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I have two clients who are partners one of them self
Hi I have two clients who are partners one of them self employed one Earns only £3000 per year. The other earns £47000.How can I use the chaps personal allowance who earns £3000 to set that off agains… read more
bigduckontax
bigduckontax
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Hi I was a director and shareholder in a business that
Hi I was a director and shareholder in a business that today went into liquidation. I invested about £10k in it in terms of direct loans and unpaid expenses, and I also was owed £3000 salary from the … read more
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I work for a UK plc and the majority of my income (pay, bonus,
I work for a UK plc and the majority of my income (pay, bonus, benefits) are taxed at source via PAYE - mostly as a higher rate tax payer, a small amount at the top 50% rate. I recieved a small paymen… read more
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Sam
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I am now a non UK resident and since August 2009 a Swizz tax
I am now a non UK resident and since August 2009 a Swizz tax resident. I have just made a taxable gain of £30,628 from the exercise of share options that were granted and vested while I was in the UK.… read more
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I am a UK domiciled higher rate tax payer. In August 2007 I
I am a UK domiciled higher rate tax payer. In August 2007 I exercised an option from a previous employer to purchase shares for a sum of £3,874.81. On 7 June 2011 I sold these shares and realised a ca… read more
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hello, I have a couple of questions re: tax a) Why is
hello, I have a couple of questions re: tax a) Why is the basic rate extended (due to pension relief) on Self Assesment calculations but not on PAYE system of collecting tax? b) My tax code for 12/13 … read more
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When invoicing a company personally for my consultation time,
When invoicing a company personally for my consultation time, to what extent to I need to justify what I am doing for that company to the tax man? The company is owned by a friend and employs my son w… read more
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HI, what is the most efficient way to withdraw £6k per month
HI, what is the most efficient way to withdraw £6k per month from my closed company with only one director, me? Currently I pay myself £10k salary,£32k dividend gross, expense £1k an month via the bus… read more
taxadvisor.uk
taxadvisor.uk
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i have always been on PAYE with no significant investments.
i have always been on PAYE with no significant investments. I did have a chat with a tax advisor before and he thought my tax records were in order and when I asked if I should be filling in self asse… read more
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I have a NEST EGG Scheme which I can surrender the value as
I have a NEST EGG Scheme which I can surrender the value as a wind up lump sum. Surrender value is £14.872.26 which is 25% TAX FREE, with the remaining 75%being taxed under a high tax. How much would … read more
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My elderly widowed mother owns her own home outright (worth
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Capital Gains Tax calculation Property purchased 30 March
Capital Gains Tax calculation Property purchased 30 March 1973 for £3,500 plus costs £93.85. Property sold 5 June 2009 for £127,000 with costs of £4533.33. Improvement costs during the period held wer… read more
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I worked for a US company and was granted share options by
I worked for a US company and was granted share options by this company. What rate of tax should I have to pay on the profit when I exercise these share options ?… read more
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I am a UK PAYE tax payer now earning 60K. 7 yrs ago I invested
I am a UK PAYE tax payer now earning £60K. 7 yrs ago I invested 50K in trusts from which I draw a monthly earning (£300/mnth). I was not advised on the tax implications of these earnings and told it m… read more
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In 2005 I exercised my company share options and was taxed
In 2005 I exercised my company share options and was taxed at source via PAYE and therefore was taxed on the full amount of the gain. I did not use any of my captial gains tax allowance in that tax ye… read more
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In 2004 I benefited from a share deal from a previous employer.
In 2004 I benefited from a share deal from a previous employer. When the amount was paid to me, the company deducted base rate tax and NI contributions (both employer and employee NI under the terms o… read more
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Ive been share dealing with iii.co.uk for a couple years but
I've been share dealing with iii.co.uk for a couple years but am not very knowledgable with tax. I'm now worried as I heard that tax is charged on every time you sell shares. I've only invested 6000, … read more
Simon Hamilton
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Hi,my father had an investment policy which was opened with
Hi,my father had an investment policy which was opened with a lump sum of £30000 but now valued currently at £28000 from which he used to recieve a sum of approx £125.00 every month with tax paid at s… read more
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