Stack Exchange Network

Stack Exchange network consists of 175 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [united-kingdom]

For questions that relate to the laws, practices, and products of the United Kingdom.

1
vote
0answers
15 views

Protection against loss of investments if a fund provider fails

What would happen to my pension or ISA investment in a fund (such as Vanguard LifeStrategy 60) if the provider of that fund failed and went out of business? I understand that FSCS protects against ...
2
votes
1answer
67 views

What is a reasonable discount on the share price for a 25% holding?

One party controls 75% of the shares and voting rights of a small private company. The other party controls 25%. The larger party wants to buy out the smaller party to own 100%. The shares were ...
1
vote
1answer
107 views

How do Vanguard LifeStrategy 60 Inc units generate a yield when all the sub-funds are Acc units?

According to Vanguard's portfolio information for Lifestrategy 60 Inc units, the sub-funds of which it's made up are entirely Acc units (with the exception of an inconsequential 0.0% in a distributing ...
52
votes
5answers
28k views

Withdrew £2800, but only £2000 shows as withdrawn on online banking; what are my obligations?

I just withdrew £2800 from the bank. Looking at my online banking, there is only a withdrawal of £2000 listed. The form I signed said the amount I asked for, and the teller weighed the cash out on the ...
1
vote
1answer
57 views

Can I invest using the All Weather Portfolio strategy buying US stocks but on the London Stock Exchange?

I really like Ray Dalio’s ‘All Weather Portfolio strategy’ and I would like to follow this, but I’m struggling to find relatable USA ETF’s that I can buy into on the LSE. Even if I did manage to find ...
3
votes
0answers
40 views

Capital Gains Tax and Main Residence

If I changed my main residence 4 years ago, but did not inform HMRC, then can i register for the dates i actually changed my main residence when i sell my older property, in order to avoid paying more ...
32
votes
8answers
7k views

Mortgage adviser recommends a longer term than necessary combined with overpayments

My wife and I are currently househunting and have, as part of this process, had a preliminary meeting with a mortgage adviser. They asked all the expected questions about finances to see what our ...
7
votes
2answers
258 views

Is the seller of a property in the UK in a position to dictate what the buyer does with it?

I know very little about the housing market or mortgages (it's just not taught in school in the UK, whereas oxbow lakes and pathetic fallacy are), but within a year I should be able to get my foot on ...
2
votes
1answer
50 views

Do I need to file a tax return if my tax code is NT (UK)?

I have been living in Germany for three years and working for a London-based company (as an employee) remotely from home. (I lived in the UK between 2012 and 2015.) I sent P85 to HMRC back in ...
0
votes
2answers
76 views

UK mortgage, owned house abroad as a 'deposit'

does anyone know if there is a possibility to get a house mortgage in UK, but as a 'deposit' use a property located in other European country with value much higher than what would be required for ...
1
vote
1answer
110 views

Does an unused overdraft help or hinder credit score?

Whilst at university, I was given an interest- and fee-free overdraft of £2000. I finished uni a few years ago by now, and the interest- and fee-free deal has now ended. I don't use the overdraft at ...
3
votes
0answers
123 views

Capital gains tax and HMRC. What is the definition of a lodger and is there a difference between a friend staying a few months and a lodger?

I have two friends living with me and they only pay bills (no rent) and I wondering if I would be liable for CGT on the period they live there? I don't take any rent from them at all and they are ...
1
vote
1answer
80 views

Capital Gains Tax - rented my flat at no real profit for a number of years

I have been letting my home to lodgers on and off for a few years to friends for no profit or a considerably lower profit (30% -50% of market value). I don't consider it a business or a money making ...
1
vote
1answer
28 views

Capital gains tax calculations - percentages per year of increase or at sale (UK)

Purchased house for £100,000 in 2008 Sold house for £200,000 in 2017 The house was let out entirely for the duration of ownership. My income for 2017 was under the tax free allowance. Now, to ...
2
votes
1answer
60 views

Invest in Motley Fool 100 through UK ISA?

Is it possible to invest on a Motley Fool 100 based index through a UK ISA?
3
votes
0answers
50 views

Motley Fool US v UK?

Does anyone know the relationship between the Motley Fool US and the Motley Fool UK? A few years ago, fool.co.uk was a lively web site with very active forums. Then it changed into something that ...
1
vote
0answers
33 views

UK shares Investment advice

Having read the Motley Fool UK Investment guide many years ago, I have invested in various index trackers through ISA over the years and am very happy with this. However... I just read the (US) ...
3
votes
2answers
85 views

Stocks and Shares ISA: fees, taxes, portfolio size

Is an ISA of this kind worth it for a portfolio < £2000? If so, are Stocks and Shares ISAs subject to any not-so-obvious fees for someone without previous experience (i.e. overnight fees)?
3
votes
0answers
24 views

How to report contributions to UK pension (USS) on US taxes?

I am a United States citizen living and working in the United Kingdom. I am enrolled in the Universities Superannuation Scheme pension plan. Do contributions to this plan need to be reported on my ...
5
votes
1answer
112 views

Student debt in arrears from living overseas- what to do?

I have been living overseas for 3 years and did not inform the student finance company (stupid, and totally my fault!) and they have recently sent me a letter asking to confirm my employment status- a ...
0
votes
0answers
27 views

UK Limited company - confusion around National insurance thresholds and Employee Personnal allowance

I could not find answers to my question online, so I thought someone here might know what can be done regarding the below: I have a standard limited company with a 1185L tax code. Looking at: https:/...
1
vote
2answers
88 views

When is the best time to schedule a credit card payment date with Vanquis?

My credit card arrives in a few days so I am unsure of my statement date and payment due date, although I know I am able to change my payment due date. I am paid the 18th of every month and ideally I ...
0
votes
0answers
32 views

Regarding the thresholds for employers

I have a limited company (based in the UK) through which I worked in a larger company. A year ago, I stopped working for this larger company. As I was no longer working (ie I was no longer getting ...
2
votes
0answers
16 views

Tax on Canadian investments for a Canadian expat in UK

I have never studied accounting before looking for some guidance on my issue. I have investments in Canada that I have to file tax returns for capital gains and dividend income. However my primary ...
2
votes
0answers
34 views

Arrange custody for CREST-qualified London Stock Exchange shares

I own some shares in a non publicly traded investment company / mutual fund and I am told that the company is going to seek listing in the London Stock Exchange and have its shares become "CREST-...
1
vote
1answer
65 views

What's the best way of dealing with pensions in the UK

I'm currently living in Cambridge, UK. My company contributes 5-15% of the salary to the pension. I'm planning to permanently move abroad in 3 years. I can opt out of the pension, or stay in the ...
1
vote
0answers
100 views

Being put on the property deeds of jointly owned house

This is my conundrum. I bought a house 17 years ago with my brother. The problem we have is that I am not on the deeds. We bought the house as an investment property. I was not considered for the ...
5
votes
2answers
560 views

Is it possible to pay off a friend's debt without them being taxed on it?

I'm in England. Let's say my friend has £45,350 salary, and a credit card debt of £5,000. Were I to pay that debt off for them, would that £5,000 from me count as income, increasing their tax bill? ...
1
vote
0answers
64 views

How to declare small business income before bank account is open

I have incorporated a company in December last year, and since then we started making money but had no bank account. Because of the company structure, one of the shareholders who owned more than 25% ...
3
votes
2answers
80 views

UK Council Tax Premium on Empty Properties

I am renovating an old house to such an extent that I cannot live in it at the moment. This has been the case for long enough now that last tax year I had the 50% premium added to my council tax bill. ...
1
vote
0answers
29 views

What were quarterly values of the MSCI “WMA Private Investor Income Index” (TR) for the last 5-6 years?

In the UK, the WMA indices are quite popular with "wealth management" types for benchmarking performance of clients' multi-asset portfolios. I'm interested in finding the historic values of the WMA ...
5
votes
1answer
87 views

What is the earliest I can file a self-assessment tax return in the UK after the tax year ends

I have overpaid tax in the UK this tax year, and for cash flow reasons, it would be best to get this back as soon as I can by filing a tax return as soon as possible after the year ends. How quickly ...
2
votes
1answer
44 views

Where are records of fund ownership held between platform and fund

I own a number of units in a fund. Does the fund know that I own those units? Or only the platform on which I hold them? To put it another way: If different customers own units in the same fund on ...
4
votes
1answer
43 views

Calculating annual pension contribution including defined benefit (UK)

I'm trying to understand how to calculate how much money I can pay into pensions this year. I understand how to calculate the annual allowance, which isn't the problem: instead, I need to understand ...
1
vote
1answer
59 views

UK tax residency - how is it checked?

I am just reading RDR3 Statutory Residence Test document from HM Revenue & Customs. It says that you have to be in the UK at midnight in order for the day to be counted as the UK taxing day. I ...
5
votes
1answer
100 views

Who Guarantees What in the 'Current Account Switching Guarantee"?

Someone I know recently used the UK 'current account switching service'. Suffice to say, it didn't go as its supposed to. The old bank account was closed without collecting the direct debits and ...
4
votes
2answers
285 views

Victim of mandate fraud

I'm hoping somebody will be able to help me with my situation. I have summarised it as concisely as possible below. I had been dealing with a kitchen company who were to provide me with a new kitchen ...
2
votes
1answer
163 views

I have a dental health policy and I have a general health policy that includes dental. Can I claim on both?

I had to have a crown for £500. I claimed through the specialist dental insurance. They paid out £350. Can I now claim on the other general insurance policy for the £150 that wasn't covered? I know I ...
2
votes
0answers
31 views

As a UK LTD Company should my allowable expense claims be inclusive of VAT

I'm starting a LTD company in the UK and have a question surrounding the way that allowable expenses are claimed. I understand that this question has probably been asked numerous times but no matter ...
6
votes
2answers
128 views

Leasehold Pub— What happens at the end of the lease term?

Was hoping someone might explain how leaseholds come to an end, I’ve been googling for ages but seem no closer to finding an answer. Example: Leasehold 50,000 Annual rent 20,000 Free of tie lease 10 ...
1
vote
1answer
100 views

Calculating Interest Paid for Federal Deduction on a UK Student Loan

My spouse has a UK student loan. The loan has a 1.5% interest rate, and you only start repayments once you earn over a certain threshold. They do a calculation of how much you need to repay which I ...
3
votes
1answer
132 views

Income from dividends and rental

My total income for this tax year is £5600 from share dividends and £6000 from rental income, i.e., £11600 should I be filling out a tax return or some such. Or am I one of the people who is ...
3
votes
1answer
85 views

Interest-free loan: how is “utilisation” calculated re credit score?

I have, historically, always had an excellent credit score. I never spend beyond my means, and always pay off my credit card in full every month. I really only have the credit card in order to accrue ...
1
vote
0answers
141 views

Dropshipping - Should I set up a business for this?

I've been looking in to the world of dropshipping and am keen to give it a go myself. I'm just curious if it would be wiser for myself to set up a business in order to do this or am I able to do it ...
4
votes
1answer
172 views

After the sale of my company, I’d like to make a cash gift to a friend who worked as an employee of my company

The cash gift will be paid from my personal bank account from the proceeds of the sale of the company. I will have already paid appropriate tax on the proceeds received from the sale as per the rules ...
0
votes
1answer
151 views

Text message about my tax return, fraud?

I am on holiday in Russia. I am from the United Kingdom. I received a text message from GOV saying: A tax return is pending due to previous overpayments. Follow the secure link to claim your ...
2
votes
1answer
109 views

Moving out of the UK. What should I do with my UK personal pension?

I have been working for a few years in the UK and my employers created personal pensions and contributed to them. Now I'm moving out of the UK and I'm not sure what to do with these. As far as I know, ...
2
votes
1answer
118 views

Recently started selling hand-made products in online shop. What do I need to do? UK

I'm a hobbyist electronics engineer and I occasionally sell things that I make (electronic music devices) on eBay. It has snowballed a little bit and I have opened an online shop. I live in the UK ...
0
votes
0answers
63 views

Taxation after money received into UK bank account while not living/working there

I've lived and worked for a year in the UK, received salary and paid taxes there, but I returned to my home country. I'm about to receive money for a work I've conducted for a foreign entity who'll ...
3
votes
2answers
66 views

UK CGT on selling rental property

I bought a property for £235,000 in 2013. I'm hopefully selling the property soon for about £325,000. I lived in the property between 2013-2015. During this period the property grew in value to £300,...