United Kingdom

My beloved uncle died and me and my five siblings are the benificiaries of his will. His London bungalow is worth well over the inheritance tax threshold of 300,000 pounds, but certainly not if you split it six ways. So do you have to pay inheritance tax on the value of the estate or on the amount which each individual eneficiary receives?

2007-10-22 11:02:41 · 5 answers · asked by Anonymous

2007-10-22 10:19:07 · 2 answers · asked by bubby3655 1

Hi I work full time earning £21,000 and currently in discussion to start doing some freelance website work on the side for 1 single client. They want me to invoice them monthly and they will be paying me between £250-450 a month (not agreed it with them yet) direct to my account.

What I need to know is what I need to do re tax etc as I've never done freelance work and always been employed full time so really confused. I guess from reading other questions I have to register as self employed (yet whilst also having full time employment as I will continue my normal job).

As I will only be earning £250 (maybe £450) a month and will be the same set amount a month I am worried I will loose it all up in tax, like I pay over that in tax for my full time job. Or does it work that I will pay very little tax as I will only be getting £3000 a year from this freelance work?

Any help would be much appreciated, I am going to call HMRC in the morning but wanted something to ease my mind now.

Than

2007-10-22 09:31:01 · 6 answers · asked by nigelsmith27 1

I fear that such a large tax take will destabilise my nation and cause some form of rebellion. Which I don't want. Or maybe I do?

2007-10-22 07:56:20 · 8 answers · asked by Anonymous

2007-10-21 07:39:42 · 7 answers · asked by cuddles 2

2007-10-21 02:53:57 · 13 answers · asked by Anonymous

why BAGTCO is recruiting without even interviewing, I got an offer to work at St Helena as Mktg Mgr. it sounds something fishy.

2007-10-20 18:37:15 · 2 answers · asked by sanjiv 1

2007-10-20 04:15:25 · 5 answers · asked by bradhust 2

2007-10-20 04:07:04 · 3 answers · asked by Aaron W 1

2007-10-19 03:56:20 · 2 answers · asked by edd 1

2007-10-18 09:51:38 · 13 answers · asked by Mitchell E 1

Hello, I have worked in England from 1988 to 1992, I am back in Italy and I need to know what's the amount of income taxes paid in UK to add them to my national pension scheme. I have tried to contact IR but I had not luck. Thank you
p.s. I still miss england....and your pubs.

2007-10-18 09:01:11 · 5 answers · asked by Brizio 2

2007-10-18 00:36:18 · 4 answers · asked by agm 1

I am paying £109 in Cornwall, for a 2 bed private rent house!

2007-10-17 11:35:13 · 17 answers · asked by Heidi T 1

2007-10-17 09:18:36 · 7 answers · asked by Ryan D 2

what is the rate in % of tax do you pay if you earn 13650 p/a and national insurance.

2007-10-17 03:31:54 · 1 answers · asked by Aiden R 2

I wonder if this is simply because they won't give any to them!!!

2007-10-17 01:17:21 · 4 answers · asked by Plato 5

how do i claim .Is there a form to fill in and from where ....any other information i need ..which department deals with it ..

2007-10-16 07:22:45 · 9 answers · asked by Anonymous

Just wondering if he's in some special sort of rich club that has different tax laws to the rest of us.

2007-10-15 12:29:59 · 4 answers · asked by Anonymous

2007-10-15 04:15:44 · 13 answers · asked by LITTLE NUGGET 3

2007-10-14 04:31:31 · 2 answers · asked by Anonymous

2007-10-14 01:10:24 · 8 answers · asked by Anonymous

Post Bank Plc
54 Lombard Street, London EC3P 3AH
United Kingdom

2007-10-13 17:24:49 · 2 answers · asked by home_maker10_10 2

I have a invoice total for £100 pounds incluid VAT.
so I need to know how much I pay for VAT.

2007-10-13 10:17:09 · 8 answers · asked by Anonymous

I need to do the meeting minutes for my family's trust and I am looking for a template to use. Appreciate any help.

2007-10-13 07:10:16 · 2 answers · asked by fiddefura 2

2007-10-13 02:16:31 · 10 answers · asked by Anonymous

Is this for all married couples or just those with kids?

2007-10-12 23:49:35 · 4 answers · asked by ChocLover 7

I need some money to pay loans and buy things. Can I take a loan of 5000 pounds from my friend? What exactly are laws regarding tax on cash gifts in the UK?

2007-10-12 18:56:36 · 2 answers · asked by catspin 1

I live in CA trying to find the sales and CRV tax code

2007-10-12 05:52:03 · 3 answers · asked by Boston George 3

Would someone kind enough to tell me where one can get a report for the amount of Poll tax(rates) increases since 1990, by diffrent councils in England and Wales. I would also like to know how the banding system works and how it is decided that your house is in a specific band for rate purposes.

2007-10-11 18:57:26 · 5 answers · asked by Anonymous