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Tax advice - in UK but earning a bit in US
Hi there, I'm from the UK but just about to start a website up in the US which will direct US buyers to US stores to buy. I do UK self-assessment but presumably I'll have to file some sort tax return in the US? Does anyone know what i'll have to do or point me in the direction of any resources that will explain all? I've…
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Lifetime gifts question
My father is elderly and increasingly frail and for the last few years has been paying for various family members' holidays so he can see us enjoy them. I have two tax questions about IHT and lifetime gifts when he eventually dies. First, if he transfers say £6000 to me for me and my wife to have a holiday, will that be…
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I and wife sent R40s to HMRC
During 2016/7 we placed our investments in the hands of professionals. Subsequently we received from them a composite tax certificate for our joint account with them that included interest paid with tax deducted, dividends, and small amounts from foreign income and PIDs. Also included were gains from surrendered insurance…
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Estate Planning
Dear all, Grateful for any advice. Following the death of my father 5 years I have been helping my mother with a myriad of legal, financial and business issues which thankfully are now all fully resolved. She is now happily retired and living well off income received from her pension & financial assets (circa 800k) which…
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Self-employed tax payments
Hi Son is about to move to self-employment and only 1 question so far if someone could help please. Having registered with HMRC is there a facility to pay into your tax account with HMRC on a monthly basis or is it just save it yourself ready for the self-assessment payment. If its with HMRC then he can't spend it !! Thanks
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Self Assessment Newbie Question
Hi, I hope someone can help me. I have been required by the Inland Revenue to start completing a self assessment tax return for the 2016-17 tax year onwards. Having recently completed and submitted the assessment, the online system has calculated that I have overpaid tax by approx. £500. That's obviously a pleasant…
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Unwanted cheque from HMRC
I have received a cheque from HMRC as repayment of overdue collected through PAYE for 2016-17. I am, if the HMRC website will stop crashing, about to complete and submit my self assessment. What must I change now? Ideally I would like to "ignore" this cheque but I presume that is no longer an option. I am not opposed to…
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Childcare vouchers
Sorry if this is the wrong board, but need help calculating best childcare help option is best - childcare vouchers or the new Tax-free Childcare scheme. Husband and I both work, but only he gets offered childcare vouchers through his company. Not possible through mine. I am a basic tax payer, he is higher. Childcare costs…
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Accumulation Units and Tax
Hi Everyone, Just trying to get my head around ACC units, and how tax works. Assuming that you had £100k of ACC units, outside of an ISA, and that the value grew £10k per year by virtue of reinvestment growth. 1) Does the 10k PA of growth attract income tax in the same way that dividends from income units would have done?…
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Tax Advise
Hello I am wondering if anyone can provide advise or guide me where to go to get best advise: I have used an accountant for the past 2 years, however I think I have been paying too much for their service. It is for tax return for myself ( employed) and my partner ( Employed) who both pay through Payee. However as we have a…
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Call Centre Job - Asked to reigster as 'self employed'
Hi, I hope I've posted this in the correct section. Just wondering if what's been asked of me is 'normal'. Ok, I'm still looking for my first permanent job since graduating in the summer and have been temping in the mean time. Last week I interviewed for and got a call centre job. However, the lady interviewing me said…
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HMRC Self Assessment: 502 Bad Gateway
Can someone please confirm it isn't just me? After entering my ID and password the page says "502 Bad Gateway". I do get the text message with my access code, but to no avail.
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Gifting a home
Advise needed please Can my son gift me a house he has just purchased into mine and his mothers name? Would he have to pay capital Gains Tax as he now owns four other properties plus his own residence? If so how do I calculate how much CGT he would have to pay. I am 86 years old so would appreciate a simple answer.…
