I am an executor for the estate of someone who died in 2020. That estate reached the iht threshold and the relevant iht was paid and all other matters dealt with. The deceased was however a discretionary beneficiary in another estate which was subject of long running ... Continue Reading
I am trying to maximise my 60k annual allowance and carry forward for previous 3 years. I would like to pay this on 6 April 2024 as a lump sum but this needs me to estimate what my workplace pension contributions may be for this financial year. This can fluctuate ... Continue Reading
If I have a profit of 68,875 Do I deduct my tax free allowance of 12,570 to get 56,305 final taxable amount? Continue Reading
Self employed plumber. I recently sold my van and am now using my private car for work. I understand that I can claim 45p per mile for eligible business journeys. But I am struggling with understanding how to claim for mileage so would appreciate some guidance. As ... Continue Reading
Hi, some advice on main residence nomination would be greatly appreciated. BACKGROUND 1) We purchased a second home in June 2020 and paid a 3% stamp duty premium on completion. 2} We sold our original home in February 2022 and moved into the second home for 5 ... Continue Reading
Wondering about the tax implications of committing to workplace private health insurance. Salary: 57,500 Monthly cost of family cover: £154.25. Employer pays £61.70 of this. [b] Therefore is it true to say that, for income tax purposes, my income is salary + ... Continue Reading
Hi all. I sold a flat in Jan 2022 and paid my CG. Debited from my account in February 2022. Just received a letter saying that I owe interest of £146.59 because of late payment. The letter says, 'Date payment was made' 31st Jan 2023. I have been waiting on the ... Continue Reading
I have always done my own self assessment. Every year I have to complete a sa109 as I am non resident. I am no longer able to download and print off sa109 because HMRC has scrapped it, I used the HMRC self assessment portal but it's not on there either. HMRC ... Continue Reading