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Printing self assess tax forms
Has anyone had trouble printing out the SA tax forms ? Not experienced this before, and printer seems to be working , but on the print out, its replacing lots of letters and figures , with little squares making the form almost impossible to fill in ! I could do it by inserting my own replacements, but I doubt they would…
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council tax scotland
Does anyone know the rules regarding a council tax reduction in scotland.I receive the highest rate dla and for my son who is disabled and my partner earns £22000 per year.This is all we have coming in apart from my carers allowance.I dont really know the rules and cannot get through to them on the phone ?
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Help with income tax after brief second job
Evening all, My DS has just arrived home from work with his most recent payslip and he seems to have a bit of a tax problem . Im usually quite good with these things but I can't get my head around this one. At the start of the year he had the standard tax code (£11k ish) and all was well. At this point, he only had this…
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High tax on basic & bonus - is this correct?
Hello I've recently started a new job, here are the details: £40,271.04 Basic I've only been here for 3 months, today I received my first bonus of £4304. Total earnings for October £7,660.27 Deductions: Tax @ £2,259.45 NI @ 425.76 Student Loan @ 559 £3,244.21 Amount Paid £4,416.06 My net wage is normally £2320 meaning my…
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second job tax?
hi i have a job thats 32hrs a week, £17550 salary and am considering a second job of 7.5hrs a week which will earn me £3012 a year. What would be my tax and N.I tax situation? I'm finding it so hard to find out across the internet. Thanks.
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Tax on Investments?
Firstly, I need to explain my history; Ok, so I've been a professional gambler for the last 8 years (after learning about matched betting on this site), so I haven't paid any tax on my winnings, even though it is my only source of income. I gamble on a bit of a niche market, and I also gamble on behalf of a few friends and…
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Council Tax Horror Scotland
Long story short. Bought a derelict cottage in 2004 and place was unliveable. Went and sought advice re council tax from council service point who said it did not meet the definition of a house (no kitchen/bathroom/plumbing etc). Seemed common sense at the time. We had other properties and paid council tax on all but none…
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Using a company to buy a rental property
Currently have a few rentals that my wife and I own personally. We are considering expanding the portfolio, and are obviously cognizant of the impending tax changes on rental income. I was considering the possibility of buying the additional properties through a company A few questions: 1) Is it harder to get a BTL…
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IHT.....gifts and weddings.
We usually give away our "allowance" of £3000 each every year, this is divided between our 2 children. Next tax year our daughter is getting married. Does this mean we can then each give her a wedding gift of £5000, plus still each give away the usual £3000, some of which would also go to her?
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Tax Underpayment
I got a letter that I have a tax underpayment. This means that I owe tax? They included in their calculations the JSA I got in the previous year. Is this LOGICAL??? They will tax my JSA???
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Father's flat - mitigating IHT
Been browsing for a while, and now in need of some advice, so hoping people can offer help. My father owns a flat worth circa £1m in London, with a small mortgage outstanding. He wants me to take over this mortgage to make things easier for him financially (which I am fine with). He wants to mitigate IHT as much as…
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Car Allowance Tax
I'm hoping that someone can help me here as all my searches have turned up a blank and even the tax office didn't know how to guide me. The scenario.... I used to have a company car with fuel card but moved to car allowance and can not understand my tax and what can be claimed back as a tax relief. * I receive a car…
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Online self assessment registration for pensioners - deadline?
My Mum usually sends in a paper tax return, but has forgotten to do it this year, so would like to file her return online (she has also lost her return form). The problem is that she hasn't yet registered to do it, and the deadline for the paper return is 31/10/15. Her only income is from her pension and savings…
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tax on interest from savings
Good evening Wondering if anyone can let me know whether I will have to pay tax on the interest from my savings (proceeds of house sale) - probably the interest will be about £3,500 this year. I'm not earning - I stopped working as self-employed 5 years ago to become carer for Mum. Am anticipating living off savings until…
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Tax refund cashed by someone else??
My OH has been chasing HMRC all year for a recalculation of tax as we believed he was due a refund. After final escalating it to Complaints he was told it was being processed. Now he has chased again and they called him yesterday and said the refund was sent by cheque and has been cashed. Yet he's received nothing. Just…
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Tax relief on company pension contributions - date paid
Short summary first, so please bear with me: I sold the goodwill in my Ltd company resulting in a hefty corporation tax bill Skip forward to the next year and my intention was to get some of this tax back by posting a loss and getting my accountant to make a claim This was done by making max employer contributions into 2…
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PPR(s) for married couple
Can a married couple have 2 PPRs? In this case there would be 2 employment contracts in different cities. We would be spending week days (5 nights) aparts and weekends together - alternating location at weekends. Is there a reference for what is required so I can check whether our situation would qualify? TIA
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One off lump sum earning
I am about to earn a lump sum of money for getting an investor for a large scale property investment project I assisted on in Europe - the amount will be around £250,000 and I don't anticipate that I will earn anything like that again in one tax year. This isn't my normal job - I earn an employed salary of £28,000 a year…
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Cgt and private residence relief
Apologies if this is a stupid question, but can you claim prr on a second home if you owned it for less than 18 months? My sister and I sold our late father's home in June 14 (he passed away Sept 13). My sister lives there with him and didn't own her own home so I assume that she will not pay any cgt, but I own another…
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Capital gains tax
Hi, I'm just looking for advice on avoiding capital gains tax, I have invested £12,500 in a SAYE and at the moment it's worth around 62k. I am employed and earning 33k pa and my wife is self employed with net profits about 6,500k. Can I gift any amount of shares to my wife, and provided the profit from the sale is no more…
