Member Since: 2nd Oct 2013
11th Sep 2019
Thanks everyone, it seemed so unfair that I felt that it surely must be wrong!
If he had changed cars at the same time, it would have been pro-rated. Oh well, a strange rule indeed!
27th Mar 2019
Yes it is there - choose the option of next years tax, find the tax code breakdown and then at the very bottom, there is the chance to change things.
The personal tax account is getting better everyday but is is very hard to find stuff, very little logic has been applied to the design..... especially drilling down into the tax codes!
30th Apr 2018
tonycourt, no offence taken. The thread was going off on a tangent, not unusually, and I added to it, albeit of no use to the OP.
That said, I did not state anything incorrect, or contradict Matrix concerning the NRE.
30th Apr 2018
Apologies carnmores, I have been reading up about pension rules recently and got a bit excited that a bit of knowledge had actually stuck!
30th Apr 2018
Just for clarity, to be able to use carry forward, you must pay at least £40k into a pension in the current year before you can use left over allowances from the prior 3 years. The exception is if you are affected by the taper, then you can use left over allowances once you have used your reduced allowance in the year.
29th Sep 2017
At first glance it appears that you may be getting confused about the meaning of survivorship.
Joint assets usually pass by survivorship to the other owner on death. This is merely passing on the ownership, the value of the deceased's share is still considered part of the estate for IHT and Probate purposes.
Then you have the spousal exemption, which allows any assets passed to your father to escape IHT and not effect the nil rate band. The statement about the value of the estate on the grant is correct - the NRB and IHT situation is irrelevant to anyone needing to see the grant.
8th Sep 2017
I am a digital designer we use various forums to seek information about a script sometimes or how to create a digital effect etc. but no one really says that I created a mess and should go to hire another designer. Thanks, anyway.
Ahhhh.. you see this is the issue!
This forum is for accounting professionals to ask questions of other accounting professionals, just like on your designers forum. It assumes a good knowledge of accountancy so that we can discuss the fine details of an issue, not explain the basic concepts of balance sheets etc - that would take years of study and experience!
Your question is impossible to answer in a forum situation, no one is being rude suggesting you see an accountant, it is what you really need to ge sure to get the correct answer for your unique situation!
10th Aug 2017
That is weird! Is it just paid as a 12th each month or are the payments 'lumpy'?
7th Aug 2017
Get him to go in to his Personal Tax Account and he will be able to update it instantly. I recently had the same trouble with the P46(car) and this sorted it straight away, new code issued the day after.
21st Jul 2017
I am a REALLY rusty on this, but I think that the tax wrapper still ceases upon death, and subsequent interest is taxable.
The spouse inherits the right to extra ISA allowance to the value of the deceased's ISA but it is not a continuation of the same ISA.