Taxes - July 2006

Ok, I am in the UK, I win £5million on the lottery, and want to give £1million to my parents, my bro and a friend... will they be taxed on this? I asked this already and people started talking about inheritance tax... don't know why, I have no plans to die in the next 7 years, or even 50 years! If they can be taxed, to what amount, and how do I get round it?

2006-07-07 02:55:32 · 8 answers · asked by Mustard Jones 2 in United Kingdom

I've already looked on the internet under everything I can think of, but can't find it. Our cash registers at our store figures it in automatically, but we won't have a cash register outside with us.

2006-07-07 00:33:53 · 3 answers · asked by cinderiddle 1 in United States

2006-07-06 17:43:27 · 2 answers · asked by angel 1 in Other - Taxes

2006-07-06 16:11:50 · 13 answers · asked by redrosepetal 4 in United States

2006-07-06 15:06:46 · 3 answers · asked by Anonymous in United States

2006-07-06 14:52:31 · 12 answers · asked by Anonymous in United States

I recently purchased a home through a Bank Loan. Will the interest paid on the loan this year be tax deductible?

2006-07-06 14:35:17 · 6 answers · asked by sukcorb 2 in United States

Both of our last 2 presidents, George Bush Sr. and Bill Clinton, advocated increases in income tax rates for upper middle class income taxpayers. Both justified the tax hikes by claiming they would lead to lower interest rates. How can an increase in taxes lead to lower interest rates?

2006-07-06 13:49:34 · 2 answers · asked by iamstidi 1 in United States

2006-07-06 11:13:06 · 5 answers · asked by Eric Inri 6 in United States

2006-07-06 11:07:03 · 8 answers · asked by GetDownWitIt 1 in United States

2006-07-06 10:10:49 · 17 answers · asked by Anonymous in United States

2006-07-06 08:29:37 · 3 answers · asked by JB 2 in United States

2006-07-06 01:41:07 · 11 answers · asked by pocholo 1 in Philippines

2006-07-06 01:06:34 · 14 answers · asked by pocholo 1 in Philippines

2006-07-05 23:20:54 · 8 answers · asked by Namita B 1 in India

I am setting up a trust. My name is on the house deed. To decrease my taxable assets in the trust, I want to title the deed in my 4 children's names. Can this be done ?

2006-07-05 14:40:12 · 5 answers · asked by victorhugo 1 in United States

2006-07-05 14:15:11 · 5 answers · asked by dallas56894 1 in United States

2006-07-05 10:33:02 · 5 answers · asked by Anonymous in United States

Also, does anyone know what percentage they take out of check in North Carolina?

2006-07-05 10:13:32 · 4 answers · asked by Anonymous in United States

some say paying taxes where only 60 percent actually goes back to the community and 40 percent to the pocket of corrupt officials encourages tax cheats.

2006-07-05 10:08:43 · 3 answers · asked by Anonymous in Other - Taxes

What is the best way for me to advertise my Tax Preparation Business? I'm planning on sending out postcards locally next January...is there a better way? What kind of advertising do folks out there like to receive? Obviously I could hire someone, but I'm all about doing this myself. How can I get out there..what works, what doesn't?

2006-07-05 08:09:19 · 5 answers · asked by slheeley 1 in United States

2006-07-05 07:41:08 · 8 answers · asked by syed a 1 in United States

If gross taxable income is say Rs.4.5 lakhs & PPF Investment is Rs.50000,what will be the tax liability & how to calculate it for the last financial year?

2006-07-05 07:40:46 · 3 answers · asked by ushashastri2003 1 in India

2006-07-05 04:41:15 · 4 answers · asked by Anonymous in United States

2006-07-05 04:37:06 · 5 answers · asked by bubbly_blonde74 1 in Canada

2006-07-05 04:02:11 · 2 answers · asked by MIGUEL F 1 in United States

2006-07-05 03:36:20 · 2 answers · asked by Anonymous in United States

2006-07-05 01:46:56 · 8 answers · asked by kumail 2 in United States

If a New Jersey resident works for himself and develops software for clients around the country, should he charge sales tax?

2006-07-05 01:24:30 · 2 answers · asked by corus_corvax 2 in United States

2006-07-05 00:58:14 · 5 answers · asked by dogsryder 1 in United Kingdom