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Tax on BTL
For the tax year 2020 - 2021 I completed a SA. Part of my SA was from 2 x BTL properties I own ( with mortgages). Due to a tenant not paying his rent and leaving one in a dreadful state I had income of around £19000 from both properties but also costs of around £15000 to redecorate fit new bathroom and kitchen etc When I…
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liable for US tax?
Hello, sorry if this in in the wrong place. Not sure who/where to ask.I'm currently building up a crochet design business freelance. In a nutshell a magazine commissions a design idea of mine, I write the instructions and sell them the pattern for a fixed fee. So far I've only dealt with magazines based in the UK.My…
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Self assessment
I have bought some WFH equipment (e.g. getting a desk and a chair, cable organiser etc) that I don't get reimbursed from my employer. This is significantly more than £6 a week allowance that the government gives automatically. My understanding is that I can claim back (some of) these expenses via self assessment. However…
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Personal allowance query, do you need to this annually
My wife and I both retired in April 2019. As recommended by Martin I transfered my personal allowance to my wife as she set up to receive a monthly NHS pension where as i had built a "slush fund" which I am still using as my monthly income.My question is as I had transfered my personal allowance in 2019 am I supposed to do…
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Property Ownership with the Children
My wife and I are selling our current property and purchasing our final property. It crossed my mind that it would be good at this point for many reasons to share the ownership 51% my wife and I and 49% between the three children. I see this as an opportunity to tidy up our affairs etc for the future and should we need…
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Another Bedroom Tax Post
Hi All, You have been very helpful in the past, so am hoping you could help again, we have a ''bedroom'' in our house that we pay bedroom tax on, I think it's about £17 a week. We physically cannot use this room as a bedroom, the room is 3.6ft wide by 16ft (3ft of that 16ft is just under 3ft wide - because of a step in the…
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Anyone know how I’d claim withholding tax relating to Austria employment?
Apologies if this topic has been covered previously. I’m a UK citizen having always lived in the
UK with an option of 9-11 weeks work in Austria for an Austrian company with no
UK subsidiaries. I’ve been advised that 20% withholding tax would
be deducted from my pay – but I can claim it back. Does anyone know this to be…
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HMRC Personal Tax Account to stop using GOV.UK Verify
HMRC Personal Tax Account to stop using GOV.UK Verify From 1 April 2022, you will not be able to use GOV.UK Verify to sign in to your HMRC Personal Tax Account and Self Assessment. You will need to use Government Gateway to sign in. You will need to be signed in to view the link below.…
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Marriage Allowance - How do I claim the tax back if marrying next week?
Hi all I made a thread a while back about getting married and Marriage Allowance: https://forums.moneysavingexpert.com/discussion/6328220/how-long-do-you-have-to-be-married-for-to-benefit-from-marriage-tax-allowance/p1 Well, we're all booked in for next week. I've earned over my tax allowance for 2021/22, but my partner is…
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Change of Tax Code.
Hi, Does anybody know why my tax code has gone from L to R. My income has not changed, is it anything to do with the governments £150 or £200 pay back.
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MSE's Council Tax Discounts guide
Hello everyone, We've written a brand new guide on Council Tax Discounts. This is the discussion thread for that guide. If you haven't already, join the forum to reply. Thanks, Kit
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Working from home - what can I claim?
Hi, first time poster so please be kind! I have recently returned to work from mat leave and my contract is now states my place of work as my home. My office is about 90 miles away and I make this journey sporadically about once every 3 weeks. I understand I can claim £6/wk tax relief but I'm wondering if there is anything…
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Marriage Allowance?
Does claiming the marriage allowance open the door to any other benefits such as getting pension credit does which allows you to claim a free TV licence? Like another poster, I too will start to pay tax on my work pension.
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Tax and Rental
Hello all, I currently live in a small 1-bed flat. I own the flat so I don't have a mortgage on it. My circumstances have changed and I need to move to a bigger property. I am on £50k+ and my other half doesn't work. I am considering letting out my flat and putting the money towards renting a 2-bed and paying the…
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Nottingham city council tax
From April my new council tax bill for 12 months will be £1,529.43 I am in council tax band A. My concern is the £150 Government rebate has not been applied. Does anybody know when Nottingham city council will add this to our bills?
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Tax relief for company car use for casual work
I’m employed under PAYE with employer A and have a company car through this employment. I have picked up some casual work with employer B (the activities between employer A and B are completely unrelated) and not PAYE where I have to invoice for hours worked and as part of the invoices I can claim 45p/mi. and I’ve been…
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Goodwill payment from letting agent to landlord, do I deduct it from expenses?
Hi, I own a rental property that was until last year managed by an agent. After I ended the contract, I made a complaint about multiple failures in service. I declined their initial offer of a small Goodwill payment and went to the TPO (Ombudsman). To cut a long short, the TPO ordered a higher payment for the poor service…
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Do I need to pay tax
Hi there My 84 year old mum has moved in with me as she can no longer live on her own. She is not paying rent but she is going to pay towards our household bills. Would this be classed as income? (for tax purposes) as she is going to pay a set about to my back account each month. Also would this be counted towards the…
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Recommended Tax Advisors Capital Gains Tax for UK Expat in Saudi Arabia
Due to ill health I'm unable to move back to the UK and have just put my house on the market. I'm looking for a Tax advisor from a small company who can help reduce CGT for a UK expat based in Saudi. I bought as a BTL back in 2013 and was hoping to move back to the UK. Due to poor health that's not going to happen. I've…
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Earning 107k trying to get my head around 60% tax and what to do
I've just started earning 107k, I was previously under 100k. I've tried to get my head around everything, terminology etc.. so forgive me for being stupid, my excuse is I work in a creative industry and don't have a head for maths! From what I've read, I think basically the idea is that I should pay more into my workplace…
