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Self-assessment unpaid tax question
I am having to do a self-assessment tax return for the first time because my savings interest has exceeded 10k this year due to selling my house and there being a long break before buying a new one. I am unsure about the question regarding any unpaid tax. I am 99% certain I have no unpaid tax… but I am not sure where in my…
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Property as tenants in common or sole name to help with IHT planning
My father put his home in both our names as tenants in common way back in 1990. He is now selling up and buying another house. He asked if I would be tenant in common once again. I said yes but then I thought for inheritance tax it would be better for him to have the property in just his name and leave it to me, to…
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Inheritance tax and civil partners
My long term partner & I are considering a Civil Partnership to protect each other from inheritance tax. The problem is we do not live together so have 2 houses. We know we would need to nominate one of the houses as our "main residence" for IHT but would that mean that the other is treated as a "second home" and subject…
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helpclaimtax.com gone bust....
You may or may not already know, if you used helpclaimtax.com they have recently shut down their website (literally within the last few days) and the 0333 number they had just goes to an unobtainable number. I had £2359.46 outstanding owed to me (received a final statement from HMRC) from Lime Tax (aka helpclaimtax) who…
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IHT / CGT on property gift with reservation
In 1997 my mother gifted her house to myself & two siblings. She continued to live in the house until she had to enter a residential home last October, and sadly she passed away in March. We never charged rent and mum was the sole occupier throughout the period from 1997 to 2025. My understanding is that as she maintained…
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HMRC delay/error in processing tax refund
I completed my 23/24 SA online on 6th April, as I knew I was due a big refund. As part of that, I provided my bank details (as usual...) for the refund to be made. I got the calculation that I had overpaid, and so I sat back and waited for a refund to get to my bank, as it had in prior years. 4 weeks later - nothing. I go…
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Tax on expenses
Hi Im starting an online business and am partnered with someone abroad. His fees are 40% profit and he does everything. So my question is, if I give him 40% profit and he invoices me for the amount, will I pay tax on it. Because its an expense?
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Tax relief on SIPP contributions
Can anyone explain why my tax code has been reduced please? I put £2880 in my SIPP every year (the max allowed since retired) and always had £3600 added to my gross of private and state pensions as tax relief. This year my private pension has gone above the 37700 20% tax limit by a small amount. HMRC has taken the 12570…
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How much tax am I actually paying ? tax code notice confusion
Hi, I've received two tax code notices from HMRC a few weeks apart and am completely confused by the most recent one. My cirmustances are I retired in mid March, live in Scotland and in receipt of a defined benefit pension of £40927pa and also a SIPP from which I'm drawing down £7500pa, i.e. a total income of £48427pa.…
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Transfer 10% Marriage Allowance
Back in February or March on his ITV show Martin mentioned the above which was worth £256 a year and you could go back five years before April for £1000 ish by cheque. It had to be done by post I filled form in and posted off middle of March anybody know how long it should take to get it sorted / paid. Just to be clear…
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MTD compulsary letter-2026 self employed -no computer skills what to do ?
hello - received a letter yesterday about having to use MTD for my next tax return 2026 / already done 2025 no computers when i was at school and self employed market trader for 43 years and have no computer abilityall this time i have kept pen and paper accounts and done all my own self assesment tax returns for decades…
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Winnings from Prize Money
Good Afternoon Not sure if anyone can help? Do you have to pay tax on prize money over £1000. I know you now have to declare if you earn over £1000 on say eBay or Vinted, but what if your prize money winnings are over £1000 from Greyhound Racing? And is a regular income.
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Self assessment - carry over property loss
Hi, last year I submitted a self assessment for the first time for my rented property. It made a loss, and on my completed self assessment SA105 form (as generated by the HMRC website) it shows the loss in box 41. Am I right in thinking that this figure should go in box 39 in my next assessment? Thanks
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Self employed offset van purchase
Husband is semi retired but needed new van. Sub contractor using cis. Has used simple expenses up to purchasing new van. Has changed to cash basis, so can claim van cost as expense. If the cost of the van exceeds his profit from self employment, can he use pension income to offset the loss when he completes the self…
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Trust & Estate form SA900 2025 Change to box Q9A??
Hi - in previous tax years the Trust that I am a Trustee for has had Box Q9A with a nil rate band of £1,000. This year 'Box Q9A not in use' which has meant that all of the interest earned by the Trust is taxed at 45%! I have Googled, but not found an explanation for this change. Can anyone explain it please? Many thanks
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How to calculate a tax code
If you are a higher rate earner. For example, earn £60,000 If you pay £8000 into a sipp. What would the tax code be, given no other benefits or deductions. £2000 would be added as relief at source, giving a total to declare to HMRC of £10000. Would the tax code change by 10000, or 5000 points ? Thank you
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Marriage Tax Allowance
How can I tell if it is worth me doing the marriage tax allowance for my husband this year when I have a untaxed interest on savings element in my tax code for £945, which with my pension income takes me up to the £12570. My husband is the slightly bigger earner.
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Payment on account not appearing on self-assessment calculation?
I am just completing my self-assessment for 2024-25. I made a payment on account for 2024-25 in January and have another payment on account in July. When I look at the calculation for tax for my 2024-25 self-assessment I cannot see where a deduction has been made for the payments on account? Does the deduction happen after…
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Your Income Tax has not been calculated yet for 6 April 2023 to 5 April 2024
Just wondering if anyone else has this message on their tax account In reality my 2023/2024 tax has been finalised. I received an incorrect P800 in January that said that HMRC owed me about £3,500. This was incorrect I was owed only about £100 ish. Eventually this and some other issues with savings interest were sorted out…
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My understanding of IHT, gifts and when a person dies penniless
Reading various websites and Google AI today. I've come to the following conclusion. If you gift money/assets (more than the IHT threshold) and then live in a rented place via the hand-to-mouth route and die within the IHT year tax rule. Any IHT that may have been due is written off. EG: A person gifts 3 million pounds of…
