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Which class NIC should I be paying if I have a mix of PAYE and self employment
I am completing my self assessment tax return online, and have inputted all of my details etc. I understand all of the income tax rules, and how much I should be paying, but I am confused about National Insurance. I have earned £10,130 via a mix of multiple PAYE contracts/payslips I have also earned £3735 from freelancing,…
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The taxation of pension income: pension payments made in arrears
If someone has deferrred their occupational pension from age 60 to SPA (age 67) and then receives a large backdated lump sum of pension payment arrears can they have those payments attributed back to relevant tax years (so as not to face higher rate liability). I am looking…
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Company Van Tax
Hello, I'm a little confused about BIK for Vans with fuel cards. As far as I can tell people who have company vans pay zero tax when a company provides a van and fuel card so long as you do not do significant private use miles, is this correct? It's seem a little crazy to not pay any tax as it makes me wonder why do people…
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GCT - Will this be allowed?
John and Jane are married. They own some properties. They have lived in the family home (jointly owned) for years. They have now separated. They also own a flat (and have owned it for 15 years) but it's in Jane's sole name, during this time it wasn't their main home. John has now moved into the flat and Jane has remained…
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Benefit In Kind Re Company Vans
If your employee gives you a work van to drive to and from your place of work from your home address with a fuel card but the van does not get used for private use does this need to go on your P11D as a Benefit in Kind. Many thanks.
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Anyone has dealt with sca-tax.co.uk who speciliased in SLDT refund?
Saw the advert online and advertised that if purchasing a property through ltd company as buy to let, there are 29 ways of claiming stamp duty partially or fully as a refund from HMRC. Checked their review on Trustpilot, seems really good but looks like too good to be true? https://uk.trustpilot.com/review/sca-tax.co.uk…
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Salary above 100k. How best to reduce?
Hi My current projection with HMRC is £101500 and my tax code is 1010T suggesting it’s about right. Basic is £79600 Bonus is (usually) 10% so £7960 On Call is £4500 Overtime is around £10k per year but varies I have a pay rise incoming of approx £9k so it’s going to take me to £110k ish. Obviously I am going to be paying…
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Declaring partner for joint Council tax i.e. adding to them to the account
My partner has moved in and I want to add him to the council tax. He has been here for a little while. I also will need to have the single person's reduction removed. I would very much appreciate if anyone would share their experience with regard to what I can expect or advice of what to do etc. Thank you.
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Can I get a tax refund on last year's self assessment by contributing to a pension this year?
Hello, I've been self employed for a few years, during which time I wasn't earning enough to pay into a pension. I now have a PAYE job as well as the self employed work I do and I would like to make some additional pension contributions. Can I make retrospective pension contributions for the years I was self employed only?…
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Expensive CGT mistake
My uncle died leaving me his farm equipment. There is inheritance tax to pay. Whilst he was terminally ill, using a power of attorney, I sold a tractor at auction for £42,000. The value was written down to nil on his retirement / cessation of business years ago. This creates a £42,000 * 24% CGT liability. The sale proceeds…
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RNRB unused query
Hi . I thought I’d got my head around this , but am now questioning my calculations due to differing posts on here. My Mum passed away in August 2016 and everything passed to my Dad who we lost in March this year. As there was no RNRB in place in 2016 , can I claim it ? I thought I could claim the full £175 k but now I’m…
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Capital Gains Tax and having a business
Hello everyone, I have recently downsized my property and am now occupying my late mother in law’s property with my husband. I know I wouldn’t normally need to pay CGT because of the RPR, but I did run a business from my property for about 2 years, 16 years ago. It was more of an expensive hobby than a business and I…
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clarification on a letter from HMRC
Please can someone help. Last year for the first time the interest I received from multiple saving accounts was over the personal saving allowance, in fact, I received about £1370 in interest. The email from HMRC read that my options are either to pay about £70 extra tax manually, or they will adjust the Tax Code, to…
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Hmrc holding refunds
Hi Hmrc don't payout any overpaid tax even after clicking their links that say they will pay the money they have overcharged after 2 weeks as stated in the Link or someone from Hmrc will be in touch; every year its the same with them and even though I did my tax return in June just 2 months after the New tax year I am…
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What are your thoughts on potential govt changes to salary sacrifice
https://www.dailymail.co.uk/news/article-14756523/Is-Rachel-Reeves-planning-stealth-tax-raid-pensions-HMRC-explores-shake-salary-sacrifice-schemes-Chancellor-comes-pressure-fund-axing-two-child-benefit-cap.html
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Taxes on purchase of half an inherited property
I recently became 'tenant in common' (50/50 split) on a bungalow with my cousin (who is now based in America, in case it's relevant). The bungalow was originally left entirely to my cousin as part of an estate following the death of my Aunt, but my cousin wanted to gift 50% of the property to me, with me to buy the…
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Council tax
Hi I was hoping to get some help on council tax. My partners wage can fluctuate every month. So this results in different council tax bills being sent out. Sometimes we qualify for council tax support, sometimes not. However, when we haven't qualified for it one month, I'm getting a new bill saying we've been overpaid…
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Self assessment calculation query
I have filled in all the information in my self-assessment online form (first time doing this). When I hit the button for calculating the amount of tax owed, it comes up with a breakdown stating my personal allowance is 12,570. Now my tax code is 1033N, so that clearly isn’t right. It says in my employment history in the…
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Capital Gains Tax
Hi, I am hoping for some guidance, I have read HMRC website, but am still confused. My partner has sold his house today. We have both lived in the house for 31 years as our main residence and moved out on April 5th 2025 into our home we now live in that we purchased together. Would he have to pay CGT please. Many thanks…
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Deed of gift - costs, timelines and DIY?
I have a 50% share of a house I need to gift to my mother, who already owns 25%, within 6 weeks - in order to obtain a stamp duty refund. I have had a few quotes for this from solicitors of around £900. This seems excessive for what looks like a simple process - does a solicitor need to be involved? They have also advised…
