-
Giving relative money gift
Hi my mother helped me get a house 20years ago and told me if I ever sold it I had to give my sister some of the money, my plan is to give her 100000 I keep the same and give 5000 to a charity like I was told to do. Can some one tell me the best way to do this, as I am not that good with money etc, can I just transfer my…
-
2 country issue
Hi, I’m from England and has been working abroad for 7 years in Cape Town as a marketing and revenue manager for a hotel. I gained permanent residency there . I moved back to England 6 months ago as we had a child and wanted to raise her here. While living in South Africa we bought a property. At the moment I’m still being…
-
30k made online
My son made 30k raw cash online over the past two months, affiliate marketing. Does he need to pay tax? He doesn't have a business, it's just his hobby.
-
National insurance
I'm not sure this is in the right place so feel free to move it . I know that you only start paying national insurance when you earn over £162 a week but I also know there is a lower threashold where you don't pay NI but it is still counted towards your eligible years . Could anyone tell me what the lower threshold is ?…
-
Paying back bonus after receiving P45
Hi guys, Sorry if this is in the wrong section, but hoping somebody could help. I left my previous employer fairly recently and have just received my P45. Whilst there, I received a bonus which was on the condition that i stayed a couple of years, otherwise I was supposed to pay this back. They, however, haven't asked for…
-
Tax free trading allowance
Hi there My daughter runs a btl business making profits. I maintain her accounts and file her tax return. Up to now I have done these services gratis! However I am wondering if I can legitimately invoice her for the services so that she can offset my charges against her btl income and I can regard my income as falling…
-
Live of savings and max pension ?
hi Need some advice. I have received a windfall of about 100K after I have cleared my mortgage. So wondering what to do... Pension - I have a rerasonalble pension fund of 500K, aged 51 so I thought that I'd do this: Ask my employer to max my pension contributions to 40K from my salary so reducing my NI and tax while I live…
-
Getting to the Bottom of "Dividends from Foreign Companies"
This post is referring to the section from the HMRC's "Foreign Notes" document; trying to practically apply it to my stock and ETF situation. The section is quoted here: (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/690703/sa106-notes-2018.pdf) As a UK resident paying tax…
-
Tax Bill
Hi My accountant submitted my earnings to HMRC in May, for last year for a rental property I have. How long should it be before I get a bill, I know most people don't want a tax bill but I would like to get it paid. Many Thanks Martin
-
zero hours contract taxation
I used to work in customer service field with a certain wage,but decided to switch to social care field to work in live-in basis as the payment is attractive. I got a job and made a call to Universal credit to report that I started to work. I was told that I need to send a copy of my first payment, and I would require to…
-
Backdating BIK on company vehicle
Hi, I have just received a tax bill from the hmrc for £3.5K due to underpayment relating to benefit in kind on a company vehicle. My problem is that my company never made me aware of this. We use VW Transporters and had previously used the option where employees are allowed to use the vehicles for personal use and would…
-
HMRC previous income evidence?
Hi, I am attempting to locate my income details from 2005/2006, however no longer have my P60 or wage slips and the employer no longer exists either! Any suggestions please ???
-
Paid too much tax from interest on joint account
[FONT="]I've always been employed full time paying tax through my employer vai PAYE[/FONT] [FONT="]When my wife and I had our first child in 2014, I was earning below £50,000 so took the Child Benefit on offer. [/FONT] [FONT="]After a year I started to earn over £50,000, my wife went back to work part time…
-
Cash gift of €50,000
Hello, My mom would like to send me €50,000 as a gift, but I'm a high earner and worried there might be tax implications. This isn't inheritance, as she's still young. She's based in an EU country. The information online is super confusing, especially as this isn't inheritance, it's just a gift. From what I understand she…
-
Didn't stop my UTR
Hello all. I was wondering if there is anyone who can help me. I was self employed for few years but last year was working for a company as a employee so didn't have any income from my self employment. Didn't stop the UTR and don't plan to stop it as is it possible to work freelance in my spare time. So what do I need to…
-
CGT / Income / Inheritance tax due or not? Divorced
Hi, I hope someone can answer my question, I have tried searching but I am getting more confused. We are both late 30's, if that is important for inheritance tax reasons. Timeline of events: March 2017 - My (then) husband moved out of family home divorce proceedings started. August - 2018 - Decree Absolute granted June -…
-
Would I need to pay tax on money gifted by family member?
I’m not sure if I’m posting in the right thread but hopefully someone can help. If my brother gives me £100,000 as a gift would i need to pay any tax on this?
-
Adjusting income via personal tax statement
hello, just checking something for DH. He has started to draw a private pension and has had two other sources of income so far this tax year: one is erratic self-employment (not a lot and he does a tax return) and the other is invigilation at the university for which he's just been paid. When he first logged in, HMRC said…
-
Company SIP and Tupe Transfer Rules
Hi I've been a member of my company share incentive plan for a little over 5 years, each month buying £75 of shares and receiving matching free shares. Recently my employment has been transferred (TUPE transfer) to another company within the same parent goup of companies which has the same share incentive plan. Within the…
-
Can I pay salary at the beginning of the month?
Are there any employers on here, who could let me know if I can pay an empolyee of mine at the beginning of each month for that one month? So pay a July's salary on the 1st or the 2nd or so July? So say the 1st salary this tax year is on the 1st of July and last is on 1 April 2019. In this way there are 10 salaries this…
