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Importing Building Material from Spain
Hi, we are building our extension, my husband is doing most of the work. Previously we have imported tiles and materials direct from Spain, as it becomes way more cost effective, but this was prior to Brexit. We want to import 10 pallets from Spain, mainly tiles. All products are EU manufactured. The transport companies…
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Self assessment - underpaid tax questions
I am completing Self Assessment for 2024/25 tax year and am struggling to answer the questions on underpaid tax.This is the first time I've used SA and am doing it because my actual savings income in 2024/25 exceeded £10k. In Jan 2025 I received a P800 saying I owed £244.40 from Tax year 2023/24. This was due to exceeding…
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Inheriting house
Hello My husband has passed away very recently. Although he had been ill, we were told we had 2 or 3 years left. Sadly, he died within weeks. He left a will leaving everything to me. I believe that means this is an "excepted estate" and I don't have to get everything valued before Probate, nor will I have to pay…
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Does my bank report my savings to the HMRC?...
Apologies if this is an obvious question/answer to some, however does my bank report my savings to the HMRC? and if so, then why do I need to declare interest on savings on my self assessment return?
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Self assessment
Hi :) New to the forum - don't know if this is the right board, but hoping someone can help... I was trying to complete my wife's self assessment tax return today but couldn't get past section 3 - tailor your return - as a result of hmrc categorizing an old pension payment (sipp) as an employment. We found an old pension…
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CGT - reporting house sale
We sold a house last year which was owned by my late father-in-law. The sale completed in July and no CGT was due, all the gain was covered by Private Residence Relief. I don't recall notifying HMRC or filling in a form after completion. Should I have done this? Should I notify them now? We are UK residents and the house…
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Capital Gains tax on rental property
Hi, I hope you can help me with my understanding so far on CGT liability on the sale of our rental home which we hope to do next year. I bought the house in 1989 and lived in it as my main residence. From c1993 (I think) I rented out the spare room to theatre people as I stayed some nights, or went on holiday, with my…
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Council Tax single person discount (SPD)
Hi, I live on my own in Wales and claim the 25% discount. A friend uses my address as a mailing address only. She rarely visits, never stays overnight and I give her the mail around once a month. Now the local council have queried whether she lives here and are questioning my SPD. I've confirmed to the council that she…
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Pension Tax refund delay
Hello all, I applied for a refund of tax paid on a small lump sum from a pension in November 2021, HMRC have told me today there is a massive backlog on refunds and could be some time before I receive mine. Just wondering if anyone else has had a long wait? It's less than £2000.
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HMRC debt in my name
Hi, I have a vat bill/debt from 2022 from my exs company set up in my name. its for £6500, i contacted the debt collection company chasing it and offered them a full and final settlement of what I could. I'm a single mum of 2 on a low income so don't have spare money to pay! They said no and sent the debt back to HMRC. I…
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Marriage allowance and savings tax.
Hi, I am hoping somebody can help, I have been trying to find out how the marriage allowance affects tax on savings. I have transferred the marriage allowance to my husband for several years. I decided to take my pension early, last July, which will take me over the personal allowance but the HMRC will not be changing this…
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CGT - Help
I need to pay CGT and have come across a accountant company through FB it's named TaxRfundsRus. Has Amy body used them before? I have been quoted £250 plus vat for CGT for 1 person. Or should I use someone local to me? Thanks
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Help on Self Assessment Tax Return regarding Foreign Interest
I have a small share investment plan with Weathify. On their end of year information, it says the plan received a small amount of untaxed 'foreign interest' (under £10). On my tax return it says to put in the stated amount (not a problem), and then it asks me to put the name of the country where the interest arose in 'any…
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Delivery charge
I sell 2nd hand furniture and add a delivery charge to my listing which is seperate from the cost of the item...my question is does that delivery charge have to be added to my turnover as it is quite alot and although I receive the delivery cost it is then passed onto my courier
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Can I pay corporation tax in instalments?
Hi [15/08/2025] My question: I owe HMRC a lot of money and want to budget the payment before it is due next year. The amount is large enough that I don't want to keep it in my account in case I need it for an emergency. Can I do that? Anyone with experience? [18/08/2025] Answer: There are two options for someone like me…
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IHT on overseas pensions after (or even before?) April 2027.
On my read of them, the govt's attempts to sort out the expected mechanics of applying IHT to unspent pensions appear to show up well a potentially large problem with overseas pensions. The core of the problem is that overseas pensions will not (likely, cannot) work with the govt's suggested way through this. None will…
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Stamp Duty / Welsh Land Tax
Can anyone please advise ? I have a buy to let property with no residential property .I am looking to now buy a residential property with my partner in joint names . Will this mean I will have to pay the higher land tax on my new residential property ? The residential is a higher cost approx £500K than my BTL (£230000).…
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How do retirees plan tax around SIPP withdrawals?
I recently retired early at 56 and got all my savings/pensions in order. I operate a cash ladder type strategy for the early years. ie I am holding around 4 years of living expenses in high interest easy access savings, fixed term bonds of varying duration and dividend paying ETFs/stocks. I also have global index stock…
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Self Assessment Refunds Taking Forever....! Why?!
You can expect a reply by 16 September 2025 This date is an estimate and may change. More information HMRC has security measures in place to protect customers which may cause a delay. We may need a further 12 weeks after 16 September 2025 to issue your repayment. We are currently processing claims received on 12 May 2025.…
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Inheritance Tax
Hi, Tricky one this but hope you can assist. In March this year my Auntie passed away, I am her only living relative and the residuary beneficiary of her will. Her partner, (never married and I believe never in a civil partnership) of over 40year passed away in April 2024 leaving 51% of the house and all contents unless…
