Free tax help

1jacks64

I did some temping through an agency in the current tax year during which I paid some tax as shown on my wage slips. I received the P45 the other day from this temping work which I did and I have just started permanent employment with a company last week. In the current tax year I have only earnt £1700 due to periods of unemployment. I am expecting my gross earnings for this tax year to be no greater than £2700. The problem is the P45 the agency issued me with says that I have not paid any tax during employment with them when my wage slips say I have paid tax. As far as I am aware in order to get a tax refund from the Revenue I will need to send them the P45 that the agency gave me last week as the Revenue will not accept wage slips as proof of tax paid. How do I therefore claim back the tax deducted from my wages in this situation?

Please help me.

notlob_2

I have just received a payout from a matured life insurance policy that I’ve had for 30 years. I’m also a high rate taxpayer. On the payment letter it says the IR may treat it as income. Is this correct if so how much am I likely to owe him?

Schmools

Hi Tony,

I received a £7000 interest free loan from my employer when I started on their graduate scheme in September 2005. Should I be filing a tax return for this or will any tax due on this simply be deducted through the PAYE scheme?
Many thanks for your help.

Nuninge

My partner and I left the UK last September to travel for 10 months. Before that we were both working full time. We currently have someone renting our house at a cost enough to cover the mortgage, insurances and maintenance. Are we entitled to any tax back for the period between last April and the date when we left? We are abroad on Working holday visas and we are only doing the occasional bit of work here and there.

swands

Hi, I use my own car for business purposes. The Company pay me 30 pence per mile for this. But I note that the inland revenue recommend 40 pence per mile for the first 10,000 miles. Can I claim the difference?

frivolous_fay

Hello,

My boyfriend and I live in a flat which was bought in his parents' name 6 years ago, secured on their own home as at the time my boyfriend was starting a PhD and I didn't yet have a job. (ie. no mortgage options for either of us)

The understanding has always been that the flat is ours, and we have paid our share of the mortgage from the start. When it sells, the intention is for us to keep any profit towards our own mortgage deposit when we move.

With plans to move, the ugly spectre of CGT raises its head. We've had a lot of conflicting advice about how to avoid it... no-one seems to agree if the current owners can legally sell us the property at cost price or whether it has to be current market value. Can you advise? Are there any other loopholes that may help us?

If we have to pay CGT, what's the worst case scenario bill we could be looking at? The flat was bought for 51k and we believe it will fetch 115k, perhaps as much as 125k. We've lived there since November 1999 so could there be a taper relief factor? As first time buyers we're looking for the biggest shunt up the ladder we can get...

Thank you.

Scotty_3

My husband and I bought a house with a cottage at the end of the garden 2 yrs ago. We live in the house and the cottage is rented out on an assured shorthold tenancy. Our mortgage lenders currently have a hold over both properties as they were bought under one title. We would like the mortgage to be on the cottage only as we believe we could then claim relief on all the interest (the cottage has been valued at more than the mortgage we want) but we've been told that unless we sell the property, we can't split the title.

We don't want to sell the cottage. Would it be possible/worthwhile making ourselves into a Company and selling the Company the cottage? What are the advantages/pitfalls in doing such a thing?

Scotty_3

My brother-in-law (aged 46) is semi-paralysed and now resides in a nursing home where he is likely to remain for the rest of his life.

He is single and owns his own home outright. He is now receiving a medical pension and we have recently let-out his house on an assured shorthold tenancy. He is currently being assessed for disability living allowance. Because he is a house-owner, he is responsible for paying a large amount of his care (approx £550 every WEEK).

As his next-of-kin, we are trying to sort out his affairs but are finding it difficult to get info about what benefits etc he is entitled to (social worker is a waste of time). Are there any extra tax benefits he can claim as a disabled person?

Thanks for the help.

gillian_2

just received an offer of compensation for an endowment misselling, but they say it may be subject to tax. if this is so, how much tax can i expect to pay on £1500. thankyou in anticipation of your response.

arden1

Dear Tony

I work full time but my employer allows me to work one day a week at home to look after my baby son. Can I claim a tax discount for having a home office for this? I have done some checking and the info I have says you can only claim if have no choice but to work at home. My question is, does childcare count as being different or as being "no choice" but to work at home?

Many thanks
Alex Martin