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IHT - Proving purchases made on behalf of
How do HMRC treat purchases made on behalf of someone (e.g. online groceries) going back many years even, but where there hasn't been any explicitly logged recoupment of the monetary cost? Or where there is an informal/gentleman's agreement to be payed back "at some point" for all historic purchases made? It could be…
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P60 not matching YTD figure on Mar payslip
My husband has left his tax return to the last minute and has just discovered that his Mar 25 wage slip shows £4k higher tax paid in the year than his P60. This means he owes £2k in tax rather than gets a £2k refund if he uses the p60 figure in his return. Does anyone know why there is a disrepency? His March 25 pay was a…
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HMRC confusing wording...
Hi all, Just looking for a bit of clarification on some HMRC wording (doing my tax Self Assessment). I'm a bit confused about the wording of the section on Capital Allowances (first year I have used this section). The section states: "You can claim capital allowances for certain buildings and the purchase and improvements…
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Change of tax code due to savings interest
The interest I earned on a bond I had was over a 2 yr period, tax yrs 22/23, 24/25. HMRC took that interest to be for tax yr24/25 and have predicted that this amount will be earned again during tax yr25/26. This has triggered a change in my tax code. I have spoken to them today to point this out and to inform them that the…
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Taxman and Pensioners
Hi I am just looking for some advice please. My dad is 91 and has had vascular dementia for about 6/7 years. I looked after him for 3 years and he has been in a carehome for the past 3/4 years. Last year there was a letter in his room addressed to him with the carehome address. It was for a tax code and had a marriage…
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Dad gifting money to sons
Hello, My elderly father recently went into hospital. To cut a long story short, it made him think about his finances and where he wants his money to go. He originally wanted me (his son) to have his online bank details and if anything happened to him, he wanted me to I take care of his money. I told him it’s not as simple…
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Accountant let me down, can't make self assessment payment in one go
I work PAYE but have my own ltd co for the last few years, I've always met my payments on time but I have steadily wound my ltd down so this will be my last submission. When I spoke to my accountant in December I explained I wanted my self assessment payment to come out of my PAYE from April as I'd struggle to pay it in…
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Wills and Inheritance tax question
Looking for help please Friends are civil partners in their 50s. They own their house, valued £550k, as Tenants in Common, with a £100k mortgage outstanding. Partner X has a son 25 & daughter 21. Partner Y has a daughter 23. X’s estate value is around £850k (after 1/2 mortgage) Y’s estate value around £720k. What is the…
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Paying tax on income for gigs?
Myself and three friends are in a band, weve been going about 3 years and are now at a stage were making a bit of money off our ticketed shows. (max £350 each per show. max 2 shows a month) We're worried dually about where the money can go (posted a separate thread) as at present we take it in turns to take the payment…
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How or do I pay tax return?
Do I enter 278.80 in bit below? I've submitted return
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Removal from assessment
Completed the necessary form and received the email from HMRC to say request has been submitted and they will confirm if successful in writing. SA deadline approaches and I've not heard anything. Should I be worried?
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How accurate does a tax return need to be?
My fault that I'm not as organised as I should be but I've just discovered I'm missing a P60. I can do a fairly reasonable guessimate for the numbers and update with more accuracy in a few weeks. Will that suffice? I had to do similar last year with my foreign paid pension as I had no easy way convert the numbers into GBP…
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How to get my tax rebate?
This might not be the right title for this but could not find another more suited to what I am asking.I have been told I have a tax rebate in a letter from the HMRC which I know is genuine but have been unable to get the site to 'recognised' me on their site despite whatever I did many times over. I also rang on a few…
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High Income Child Benefit and Self Assessment
Currently going round in circles with HMRC. Long story short but for the 24-25 tax year my wife earned 64k total of bonus, mileage etc. We received payment for 2 children. So about 2.1k for the year. Of the 64k she has paid about 2.5k into workplace pension. We spoke to HMRC multiple times and because she didn't want to…
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I need to amend a tax return older than 12 months by paper
Hi, In my 2020-2021 tax return, I declared a capital loss from listed shares. Since then, I've had no reason to fill out the capital gains section when submitting my self assessment because there was no capital gains activity. Fast forward to 2024-2025, there has been some capital gains activity and I now need to fill it…
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Reducing Adjusted Net Income via EV Salary Sacrafice
I've scoured this forum looking at other ANI queries, but my query doesn't seem to have come up, so here goes.. I want to keep my Adjusted Net Income below £100k to ensure ongoing eligibility for tax free childcare and 30 hours free childcare. My new employer, as well as offering a pension via salary sacrifice also offers…
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How to pay CGT on life rent trust
On my father's death a life rent trust was set up that holds my father's share in a btl property and his share in my parents home. My mum is still alive and kicking. We have recently sold the btl property and are now trying work out how to pay the required CGT. I can see how to add a cgt account to my mum's hrmc account…
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Self assessment payment showing as credit rather than paying the tax bill
I do my dad's self assessment. This year he owed just under £50, and we made the payment a few weeks ago. On his Self Assessment page, under "Your balance" it says that he's in credit by the amount that we paid, and under that it says that this will pay his tax bill on 31 January 2026. Last year he owed just over £60, and…
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SEIS and Self-Assessment
I'm struggling with the SEIS3 claim form, where I'm trying to claim re-investment relief on a gain which I've re-invested into SEIS funds. From what I understand, when I calculate a gain for CGT purposes I pool the shares together and calculate the gain against the pooled cost. So each year I add acquisitions to the pool…
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Tapered gifting
400k Cash + House 350k (left to child) = 750k total 325k plus 175k RNRB = 500k threshold before IHT So want to potentially gift 250k and get that total down to
500k Tapered relief doesn’t kick in until you gift over 325k? Or does it now mean it doesn’t kick in until
over 500k? (because of the RNRB)
