Is capital gains tax is due if you have a 3 bedroom house and let 2 of the rooms out to 2 different people? The other thing is I…
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gift giving tax?
I have an uncle that has won £1 million on a scratch card. He is terminally I'll and possibly has months to live. He said that he is going to give all his family a share of this money and said that I am going to get £10k. I've heard that if he gives me money and dies within 7 years I would need to pay 40% tax. Is there any…
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P11D and Tax
I worked for a company for 2 years and never got a P11D this year we got bought out and got one. So i now have a figure of around £2000 as a taxable benefit. This was from the company car that i just got handed keys and told all was sorted. As it works out I'M NOT having the tax deducted from my PAYE so, in short i've got…
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Council tax banding for new builds
Hi there, Just wondering how they work out council tax banding for houses being built in 2015? We are in the process of havnig our house built at the moment, 3 bed detached, does anyone know how they work out the banding for a house of this type? Thank you in advance
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Tax refund base on incorrect income.
Hi just a quick question. After holding on the phone to HMRC and finally getting through 40 minutes later; the person ended the call as they said they couldn't hear me grrr! So here I am looking for a quicker answer if possible. I have been given a £16.60 refund for my income tax. My income last year based on my P60 was…
