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US RSUs for UK citizen - taxed twice?
Hi, I'm about to sign a tax return that doesn't feel right and I just wanted to check if anyone had any experience of how US RSUs are taxed. I worked for a US tech company for most of '17/'18 and in that time, just over $35,000 of RSUs vested from an overall joining grant of $80,000, the remainder of which is now void as I…
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no UTR received
Hi there. I split with my partner last year and ended up moving out the marital home. I lovingly got dumped with several months worth of letters early Jan this year that she had been holding on to ( obviously to successfully cause me grief ). Amongst them was HMRC asking me to fill in self assessment for 17-18 tax year as…
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NHS mileage fuel allowance and tax
I asked a question in the budgeting forum about NHS mileage allowance, it was pointed out that it may be more appropriate in this forum. So here goes; Wife has started as a community support worker for the NHS so uses her vehicle for work. Checking online NHS mileage allowance seems to be 56p per mile for the first 3500…
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AIA and balancing charges when ceasing being a sole trader
Hi All, Please can anyone confirm where you: - bought a laptop for use in your business and for some personal use; - claimed the business use percentage of the cost of the laptop in full as AIA in the tax year you bought it, and therefore have not claimed WDA on it since; - cease being a sole trader in a future tax year…
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(Large) Repair cost for a letting property
hi all, I am letting a flat, and I just received a section 20 notice from my flat's management company, turned out I will need to pay 6500 pounds towards the repair of the flat building's roof. Is it correct for me to assume this expense can be deducted from rental income please? Sorry if it's an obvious answer but due to…
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Marriage Tax has bitten me in the bum! Please help!
I got my parents to apply for marriage tax as I knew they Could be intitled to a tax rebate by doing this. Unfortunately, I didn't know that as soon as I had done this, my mum, who doesn't normally pay tax will now have to stay paying it and has been whopped with a bill to HMRC for nearly £300 backdating from 2015. Is…
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Transferring rental properties to spouse
I own two rental properties that bring in income and also get my state pension and an occupational pension. My wife is unable to work for health reasons. My question is can I transfer the properties to my wife so that the rental income counts against her tax rather than mine? What do I need to do to accomplish this? could…
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Self Assesment and a recent death
Hi there In the last week my Mum has passed away. It has been a very confusing time for everyone and I am in the process of getting everything sorted. She had been paying a lot of Tax through her private pension, in fact a great deal more than you would normally (her tax code is K595) hence I have not been to worried about…
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‘My mother-in-law put a curse on me’: the top tax return excuses
Yep, someone actually told HMRC that was why they were late submitting their tax return. And that wasn’t the only unbelievable excuse they received – here are some of the most bizarre ones they received: * “I’m too short to reach the post box.” * “I was just too busy – my first maid left, my second maid stole from me and…
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Married person's tax allowances
I currently earn under the threshold and have for the past few years been transferring my allowance to my husband. There is now a reorganizsation at work and my salary may well increase to £125.50 more than the current single persons tax allowance. My question is how quickly can I find out what the allowance will be from…
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Finding your tax office
I am putting in for SITR/SEIS relief but don't know where to send the forms - all I can see online is that your tax office should be noted on your payslip, but mines isn't. How would I go about finding where it is? I am Glasgow-based.
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EIS: how to claim Capital Gains Tax Deferral Relief
In tax year 17/18 I made an EIS qualifiing investment and have recieved an EIS tax certificate. I am now completing my self assessment 17/18 online using the HMRC website (late - I know ;-). This is my first EIS investment. I would like to defer a capital gain made in 17/18. How does this work? I was hoping to not pay…
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Declaration of trust
Could any one please tell me how or where can I fill a Declaration of Trust (Scotland if poss). Do I have to pay to get it done? THanks!
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taxreturned.co.uk
Today I made the stupid mistake of returning some paperwork to taxreturned.co.uk (yes I am a total idiot). After some advice I have changed my mind and would not like them to process this paperwork (they would not have received it yet). I have messaged them on their website and on their social media informing them that I…
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First time tax return
Hi there, I'm filling in a tax return for the very first time as was wondering if I could ask for some advice as I'm finding the process quite complicated. For the last financial year I did a combination of agency work (for which I paid tax through PAYE and NI) and freelance work speaking at events and writing, which were…
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Self-assessment payment on account question
Hello, I would appreciate some help with explaining the payment on account. Filled in the self-assessment for the first time last year. I paid ca. £3500 as a balancing payment and ca. £1800 as a payment on account. Paid another £1800 in July 2018. I knew that my income would drop significantly for this year. The overall…
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Reclaiming Withholding Tax 30%
Hi there, I have been looking back at my US dividends payments for 2017/2018 and i noticed that for 3 of my 4 Apple dividends i paid 30% withholding tax. For the last one i paid 15% withholding tax, presumably because i had filled in the W-8 BEN by then. So my question is can i reclaim the extra tax paid on the dividends…
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Unequal division of income from rental properties / Statement of Trust - advice needed
Hi, I will try and keep this as short as possible. Me and my husband own two rental properties, jointly, and personally (ie not through a limited company). He earns more and is in the higher tax bracket. I now earn little and am in the lower tax bracket. With the tax changes being implemented on the mortgage relief for…
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Property Tax
Hi All, Anyone know best way to tax efficiency on buying second property. The aim is to do up and sell, but do I buy in my name only (20% tax payer) or jointly with Hubby (40% tax payer)? And if I save when buying, will I be penalised with capital gains when due to my lower rate???
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Self assessment and several jobs
Would appreciate your wisdom please. My son is currently employed directly and pays tax PAYE but has this financial year had 2 other jobs where he was registered self employed. He had one job for approximately 4 months where he was working as a scaffolder. He was registered self employed but his tax was deducted at source.…
