We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
This Time I'm Really Going To Do It
Options
Comments
-
Watty1 said:
it really does seem to have flown by. I think the trauma and starting the recovery process was a big part of that.badmemory said:What a year of battles & achievements. Will the sale of the rental property mean no tax to pay on that? If so yet another win. It only seems recently those locks were changed, time does fly.
I had to pay capital gains tax on selling the rental property and I will need to pay tax on the final part of the income but i have reduced it down to only paying tax on half the income. Previously I paid tax on all the income but i have many letters from the Ex solicitor telling me I was to use the income to pay his bills as half the income was his so I am going with half the income was his and he gave it to me to cover his bills . My accountant is happy with this.
It might be raking over the old coals, but can your accountant explore the possibility of going back and amending some of your previous tax returns to only include half the income? Could be some 'free money'.
Make £2025 in 2025
Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
Total £915.94/£2025 45.2%
Make £2024 in 2024
Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%3 -
That is a really good idea and one i have been mulling over. I will discuss with my accountant. I was going to leave well alone but thinking it over I'm not sure.
On the one hand I don't want to stir up the issues, I just want to forget it. On the other hand I was had by him so maybe I should. Indecision reigns.Made it to mortgage free but what a muddle that became
In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!2 -
Perhaps try and look at it dispassionately as something the accountant will do, without you getting too involved in it. And anything that comes back to you can go into the Premium Bond/pet welfare pot. I doubt that you correcting your returns should directly start HMRC banging on his door. Your accountant would be able to clarify.My OH realised he had not put down a charitable contribution in his return and was just going to leave it. I said it's the principle of the matter, so he reopened his return, made the adjustment and is due an extra £72 back. You wouldn't walk past £72 lying on the street.Make £2025 in 2025
Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
Total £915.94/£2025 45.2%
Make £2024 in 2024
Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%4 -
Dont worry we will continue to virtual stalk/support/cheer you onWatty1 said:New Year, New Plans, New Diary.
Everything in my life has changed. I'm MF but without adequate savings so I'm doing things in reverse and it seems time to start a new diary to go with my new life
I really hope some of you will hang out on my new thread too because I would just miss you too much if you did not. I survived because of real life support and online support and everyone of you has meant a lot over the last few years.
Watty's Awakening — MoneySavingExpert ForumDON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest2 -
I have to say that is a lovely way of looking at it. A boost to the welfare fund or a start to the savings fund all good and yes I would not leave the money sitting on the road. Will talk to accountant.Made it to mortgage free but what a muddle that became
In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!5 -
Good decision!Watty1 said:I have to say that is a lovely way of looking at it. A boost to the welfare fund or a start to the savings fund all good and yes I would not leave the money sitting on the road. Will talk to accountant.Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
My new diary is here3 -
How odd some pages of my diary have disappeared?
And rather spookily it has disappeared at the point of the debate about the tax return reclaim.
My accountant has written the letter asking for the refund. It is a very good letter and it has sat on my desk for over a week. I am going to send it today. I flipped between leaving it in the past and moving on and reclaiming anyway.
I have finally decided to try and reclaim. If I get the refund I do, and, if I do not then that is ok too.Made it to mortgage free but what a muddle that became
In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!6 -
Watty1 said:How odd some pages of my diary have disappeared?
And rather spookily it has disappeared at the point of the debate about the tax return reclaim.
My accountant has written the letter asking for the refund. It is a very good letter and it has sat on my desk for over a week. I am going to send it today. I flipped between leaving it in the past and moving on and reclaiming anyway.
I have finally decided to try and reclaim. If I get the refund I do, and, if I do not then that is ok too.
Strange, have you changed your password on here at all since your relationship ended?
MFW 2025 No. 7 £700/£1200
MFiT-T7 No. 6 £2873.51/£30,0003 -
No. I will do that now. I feel really uncomfortable now.Made it to mortgage free but what a muddle that became
In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!4 -
Watty1 said:How odd some pages of my diary have disappeared?
@Watty1 You realise this is your old diary not the new one? Isn't the tax stuff where the old one ended?
Make £2025 in 2025
Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
Total £915.94/£2025 45.2%
Make £2024 in 2024
Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards