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Questions tagged [united-kingdom]

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

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1answer
52 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 ...
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1answer
102 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 ...
51
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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Withdrew £2800, but only £2000 shows as withdrawn on online banking; what are my obligations?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 ...
2
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1answer
63 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 ...
7
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2answers
255 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 ...
1
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1answer
171 views

Relocation confusion

In the UK the government has rules on relocation. https://www.gov.uk/expenses-and-benefits-relocation/what-to-report-and-pay It states that I do not have to report qualifying costs up to 8k. I have ...
32
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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 ...
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1answer
130 views

Opening a bank account in the UK for a non-resident friend

I live in the UK. I have a non resident friend who wants to invest his money and set up a business here. He asked me to do an enquiry about opening a private bank account. This will be his first step ...
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1answer
762 views

What is the UK-US tax treaty information relevant to IRS form W-8BEN for a private investor?

https://www.irs.gov/pub/irs-pdf/fw8ben.pdf I am looking to start buying shares in US companies, through brokerage firm 212. I need to fill in the above form to do that. What do I need to put in for ...
3
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0answers
39 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 ...
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0answers
120 views
+50

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 ...
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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 ...
2
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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 ...
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2answers
75 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 ...
6
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1answer
253 views

Tax question - Inheritance from UK living in USA

I am a Green Card resident in Nebraska USA, and I am a UK citizen. Is it correct that I need to report to the USA Government if I inherit more than $10,000 from my father’s Will (he too was a UK ...
1
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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 ...
5
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1answer
99 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 ...
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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 ...
1
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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 ...
2
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1answer
59 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
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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
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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 ...
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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) ...
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1answer
55 views

Ex-pat investing in the UK

I am young Brit, beginning my career as a scientist in Germany. Over the last few years I have accrued a sum which I wish to invest as long term savings, however the life of a scientist is one of ...
2
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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 ...
3
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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
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1answer
111 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 ...
1
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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 ...
6
votes
2answers
2k views

Incorrect student loan arrears balance - should I pay it?

Background I have a student loan (Plan 1) with the Student Loans Company in the UK. I've been living overseas for several years and making income contingent repayments, based on an annual income ...
0
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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:/...
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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 ...
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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
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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
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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 ...
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0answers
99 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 ...
4
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0answers
385 views

How do I fill in a W-8BEN for for sites such as Zazzle as an individual?

I have have some cash sitting (and growing) in a Zazzle.com account for a while. In order to have this cash paid to me as a U.K. citizen still living in the U.K., I need to submit a W-8BEN form. I ...
5
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2answers
559 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? ...
3
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1answer
869 views

What are the companies in the FTSE4Good UK 50?

I've been looking for a definitive and up-to-date (and reasonably regularly updated) source listing the companies included in the FTSE4Good UK 50 index (preferably by their LSE ticker code). This has ...
4
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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 ...
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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
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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. ...
81
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11answers
24k views

What to do if I can't trust myself with monthly wages?

I work in the UK, like most people here I get paid once a month. I've been doing this for about 2 years now (on a modest income) and my ability to make the money last has not gotten better (if ...
1
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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 ...
5
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1answer
351 views

What is an Open Offer in the context of stocks and shares?

One of the companies I own shares in has just announced an Open Offer, giving me the opportunity to buy additional shares. What exactly is an Open Offer, how does it relate to a Rights Issue and how ...
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1answer
119 views

UK - Rights Issue

A company I was holding recently did a Rights Issue, giving me an extra x amount of shares in a new line from the main shares at a lower price. After reading http://www.investopedia.com/articles/...
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3answers
822 views

Why UK bank charges are not taken account when looking on interest for taxation?

In UK when filling-in self-assessment, HMRC is asking for amount of interest received during the tax year. But bank charges are not taken into account. See example here: my bank charges me £5 ever ...
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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
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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
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1answer
2k views

Is a fee note the same as an invoice?

I pay an accountant £800 a year to do the usual accountancy things. I've received a fee note from him for filing the annual confirmation statement. So, is a fee note the same as an invoice? Do I ...
0
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1answer
22 views

NRE to foreign account transfer

Can I transfer money from my Indian NRE account to my sister's savings account in UK bank?