United Kingdom

mygirlfriend and i ,brought a house for 45k 9 years ago, last year we brought another house and rented out our old one,our first house is now worth 130k, how much if any tax would we have to pay on this if we sold it this year?

2007-05-03 05:38:23 · 5 answers · asked by jammys 3

2007-05-02 20:37:37 · 1 answers · asked by anthony 1

jonny so that couldnt mean you pay 40%tax on a monthly basis i am confused as she doesnt have over 35th per month

2007-05-02 14:34:13 · 3 answers · asked by sugarbell 2

My brother has got full time job(40 hours per week).He`s got an offer to take a part time job as an extra,what would be £500 monthly for him.
Does anybody know if his full time job will affect his part time,when they will tax it?I know they don`t take much tax from £500 (monthly),but will they take more tax from it ,if he will have another £1500 from another job?I mean when they tax your money do they put all your income together from different jobs ,or they just tax it all seperately?

Is it worth for him to do a part time job as an extra or he just should do overtime?

2007-05-02 08:51:04 · 11 answers · asked by kati 1

Do any of you good folk know what you do when you are about to start work but as soon as you do, income support gets stopped. I wont have anything to live on for about a month (apart from DLA which isn't enough) and will have to wait (I imagine) for tax credits to sort out and housing benefit too. I still have to pay my rent too. Any ideas? Been trying to get through to tax credits department, but no answer. I also won't have any evidence to give inland revenue till I get my first payslip with my hours and pay, etc.

2007-05-02 06:39:21 · 8 answers · asked by Pinky 1

She has been told by her solicitor that she will be liable to pay 3% of £290,000 combined valuation of both properties and that I will be liable to pay up to £3000 even though the property I am buying is valued at £120,000 she has been told it is because we are related and it is regarded as an exchange of property even though we are both buying and selling .

2007-04-30 06:45:15 · 4 answers · asked by Susan O 1

2007-04-29 22:34:27 · 3 answers · asked by Marcus 2

2007-04-29 06:37:20 · 4 answers · asked by Joyce Z 1

do i have tp pay it back i thought the government a few years ago waived all overpayments,as it would cause familys hardship,

2007-04-28 06:17:59 · 10 answers · asked by Anonymous

2007-04-27 13:23:53 · 3 answers · asked by marco c 1

2007-04-26 23:47:58 · 1 answers · asked by DKB R 1

Im buying a house in california, the house cost 250,000. Im going to get a 30yr traditional loan. should I include the taxes in the payment or should I pay the taxes at the end of the year. I understand that the interest Im paying is tax deductable so would this help me at all. how much would the property taxes be on a 250, 000 home per year???

2007-04-26 10:25:40 · 4 answers · asked by oldskool 2

How would it cost?
or is it a % of how much i pay for it?

2007-04-25 16:21:50 · 4 answers · asked by Anonymous

Is it the owners or the tenant of a flat?

2007-04-25 02:30:07 · 5 answers · asked by Anonymous

Please explain how capital gains tax works in UK

Let's use an example for clarity.
Say you buy 100 shares of XYZ stock at £10 for £1000.
Six month later you buy another 50 shares of XYZ at £15, or £750 for this trade.
Another six month later you sell 75 shares of XYZ at £20 and receive £1500 for this trade. After this you still have 75 shares left.

Ignoring commissions, how much capital gain/profit do you report on that sale of 50 shares?
How much tax might you pay on that sale if you're already at the maximum tax bracket in your particular location?

Thanks in advance. I actually live in Canada so please excuse me if the example seems weird.

2007-04-24 15:06:53 · 1 answers · asked by SC 1

2007-04-24 04:02:52 · 1 answers · asked by jack675120002000 1

Someone I know has rented their flat for a small amount of time (under yr) to a student therefore can claim back the council Tax. However if they try to claim the money back they inform the Local Govt that their property has been rented. Therefore news might get back to the Tax man thus would they have to pay income tax on the rent income? The rent income only covered the mortgage so no money (profit) was made but are they still taxable? If so would it be best not to claim back the council tax so no one knows the flat's been rented.

2007-04-24 03:03:39 · 11 answers · asked by A . Z . 3

In the one of the recent mails i have got in the yahoomail from the msn.awa.team@hotmail.com. they told that
The prestigious Microsoft and aol has set out and sucessfully organised a Sweepstakes marking 2007 anniversary we rolled out over £5,000.000.00 (Five million Great Britain Pounds) for our year Anniversary Draws. Participants for the draws were randomly selected and drawn from a wide range of web hosts which we enjoy their patronage.
And i am one among the 10 jackpot winners they have selected. For other details they are asked to consult the e-courier company in United Kingdom
ecourier Delivery Service, The Old Truman Brewery
11 Hanbury Street , London
E1 6QR ,
REG ORDER NO: OM657252
Tel: +44 701 113 0994
Fax: +44 870 471 4089
ecourier@ecourierdepartment.orangehome.co.uk.
Thier Delivery officer Mr. Lelvin Smith asking me to pay 396 UK pounds for the purpose of delivery charges. Already i payed 396 pounds, now he is asking to pay 534 punds more.true/not

2007-04-24 03:03:34 · 4 answers · asked by chavali venkatasiva subrahmanyam 1

2007-04-23 09:03:02 · 4 answers · asked by sweet31jj 1

i found mail on my computer about claiming 750;000 currency

2007-04-23 04:30:26 · 11 answers · asked by Arvell B 1

what is this

2007-04-22 06:36:54 · 3 answers · asked by PRAMOD G 1

I earned 986 pounds last tax year but I pay 201 pounds tax.How can I get my tax back?

2007-04-21 23:56:10 · 2 answers · asked by Linda M 1

Dear Sirs,
Is a person identified as a Mr.Guy Hamilton affiliated with HSBC London?

2007-04-21 09:18:56 · 4 answers · asked by Anonymous

I have been retired for 12yrs and have paid tax on
a private pension for the 12yrs. My total income is
£150 per week (tax paid annually is £160--48p)
Would I be able to claim a rebate?

2007-04-21 05:29:54 · 3 answers · asked by Anonymous

I played free lotto, and they said i won 1,000,000 in pounds. to calin i just had to fill out a attached form and re-send it to them, not really any personal info, just basic name, address, no SS# or anything such...so I took a chance, and there was no fee's string's anything required. Is this really legit, or fraud. I'm waiting for a response, I just sent it today..?

2007-04-19 07:01:51 · 5 answers · asked by Anonymous

I feel that VAT percentage has risen greatly since 1985. If that is so, what are the basic percentages for each of the years 1985 through 2006?

2007-04-18 12:02:01 · 1 answers · asked by budwright72 1

2007-04-18 08:00:20 · 4 answers · asked by Shankar K 1

If I currently own two houses, I know I am liable to CGT on one which is not my main residence. Is there anyway to avoid this, such as transferring this into my mothers name?? Im in the uk

2007-04-17 22:01:36 · 2 answers · asked by septempber 1

i work as a chef for an agency, and they say i can't be self employed anymore cos of sum changes in tax laws or sumthin and say i should be able to set myself up as a ltd company.

What are the pros and cons of doing this and how mite i go about it?

i only really work for about 3 months solid in the summer and then sporadically during term time (studying my way out of the kitchens)

Thanks in advance.

2007-04-17 10:32:44 · 2 answers · asked by pledger166 2

2007-04-17 07:21:49 · 6 answers · asked by Jim H 1