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Lunch Reclaim
Hi my brother in law is insistent that he has claimed tax back for his every day lunch spend from Swift Reclaims because his employer has a canteen in its head office but not for its mobile engineer's who work out in the field (sky) we have already aimed uniform tax but this lunch one just doesn't sound right to me? Is he…
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Self Assessment query
I have been completing self assessments for a number of years due to receiving Child Benefits and being a higher tax earner Talking to some friends last night they said I can claim for items that I need to purchase for my job. I am a Headteacher and I bought a laptop in January 2022. Can I claim for this (late in the…
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Pension contributions at Source and tax assessment form
I am a higher rate tax payer. Should I be including details of pension contributions on my annual tax return to ensure I get the full tax relief on my contributions? Or does employer look after than at source. Thank you in advance.
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Paying into a pension from net income and claiming back tax
I would like to retrospectively pay into my company pension fund. Am I permitted to claim back the tax I paid on the income? Assuming I stay within the 60K GBP annual tax free pension allowance?
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House sitter and council tax payment
Hello, Does anyone know what the situation is with house sitter/caretaker paying council tax? If someone has to be away from their home for up to a year for work and medical, does a house sitter have to register at the property and pay council tax? Is there a problem with the bill staying in the account holders name and…
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Property given as deed of gift - CGT applicable?
Hello My parents signed their house over to me as a 'deed of gift' around 20 years ago. I do not live at the property, is CGT applicable on this property? Thanks
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Company car - hmrc over charging?
I hope this is in the right place… I have a company car which I use for personal use but that company car has been in and out of the garage with faults over the past 18 months so it’s been sat at the garage not being used. As I’m mobile I have to have a car so I began using either a hire car or a spare company car from the…
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Class 2 NIC - voluntary
My partner earned below the tax threshold for 21/22 by renting out her house. Already has confirmation that she cannot improve her state pension. She has now received a letter from HMRC asking her to pay class 2 NICs. Are these compulsory, if voluntary would there be any benefit by paying?
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Net adjusted income crept above 105k. Pension question
Hello. My first post to MSE after being a very long-time watcher. I wish health, wealth and happiness to all. I forecast that my net adjusted income for this year may be over the 100k mark this year due to some very big "bluebird" bonuses that won't get repeated next year and I will fall into the hated 60% tax trap. I…
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Sole trader working from shared home - tax and expenses
I work from home, a home I jointly home with my partner. Previously I've not claimed mortgage interest on any bills for using our front room as an office but have been alerted to the fact I should. I know HMRC provide a flat rate for working from home each month. However, if I wanted to work it out what calculation would I…
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Tax rebate firm Tax Credits Ltd shut down by HMRC after MSE investigation
Tax rebate firm Tax Credits Ltd has been shut down after her Majesty's Revenue and Customs (HMRC) found it had committed serious anti-money laundering breaches. The closure follows a MoneySavingExpert.com (MSE) investigation that found the firm was alleged to have submitted claims using forged signatures... Read the full…
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Gifting money
I am so confused so hoping someone can clarify before my mum has a meltdown! If she wants to gift a large sum of money to her children over the yearly threshold will we need to pay any taxes. I think we have our head round IHT, estate value and 7 years but its around income tax etc which should we pay or can you be gifted…
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Claiming "Capital Allowance" in year of a loss
As said elsewhere, I'm a sole trader, freelance writer. 2022/23 tax year I made a loss as my expenses exceeded income. I also needed to buy a new laptop and I've seen I could claim this as a capital allowance - I only use it for work as I have a desktop I use personally and sometimes work. Am I right in thinking that if I…
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Am I liable for tax?
Hi, we live in a rented house which is provided by my school employer at a reduced rate. They take the rent money directly out from my wages every month. I am the caretaker of the school. The school says they haven’t paid enough tax. They say I’m liable and will have to pay the tax back. They also said they’re putting the…
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£100k lifetime CGT relief
Hello all, I've come into some shares from my employer via a share incentive scheme. I bought the shares for about £5000 when the company went public 2 years ago, and they're worth £50k-£60k now. I've never traded shares before. Looking around, there is no tax on the first £6000, ok, but looking at this gov website…
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Redundancy and Tax
I'II be made redundant later in the year and clearly want to minimise (legally) any tax due; I have been maximising my pension over the last 4 years so have no carryover. The increase to the AA to £60k this year is very welcome as is the 30k tax free, but are there any other options to minimise the tax on the redundancy…
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Discretionary Trust- annual exemption for CGT
A quick reality check? The AEA for a discretionary trust is £3000 for 23/24. This HL page seems to suggest it is £6000
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Gifts out of regular Income
I've set up a regular payment to my daughter each month and have kept records etc to show it is coming from excess income. My question though, is whether after 7 years (as is with a one off gift) these payments are no longer part of the estate? If this is the case, would the records become redundant to the tax man after 7…
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Untaxed Interest Deduction on Tax Code
My wife has just noticed that she has a £1,073 untaxed interest deduction on her tax code for the current FY. She is a non tax payer and gives me £1,260 of her allowance under the Marriage Allowance. She also receives a small occupational pension of about £2.7k. The interest she earned last year was about £4k, and she does…
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Inheritance tax rules with parents living abroad (Zimbabwe)
Hoping it's OK to post this here, not sure if it's the right forum - but hopefully someone here has some insights! I have also asked this question on the HMRC forum but not sure I'll get any response there! I was born in Zimbabwe but am a British passport holder, citizen, resident, living in the UK for 4 years and paying…