Tax Tony

moneygrubber_2

Dear Tax Tony

1. I am employed fulltime earning £31K and paying PAYE. I have about £20 monthly in direct debits to various charities - can I claim back tax on these? What if I ticked the box on the direct debit forms allowing the charity to claim it? If I can claim, how far back can I go...the full 8 years?

2. I am employed fulltime earning £31K and paying PAYE. For three years I have studied part-time to be a therapist. For the past year (as a final-year student) I have been treating clients part-time (in addition to my full-time job) and being paid in cash/by cheque. I am now about to complete my training and plan to start self-assessment. I expect to continue earning an extra £50-£100 a week. What I'm hoping is that all this has not been illegal, either because my fees could be considered 'donations' until I was fully qualified, or because I was paying tuition fees exceeding my earnings in my last year, or both? If I'm wrong and I should have started self-assessment a year ago, and owe tax, how is HMRC to know whether I lie about how many treatments I did?

3. Both my husband and I are employed fulltime earning £32K and £39K and paying PAYE. Now that we will both start working part-time in addition as therapists, would it be better for us to form a company or just each self-assess?

Thanks!

sofia_guy

Hi!
I've been working in UK as a programmer for the last 2 years for the same employer. Now I’m back home in Bulgaria and I am working remotely for the same employer from UK. When leaving UK, I’ve filled in the P85 to let Inland Revenue know them that I’m leaving country. Taking into consideration the fact that I am not an UK resident anymore, but I still get paid in my UK PayPal and from there to my Barclays UK bank account, do I need to pay any tax on this money in UK? Or do I need to pay income tax here in Bulgaria?
Thank you,
T.

The_Baron_2

Hi Tony

I'm 25 and the legal owner of a flat my family inherited from my grandmother when she died. No inheritance tax was paid as her estate was worth less than the threshold. My parents put it in my name for tax reasons because at the time I was still at school and so not earning. It has been let for the whole time we've owned it (since 1992) and I have never lived there.

I'm now getting ready to enter the property market myself and my Mum has said I can sell the flat and use the proceeds towards my own place. However, I'm pretty sure I'm liable for captial gains tax. I've done my sums and reckon I'm liable for CGT on all but the final 36 months, which I think are always exempt.

In the time I've owned the flat its value has increased by about £100k, so I reckon I stand to pay 40% of that, minus whatever the last 36 month exemption saves me, so around £40k. Ouch.

I've looked at the various exemptions and none seem to fit. Although I haven't owned another property at any point, I don't think I can claim it as my 'main and only residence' and get full relief through that. Are there any magic tax-saving exemptions or tricks I've missed?

Yours ever hopefully,
Richard

gillygell

I am about to set up on my own ,do I only pass on the vat on the goods that I have been charged by my supplier to my customer or do I charge it on the goods and service which I will be providing.I am not vat registered

llangefniboy

My aged mother has named me as the executor of her will. She owns the house in which she and my stepfather resides. She has left the property to her children with the proviso that my stepfather can reside there rent-free for life. When I need to value the property for probate/IHT purposes, is a discount to the unencumbered open market value available because of the life tenant? Is there a rule of thumb on this and would it be best to get a professional valuer to act? The value of my mother's assets is well over the current IHT limit.

Thanks.

adamfairs

Hello,

My girlfriend graduated as Vet in 2006 and, like most vets, has a work car. The vet car is stacked full of equipment so is not easily useable for personal use. She needs the car at home to drive directly to calls (especially if they're in the middle of the night). Could you tell me the tax implications of this and whether she needs to complete a tax return? Is this seen as a perk and is there anyway around her being taxed for it?

Cheers,

Adam

adamfairs

Hi,

I've recently switched from working in an office to working remotely, full-time, from home. I'm using my own computer at home for this. Can I claim for the depreciation of my computer or the cost of a new computer? Also, can I claim for travel costs for the rare occasions where I have to travel to the office? Am I obliged to complete a tax return?

Cheers,

Adam

coxwell

I live in France but have money/investments in the UK. What would the tax liability in the UK be, do I still get a personal allowance?

regards
dc

colmax

Hi Tony,
I hope you can help me. I recently purchased a van for work as a window cleaner. I work quite close to where I live so I don't do many miles. Am I obligated to use the 40p per mile rule or can I use all of the expenses that my van incures for work?
Thanks Colin

EllieM

About to fill out my first tax return since becoming self-employed. I use my own car for business purposes, how can i offset the costs of petrol etc (I use the car for personal use as well and have kept a record of all the business miles I've driven)?

Thanks

ETA, just noticed the post above, does this mean I can claim 40p per mile expences?