my total income (from my main job and income from let properties) has gone above the threshold £50,000.00 a year since 2020 where as landlord can not offset the mortgage interest on my let property as an expenses. The HMRC kept paying the child benefit for my ... Continue Reading
My tax code is incorrect due to my State Pension being overstated. The Pension Service have provided an amount to HMRC which equates to my new weekly pension x 52. The problem is, my pension increase does not begin until week four, so the actual amount that I will ... Continue Reading
Hi, How many "Number of Disposals" is this on the CG Tax Summary? i.e. does a disposal represent the number of closed out positions (one in this case) or the number of buy transactions (two) or something else? Day 1 buy 10000 shares in Tesla Day 2 sell 5000 ... Continue Reading
Hi! I sold my old home which was rented out for the 10 years after we lived there for 4 years before that. My accountant tells me that any work done to the house WHEN we lived there, is tax deductible from the CGT we now owe. Is this right? Thank you :) Continue Reading
Hello I have a pension £48,000.00 SERP Fund – Self Employed Retirement Plan Which has a Guaranteed yearly pension of £6090.97 pa, Once you action the pension that's your £4800.00 gone. I'm 71 and my wife is 68 If I die a couple if years after I action ... Continue Reading
I was named as joint owner of a property when it was originally purchased, but after 6 years (health issues) it was transferred into just my name. I made a payment of approx 50% of the original purchase price to the other joint owner at the time. This was about ... Continue Reading
Morning all, I really would like some help with a very tricky and annoying situation. My partner is a British citizen and currently working as commercial contract Electrician in Italy. The company he is a sub contractor for, is an Irish Company and they are ... Continue Reading
Hi, Am glad to have found open public forum for tax questions (for neighbour). Has small private pension and only route that makes sense is a drawdown (currently on means tested benefits so any pension payments or annuity woul ... Continue Reading
