Hello, I hope somebody can help me please. I own a property that me and my wife live in after we recently married. We are purchasing a 2nd property to live in but keeping the current one until after completion on the 2nd. We will then sell this one. I know we ... Continue Reading
Hello A quick question please. An individual earns £80k in the tax year and has no other income. Additionally they receive a £30k tax-free redundancy payment. Does this redundancy payment, by taking them over £100k, cause clawback of personal allowance? ... Continue Reading
Hi, I’m one of many beneficiaries to an estate of final value around £1.5 million. The estate was originally valued at around £2.4 million and part of the IHT was paid. The property was eventually sold 4.5 years after death and the true estate final value ... Continue Reading
I can't understand the HMRC tax calculation. I moved into higher rate for a small amount of tax from last year now when it says I have to pay 20% tax on £38,524 this seems odd as the difference between 20% and 40% is only £37,699. It just doesn't seem to make ... Continue Reading
My wife opened a Nationwide building society account in Nov'24 with some inheritance money. She closed it in May'25, triggering around £1,500 in gross interest. Realising her personal savings allowance allowed only £1,000 per year, she contacted HMRC and was ... Continue Reading
Hello all I have been a long time lurker on this forum but this is my first post. I have been unable to find information on Google unfortunately. I am a UK resident since 2015 but born and raised in Italy (now have double citizenship although am aware this is ... Continue Reading
My father (80) and his wife (married 2 years) (79) have made their wills leaving everything to me. They are Ireland residents who own their own home (no mortgage) with an approximate value of £450,000. In addition, they have circa £250,000 savings and no debts. I ... Continue Reading
I read that from 2027 "the Government will charge customeres tax on the iterest from a Cash Holding in a Stocks and shares ISA" I am in my 80s and currently have c £150,000 Cash in my Share ISA producing c£5,000 pa interest. The money represents some excellent ... Continue Reading
