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Split year and dividends in foreign part of the year
Hi there. I am Spanish, being in UK since late 2015. I am a sole trader working as digital marketer (affiliates, ads, etc. This is for another topic actually). Well, soon I am planning to go to Spain, let´s say in September/October, and will stay there for more than a year, at least. So I would need to apply for split year…
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HMRC refund claim going round in circles
I completed a self-assessment for 2021-22 and then claimed a refund of an over-payment to be paid to my bank account. I checked the app a couple of days later and it said there was a process in hand so it could not show my current status. Good, I thought, that means it is being processed. It had since reverted to the…
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Working from home tax relief
Hi, My employer ( the local council ) made me work from home for the last 2 years because of covid. I have not claimed for either year. I do have a rental property which I fill a self assessment tax form in for. I would like to know how to claim my working from home tax relief, for both years. Thanks for your help in…
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Advice on limiting tax when receiving 2 salaries/1 salary plus pension (Salary Sacrifice)
I'm looking for some advice on my future situation and what the most beneficial route will be for me to receive the most/limit tax. I am currently receiving a salary for my current role (Role A) which will end in August. I start a new role (Role B ) in June so will be receiving Salary A + Salary B for 2 months. As of…
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Capital gains on garage sale
I'd be grateful for your thoughts. I'm selling my garage to my neighbours and simultaneously selling the house to another buyer. It will all complete on the same day. The house and garage are on the same deeds for now but the garage is in a block just across from our terraced houses. Any thoughts on whether CGT applies or…
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Impossible to create HMRC account
My wife always had a Verify account with HMRC but they stopped and closed it this year. She now has no means of accessing her personal pension or tax details etc. or advising HMRC of mistakes, tax changes needed. The login screens need 2 out of 3 items to verify identity 1. Passport, 2 Mobile phone contract or credit card…
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Working from Home 21/22 Refund?
I have been fully home working (except the odd in-person meeting) since April 2020. I applied for the 20/21 and 22/23 relief and had my tax code changed to reflect this. I have also applied for 21/22, but didn't do this until after the end of that tax year. How will this be reflected? Will I receive any tax refund or a new…
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Do I need to do SA?
In 2021/22 I just breached the higher tax threshold and am wondering if this means I need to do self assessment this year - I haven't had to do it for many years (although I have done it before when I was working as a contractor) Work income came to £50550, and there was £200 savings account interest too.Pension looks to…
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Marriage Allowance Tax question
My wife has been claiming Marriage Allowance for a few years now when I was earning under the tax limit, I'm now above that limit (have been for the last 2 years) and my wife is also over and into the higher tax rate (Scottish rate for a year or so but now national rate)but our tax codes are both showing as getting the…
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CGT and Trusts
Afternoon. I've got a complicated CGT query and it'd be great if anyone could give me some advice. My Mum died in 2010 and her will created a discretionary trust that held her half of her home. The beneficiaries of the trust are myself and my two sisters and my Dad, the trustees are myself, one sister, an auntie and my…
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CGT on shares from employment
Hi. I've just found out that my employer is being acquired and various employee share schemes and long term incentive programmes will be paying out. On shares that I own, I understand that I will be able to use my CGT annual allowance. I will be paying income tax on the LTIPs that are advanced. I propose gifting shares…
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overpaid tax for 2020/21
I would like to claim back my overpaid tax for 2021/2022 but the GOV website seems to suggest I can only do that if I am sent form P800. Is that correct? Thank you.
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Self Assesment HELP - Working from home allowance
Hi everyone, hopefully someone can help... I have to complete self assessment tax returns each year due to claiming child benefit and earning slightly over the threshold. I have now stopped the child benefit but need to complete the tax return still for 2021-22 tax year. I read that I can claim tax relief for the past year…
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Travel expenses
Hi all, looking for some advice. I work from home; this is spelled in my contract, where the place of work is down as my home address in London. About once per month, I need to go to the company headquarters, for meetings; I typically go for 3 days. My company doesn't pay for my travel expenses (I knew this in advance when…
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Self Assessment Guidance
Hi Everyone. I am a full-time PAYE employee with some self employment on the side as of last tax year. I have filled in my return for 21/22 and have been quoted what looks like 60% tax so I assume I must have done something very wrong! PAYE total: 39,666.00 PAYE tax: 5,417.40 Self employment profit: 21,545.00 2021-22…
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Scottish Tax -Marraige allowance
Hope I'm in the correct forum Just checking online via the portal for our tax. Hubby receives the full marriage allowance from me and is under the Scottish 41% income. ****Online via our portal, it states from the years 2016-2020 Higher earner, not eligible for Marraige allowance. When I check the tax code for the above…
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Capital Gains Tax on Second Property
I bought a flat in 2001 for £40k and lived in it until 2017, when I bought a family house with my husband. In 2017 I had it valued and put on the market for £125k however it didn't sell. The local market has decreased in this time and I've now had an offer of £80k. My question relates to capital gains tax as this has…
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AIA or Writing down allowances
Hi all, Can you please provide your advice on which would be better - AIA or writing down allowance based on our example below. Husband is going self employed. He will be putting £6k deposit on a 2nd hand van and financing the other £8k; Is he better using AIA this year or the 18% writing down allowances over the next few…
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Questions on BTL and tax
Hi I have 2 different questions and although I have searched the internet I cannot find the answers and I wondered if anyone could please help. 1. When buying a BTL property costs are incurred for searches . Are these revenue costs that you can claim on your Annual Tax Return in the Property Section, or are they capital…
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Starting business to offset tax/VAT
Hi All, Is the following scenario legal? - setting up a business registered to my house but not actually turning over money - but using it to buy building materials (20kish) (avoiding VAT) for an extension - then filing accounts to companies house showing zero income but costs only - therefore the business will be loss…
