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2015 Council Tax Enforcement Notice
Just received an Enforcement Notice from debt collectors as apparently Wigan Council took me to court last year for non payment of £165 (now plus costs so over £300) dating back to 2015. It was for the 2 months prior to June 2015 when the block of flats burnt down so not surprisingly my mind wasn't really too concerned…
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Rent a room V Landlord Taxes
Just saw thread re rent a room allows up to £7500 per year without any tax. But landlords renting house pay tax if they get £7500 per year. I am obviously missing something? Thank you for any replies.
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Rent a room - exceeding 7500
WE currently rent a room on a board and lodgings basis and receive less than 7.5k so are able to just not declare it for tax purposes. WE have the possibility of increasing this to 10k but then we have 2.5k of taxable income which although below the income tax threshold for my wife will impact our benefits entitlement. Is…
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Non Coded Income
There have been a couple of threads on this forum about Non coded income but appears no-one knows what it is and has only raised it's ugly head on this last year's tax returns 2018-2019. Searching HMRC or googling the phrase brings zero results. My husband (retired 5 years now) looking at his tax return summary online…
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Suddenly put in M1 tax code?
Hi everyone, I've been in the same company since April 2017 now. In February of 2018 I moved to a new department as a secondment and subsequently received a salary bump in the form of "Acting Up" which would be paid out as a bonus every 3 months. Before this even happened, in July my tax code changed suddenly to 1090L M1…
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Help with registration for self employment
Hi I have been working as a carer for a disabled lady for 6 mth (my only job) I earn £180 per week the ladies mother pays me directly in full via cheque (no deductions) ive just gone online to register as self employed and it says "you may not be self employed if you work for one person only" could someone give me some…
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Tax implications of parents paying our mortgage.
Any advice would be greatly appreciated, please feel free to move this if I have posted this in the incorrect thread! Can anyone help I’m struggling with knowing the best way of going about this? My step nan has died and her substantial estate has now been finalised and passed onto my step mum and dad. They want to help…
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Documentation from UK savings accounts for non-resident alien US taxpayers
Marcus UK won't open accounts for anyone who has to file a US tax return, because: Rules me out as I file a 1040NR as a non-resident alien. I'm a UK citizen, UK resident, UK domiciled, and have never been a US citizen, resident or any other form of US Person. No big deal as I can use other savings providers with similar…
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HMRC Long Phone Waiting Times - Big Phone Bills
I am sure anyone who has tried to contact HMRC by phone will be aware that a lengthy wait 'on hold' is the norm before someone speaks to you. My last call cost me £6, and most of that was due to being put 'on hold.' From past experience, waits of 40 minutes plus are not unheard of, and given the phone bill cost, it's no…
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Challenging Council Tax Band
Hello everyone, I would appreciate peoples' opinions with regard to challenging a council tax banding. I have valued the property and worked out the valuation from 1991 using the tool provided and the value of the property in 1991 has crept into band D by £67 £68,068 Property Value in 1991 Band D (£68,001- £88,000) What do…
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CGT question not yet selling
My wife and I purchased a buy to let property a little short of 2 years ago as an investment property which has since been occupied by a tenant who is a family friend. The purchase price was £132000 and I would estimate it is currently valued in the region of £160000. My intention has always been at some point to extend…
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Capital gains tax liability?
My wife and I are retired and living on state pension. Her brother has recently passed away leaving circa £40k in investments and savings, split 75% to my wife and 25% to our daughter, as layed out in his will. We're just a tad concerned that we may be liable to capital gains tax. We simply don't know. Any advice would be…
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Council tax overpaid
I wasnt quite sure where to post this, i couldnt find the answer googling it, and stumbled upon this forum, figured was good as place as any. I had a letter stating i had been overpaid and must now pay extra on my council tax, the amount i owe is around £400 according to the letter, however i essentially become homeless in…
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Tax issues with Marriage Allowance
I seem to be having an absolute nightmare with HMRC with conflicting advice and information regarding marriage allowance and being a high rate tax payer. As examples let say my gross salary is 52k per annum. I then pay 7k into my pension which is relief at source with Scottish Widows claiming basic tax on my behalf. I then…
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S455 and directors loan account
I am a Ltd company contractor and the company has been going for just over a year. I have been having various issues with my accountant which have now led to a complete breakdown in the relationship. When I began last year the accountant gave me two options for cash extraction. Both were variations of tax efficient drawing…
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Tax on second job
Hey, Just started a new job with some causal work and was wondering what way my tax works as its a second job? Do I get fully taxed? (20%??) Also my first shift was at the weekend and was give a t shirt as par of their uniform, which I was told would come out of my wages, what's the best way to claim that back?
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Capital Gains Tax question
Hello Me and my sisters are executors of my late mother Probate has recently been granted and property is now up for sale Probate value of property £100k however have been offered £115k Individual CGT allowance is currently £11700 along with legal fees of £800 giving total of £12500 Therfore will be due to pay CGT on £2500…
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Cash Accounting with Pension Deductions
Hi Everyone, long time browser first time poster. I'm unsure whether this should go in the tax or the pensions section so please move this if I've put it in the wrong place. Any help is appreciated. Quick bit of background first. My other half is employed in the film and television industry. He is self employed but on many…
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Using my wife's Personal Savings Allowance
My understanding is that, because there is no IHT between husband and wife, I am able to gift some of my savings to my wife to make use of her 0% tax band for up to £1000 of savings interest (and premium bonds). She can later, if she chooses, gift some or all of those savings back to me? Is this common practice and legal?
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Wrong council tax band
Hi I believe I’m in the wrong band for my council tax. I have done all the checks MSE suggest and it works out that I’m in a band higher than what I should be. I have tried to challenge this with my local authority but they want proof to show this, and it doesn’t include anything or any sites MSE suggest to check your…
