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Paying tax on rental profits and reducing CGT
I received this as part of a newsletter from https://www.iaprops.com Paying tax on your rental profits For many readers, this will be the first year that you will have to pay tax on the profits from your rental income. It's always great to see how much money you have made in the first year but it's important to keep your…
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Self assessment: Marketing expenses
Hi, Re self assessment - i am in my first year of business. To try and find clients, I have taken people out to lunch and have done networking events. can i deduct the cost of these as marketing expenses or not? again, am not too sure whether i can deduct clothing i bought for special events or meetings as part of my…
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Working abroad
I'm going to be working abroad for 7 months, starting at the beginning of April. I will be working on a boat, moving countries, so I won't be resident of any one country, though they will all (I think) be EU. I will be paid, in Euros, from an offshore account, and because I will be paid in Euros I will probably set up an…
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Tax Liability on Overseas Rental ?
Hi All, With the great advice being shared I thought I may ask a question which may benefit quite a few people currently considering Overseas Investment. I am considering purchasing an offplan apartment in Eastern Europe (Bulgaria) as an investment with the cheap prices ... but as i have never bought a property for…
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Any company accountants out there?
Forgive me if this is the wrong place for this post, but it's the most appropriate one I could think of. I'm currently writing some software applications & services to sell as shareware on my website. Just a few things I'm putting together in my spare time. Naturally I'd like the site to make some money, but am realistic…
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Self Employed Taxi Driver-never Paid Tax Yet Please Help
Hi This Is My First Post And It's Not Even For Me, My Boyfriend Has Been A Self Employed Taxi Driver For The Past 9 Years And Has Never Paid Any Tax, Obviously We Need To Get This Sorted Asap But We Are Worried Now That It Is Too Far Down The Line In Order To Strighten This Out Without A Probably Huge Tax Bill Which We…
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Capital loss from a loss within an ISA / PEP?
is it possible to claim as a loss for capital gains purposes a loss that was from funds held within a PEP or ISA? :confused: Ta
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Will I get my tax back??????????
I'm planning to go travelling in July for a year, so will I get my tax back? If so, do I have to claim it back? And when, if I do get it back, will it be paid?!?!?! I'm useless at this whole tax game - so apologies for the silly questions!!
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Am I paying too much tax? Plz Help
Hi to all, I didn't work from April to Late September of the current tax year and didn't claim any benefits at all during this time Since September I have worked at the same job on tax code 474L W1. I was told the W1 is emergency tax and I expected it to dissapear soon after I filled in a P46 form. The W1 code remains to…
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Capital Gains on Second Property
Post deleted
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Capital Gains on Second Property
No disclosure
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Capital Gains on Second Property
Deleted - no longer wish to disclose
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40% taxpayer, can I still claim previous years pension contributions tax back?
Hi, I'm a higher rate tax payer and have been employed in the same company for 6 years now. I have a stakeholder personal pension which the company pays 4% of my salary into. I have also personally contributed myself on an adhoc basis, I can't exactly remember when I contrinuted, but it was something like 2 months a year…
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Capital Gains Tax-Self Build
:confused: Can anyone help with the above problem. I bought a house and it has a fairly big lump of land for city location and have applied and gained full planning permission for a four bedroom property to be built. I own the current house on the land and live in it and have done for 8 months. where do i stand on tax if i…
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Do I have to pay tax on my savings?
I am currently not working. Can I receive the interest on my savings gross and if so, how do I go about it? What are the rules? Advice welcome - thanks.
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Site that provides a tax calculator?
New to the site so apologies if this is a noddy question - I haven't been paying much attention to any of my finances for a few years but want to change this! I completed my 2003-4 return earlier this month online, result being £250 bill. I guess my salary must be near to the 40% threshhold (note to self: must check this)…
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The Inland Revenue Portal Ate my Tax Return
completed my self assessment earlier today and have been trying to get the portal to acknowledge acceptance by the Inland Revenue, since wihtout any success Anyone esle expereincing problems i.e. after submittign the return, the Inland Revenue failing to acknowledge reciept ? Now until they acknowledge reciept, I can't do…
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Share options & Capital Gains Tax
Hi, I need to clarify something. I have been given a number of 'share options' by my employer. My understanding is that when I purchase the shares at the option price I am allowed to use my CGA against any profits I make from selling said shares i.e. sale price - option price = profit (less commissions etc.) if profit >…
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capital gains tax
Do anybody know how to avoid paying capital gains tax on a second property?
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Health Clubs
Hello, Can I get tax Relief on my health club membership, as the goverment seems to want us all to get fit!!! Many Thanks Neil
