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Cutting tax

No-one likes to pay more tax than necessary; get help from other MoneySavers to cut your tax bill.

Cutting Tax: Discussions that will help you
To help you find the Cutting Tax threads quicker and easier we're collating our previous sticky/pinned threads into one single post. Cutting Tax board: Tax instructions - please read Useful Websites TaxCalc alternative? How does the Taxman Know? Inheritance Tax Planning Useful Tools to Help With Taxes Washing Uniform at…
Should my mum pay £6k for IHT (non) advice?
My mum has substantial assets of over £2.5m, split into roughly 50% own home, 35% business assets (shop and BTL Ltd co properties) and 15% savings/ISAs. She is married to my dad and has 3 children and 5 grandchildren. She is 70 and in good health but is very keen to plan to mitigate against IHT. She has had an initial…
Salary Sacrifice Lease Car Adjusted Net Income
Hi All, hoping someone might be able to clear up a query. My employer have started to offer salary sacrifice electric car leasing scheme. Our first child is approaching nursery age and as such I am keen to plan my earnings to make the most of any support available. Total gross salary £130000, at the moment I am sacrificing…
Advice please... on previous council tax exemption
Hello Im new on here and I hope someone can give me some advice. After my husband checked his bank statement, our council tax bill has risen from £67 a month to a whooping £280 a month. This is for a property we own but do not live in 7 days/week. I think its classed as a '2nd home' and thats why the premium has increase.…
Tax on savings after property ssle advice
I retired early on a work pension of under £9k Pa. I have now sold my holiday home as cannot afford double council tax on it. When calculating capital gains I notice my 'profit' gets counted as income for this year. Does this mean I will not be entitled to the £5k savings starter tax free on interest this year? does it…
HMRC complaints process advice
Hello all, After a bit of advice - I logged an online complaint with HMRC 22nd April, heard nothing apart from an automated response start May, "your complaint has been forwarded to the relevant department" (or something like that). I then give it until yesterday (1st July) and phone them asking initially about the subject…
Tax help!
I currently rent out 1 property which has been rented out for 3 years, plan was to sell but now we’re just going to move back in. I currently pay the landlord tax through HMRC online self assessment. The Tennant is moving out this weekend, what form do I fill out to inform HMRC of this? Do I have to wait until I fill out…
Where to declare gilt interest/coupons on self-assessment
Can someone please point me to where to show gilt interest/coupon income on the online self assessment form? Maybe it's staring me in the face but I cannot find it. Thanks.
Pressing 'save' on self assessment online form - can I edit later?
I'm doing my first ever self-assessment form, which I've completed but I'm not feeling confident to submit it yet. If I press the save button, will I be able to edit it later if I find I've made any mistakes? Quick answers will be much appreciated! I'm finding this whole thing scary!
Thought Self Assessment had processed, now got £440 penalties - help!
Hi everyone, I have been self-assessed for some years now. I did not file my tax return on time, due to health issues (mine and in the family) so expected to pay £100 fine, which I was annoyed with myself about, but could not really dispute as I should have done it. I thought it had been done on 7/2/25, downloaded the…
where to put a share pay out on a self assemenent form
Hi I have very simple tax affairs and normally fill out a self assessment form myself. Last year 24-25 I sold approximately £60000 of company shares (these don't qualify for BADR) and I need to pay capital gains tax Is it simple and where do i put these figures? Do I deduct the £3K allowance from the amount I submit i…
Interest on Self assessment payments
I have just done my tax calculation for 24/25 tax year and, after I pay the 5k second payment on account, I will still owe 2k tax and NI. If I pay the 5k requested ( based on 23/24 tax year) will I be charged any interest on the 2k? and how will the interest be calculated? Is there any advantage to paying more than the…
Why has HMRC started using tax return limited?
Recent got a message from HMRC saying they owed me £194.27 and they had sent the cheque to Tax return limited. So contacted Tax return limited to request my money and the have charged me £125.28 for the privilege of giving me my own money. !!!!!! what sort of a scam is this? How do I get the rest of my money. I work bloody…
Gifts and inheritance tax
My wife and I keep a joint account. We give gifts to our children both within the annual limits and also potential exempt gifts. I fund the joint account in the main through my DB pension but my wife does contribute through SiPP, savings and investments. Let’s say my wife contributes £20k and I gift £10k to each of our…
Tax after Bereavement
I have recently been widowed, I have three school age children. I’ve been awarded a survivors monthly pension payment. This is not a large amount but still welcome now that we have lost a salary. Is it right that this pension payment is classed as earned income of mine and os there any allowance in the child benefit rules…
Pension RAS tax relief reclaim via self-assessment (20/40/45% band)
Hi all, I think I understand tax, then something comes along that utterly stumps me, I go away and read the helpful HMRC advice and realise I'm now more confused....so over to you... So I paid Salary sacrifice pension contributions of £27,022.50 (background, but I guess relevant if I get near a threshold) Then I made AVCs…
claim back USA Tax
Does anyone know where I would start with a UK citizen claiming USA Tax back? my son plays esports/ gaming and has earned quite a lot of money over the last 2 years and we have been told he can claim this back, as they take 30% for USA Tax, and as UK is lower he should be able to claim some of this back minus the UK…
Bank account interest
I thought that for a basic rate tax payer £1000 of savings interest is tax free. I am below the earning threshold for income tax from part time self employment but saw that my £29 earned interest was added to my income. I am still below so won't owe any tax but if the interest had taken me over the personal allowance would…
Writing to HMRC
This query is about Royal Mail as much as about HMRC as about tax, but I can't find a more appropriate topic. We wrote to HMRC at: Inheritance Tax, HM Revenue and Customs, BX9 1HT, United Kingdom. We used the Royal Mail "Special Delivery Guaranteed by 1pm" service. We posted it on Tuesday 25/07/2023 at 10:22 and when we…
National insurance refund
Hi,the last tax year I worked part time and earned just around 10k for the whole year. Some months I earned as little as 300 pounds and some others I earned 1300 pounds. At the end of the year I only reached 10k. The 3 months I earned around 1300 I got a deduction for National insurance. At the end I got my p60 saying my…
Income & Capital Gains tax
Hi, I'm a a long-time watcher, but a newbie to posting as I can usually find answers via Google. I manage my OH's tax matters, and have been struggling to find an answer to how capital gains effects income tax rates. However I've just read some illuminating historic post on similar topics. My understanding now is that they…

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Cutting tax

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