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Relocation tax rebate - timeframe
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ryan316
Posts: 11 Forumite
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I don't understand what you mean by "tax duty on the new house", the tax free limit for relocation expenses is £8,000 so bear that in mind if you spent more than that as to date the employer has acted prudently be treating the £10K as taxable pay
http://www.hmrc.gov.uk/payerti/exb/a-z/r/relocation.htm0 -
OK lets get specific:
you have been paid £10k via taxable pay, does your employer require you to submit receipts to them to prove what you have spent the money on?
The £10k will in essence be treated as a flat rate allowance, but subject to the £8k limit
http://www.hmrc.gov.uk/manuals/eimanual/EIM03139.htm
so the max tax refund you can get is 8k x 20%/40%/45% depending on your tax band. Your other receipts are irrelevant since £8k is the max allowed tax free and you say the SDLT will account for more than £8k on its own
http://www.hmrc.gov.uk/manuals/eimanual/EIM03110.htm
which form has HMRC told you to use?
it is impossible to say what the time scale will be. As you can imagine HMRC are inundated with paperwork after the year end and it can take them several weeks before they even open the envelope let alone process its contents. expect a minimum of 2 months before you even begin to wonder where it is0
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