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Curious question about CGT on land
When this becomes an issue I will be dead, so I'm just curious :) In my will I have left my grazing land to my cousin on the basis that she may want to sell immediately or keep it while it increases in value as land always does (There is zero chance of getting planning permission on it ATM, but who knows in 20 - 30 years…
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Have HMRC made an error on my tax owed?
I'm just about to write to HMRC as they claim I owe them £91.35 (see below ) but I think they have failed to take into account my unused 'Basic Personal Tax Allowance'. Also unsure whether they have taken into account my £1000 Personal Savings Allowance. My online tax calculation for 2023/24 says the following: Income…
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Business Rates have doubled
Can anyone advise on what, if any, action I can take on my business rates bill which has more than doubled? I was paying £161 per month until 3rd March then on April £383.70 was debited and I have a further 11 payments of £387. I am in Islington, my rateable value is £15,500, my small business rate is £7,734.50 and my…
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New rules for claiming tax refunds via an agent
I thought this was interesting, HMRC have been taking some steps to try to protect taxpayers from unscrupulous agents. Though it’s only a matter of time before someone grumbles about it! https://www.litrg.org.uk/news/new-rules-claiming-tax-refunds-using-agent
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Inheritance tax question re passing on property when parents are separated and not divorced
I know you can leave your property to your direct descendent which increases the threshold to £500,000 before inheritance tax is due or if it is left to your spouse and your spouse leaves it to a child, then potentially the threshold is £1,000,000. My parents have been separated for about 30 years (extremely amicably) and…
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Mileage allowance relief
I recently started an employed job where I am being paid mileage at 26p a mile. I understand I can claim relief for the miles travelled as the allowed rate is 45p. With the end of the tax year just passed I am looking at filling in my self assessment (I am employed as well as self employed). I know the miles I have…
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Tax return showing wrong tax code
Around June last year my tax code was changed from 1257L to 1649L. I think this was done as I always ended up with a rebate due to pension contributions / Higher rate tax. After filling in my return this year I notice it is still saying 1257L for the calculations and I am still getting a rebate. Is this normal, my slight…
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Advice wanted on paying tax on tribunal payout
Hi I am looking for some tax advice particularly regarding paying tax on a payout from an employment tribunal settlement. I have been awarded a substantial amount in an out of court settlement with an old employer. This will now put me well over the 40% tax bracket so do I have to pay 40% tax on this or is there a way to…
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Spanish Inheritance Tax on Death
Hello Not sure if this is the correct board or if anyone can help/advise? We are trying to find out how to calculate what Inheritance Tax (and any other associated fees/expenses) will be when someone dies in Spain and also when this becomes payable and logistics, as we think the system differs to that of the UK. Does…
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SA100 High Income Child Benefit Charge section missing
Historically I have had to put in child Benefit charge details when filling out the SA100 however for some reason I cannot seem to find the section when doing my tax return for 24/25. which section do I enter this info please, I thought it was the Tailor your return section but just cannot see it. TIA
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HMRC Return 2023
Evening All, Just thought ild open a new thread as I intend on doing my return once iv had my 40 winks. See you all in the morning.
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Personal tax allowance allocation
I left my last employer at the end of March 2025 and have received my P45. I have a drawdown pension plan which I have previously accessed and will be accessing in the 2025-2026 tax year. My latest tax code notice from HMRC states that my personal tax free allowance is assigned to my old employer and that any drawdown from…
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Can HMRC take money out of my wages?
Hi everyone. I just thought I'd ask if HMRC can take money from my wages? I'm currently on a payment plan because I underpaid tax one year. But just now about £500 got taken from my wages because I underpaid tax on another year. This feels a bit harsh, I can hold my hand up and understand I didn't pay enough tax but I do…
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Updating Estimated Income on HMRC online
I've checked my personal tax account online, and my estimated income was showing way too low, so I updated that to better reflect my estimate. My first question is that (I think) I've read on here that, if you update your estimate and get it wrong, HMRC can apply interest to any tax due later - is that actually correct?…
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Interest / Tax - Prudential Bond payment after death
Howdo, Just before I make some
calls to HMRC.... My Mum who passed away
last year had a Bond with Prudential and with Probate granted a claim
was made for this to be paid. In addition to the value given when my Mum passed there has been an Interest payment added to the payment made to the Executors with Income Tax at the…
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Overseas land CGT question
Hi, I am a UK resident and have inherited some land overseas and the inheritance tax has all been paid overseas. I am looking to sell the land and wanted to know whether once the proceeds come into my UK bank account, whether I would be subject to further tax in the UK? In these cases, is it best to seek professional…
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Pension + earnings - reduce to below higher tax band
Good morning Not sure whether this is best in pensions or here so I’ll start here I’m in the lucky position that at 55 later this year I can draw my final salary/DB pension from my career long employer (£200k TFLS + £30k pa) Since leaving last year I’ve secured a job ticking all my boxes for the next few years (shifts,…
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Tax Refund Cheque Reissue Delay
Hello!, and hope this is the right place. At the end of January I phoned HMRC to reissue a tax refund cheque as I'd completely forgotten about the original and it was way past the 6 month cheque limit.Lovely lady helped me and said it would take 6 weeks which is also what it says on the government website, although on the…
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HMRC Estimated Earnings Incorrect for Pension Pay Out
Hi, HMRC have made an data entry error on my 2024/2025 Tax Account. Instead on putting the full amount of payout as a one off annual, they inputted it as a monthly amount. Now this year 2025/2026 estimated earnings are stating £134,000 which puts me in the 45% tax bracket. So when I queried this amount with HMRC today,…
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Inheritance Tax Allowances and NRB transfer
Would welcome clarification on NRB and transferable NRB. My Mum and Dad owned a their home together (my Dad passed away in 1987). My understanding is that my Dad’s NRB allowance wasn’t used so this can be transferred when Mum passes. The NRB in 1987 was £71,000 . As Mum is still in the same home, would IHT allowances work…
