 Child benifit? |
| me and my partner want a baby but he works full time and earns 15k i earn a little less and would like to stay off work for as long as possible to start with how much money if any would we be ... |
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 Do we really need to raise taxes? |
Wouldn't it be a lot better if Congress just learned how to spend less?
I think they should just drop all the subsidies for a year then decide who really needs them. This would save ... |
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 Do you smoke ? If so help.? |
| Did you know by January 1, 2008 , Cigarette's are going to take a $6.10 a carton tax hike? State and Federal cigarette taxes have been raised 73 times since the year 2000- increasing the average ... |
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 I want to file my own tax return at age 14...? |
| but my parents say that I can't be on two different tax returns.If I file my own tax return can they still claim me on their return?... |
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 Was the 16th amendment ever ratified? I don't think so.... There should be no law to pay INCOME taxes.? |
It's a direct tax, not apportioned.
Interestingly, I've been immediately jumped on and tagged a "tax protester".
Perhaps I just follow the constitution.
... |
|
 Got an email from the IRS, how do I know it's legitimate? |
The email says I'm entitled to a refund and then wants me to click on this link: http://www.bertorotta.it
This looks like a spoofing attempt to me, does anyone ... |
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| My grandfather died in 1997. My mother received her share of the estate in 2005. She then died in 2006. She had given away 80% of the cash she inherited before paying any estate taxes. The ... |
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| Income tax does nor exist 4me. have never, ever paid a flippin' cent 4'ncmtx. what's in stock 4me, jail? |
i wouldn't mind serving time in jail as long as the chow is good and i ain't 2work 2hrd and i have some kind on relaxation on
week-ends..... |
|
 Stimulus check, how you spending? |
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 If the IRS was abolished how much danger are accountants in? |
I'm going to school to be an accountant, But I'm also supporting Ron Paul (You know, beacuse I care about America and Freedom)
But if He started working to abolish the IRS and ... |
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 I received a letter rom the UK lotteries that I won a cool million bucks. Ok, I know wta u're thinking.? |
| These people hv not asked me for any 'fees' or anything but hv accepted my suggestion to allow me to come over to the UK to collect the prize myself. So, what do u think? Shoud I go or not?... |
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bigbadjohnland | I BOUGHT MY UNCLES HOUSE DO I HAVE TO PAY TAX IF I SELL IT thank you.? |
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 |
 
TallPaul
|
If it has been your main residence for 6 months, then No, you won't have to pay Capital Gains Tax. I'm fairly sure that's how the system works...
Additional:
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_4016337
Keep the thumbs down coming, ya f**ktards. And to the Yanks: LOOK AT WHAT SECTION THIS IS ASKED IN, THEN F**K OFF AND SPOUT YOUR IRRELEVENT AND WRONG ANSWER SOMEWHERE ELSE. |
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Foo
|
No as long as its your only house. People do not have to pay income tax on the sale of their only residence. However if it is a second house you will have to pay capital gains tax. |
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Paul S
 |
no you dont if its your main residence as no tax is due on sale of own home.
so you could of bought it for £1 and sell it for £100,000 and no tax will be due.
8) |
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old know all
 |
If it's your main residence, no. If it's not and you sell it for more than you paid for it, you pay capital gains tax on the profit. Following the Chancellor's autumn statement, the way capital gains tax is paid is likely to change from April. |
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Sue C
 |
It depends on whether you have lived in it or not. If it was what is termed as your "principal and private residence" (for UK tax purposes) then no. If however you developed the property and then sold it then yes. Give the Inland Revenue a call if in doubt. They've got loads of leaflets on this subject. |
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sam
|
If this is not your main or principle residence then you will have to pay Capital Gains Tax (this is assuming you live in the uk). Speak to an accountant about this
If you live in the property then no Tax is payable. |
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troop there it is
|
no |
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Dragoner
|
Yup! There's a tax called Capital Gains Tax. Not sure how this is worked out exactly, but your local tax office can advise you.
If you are not sure where your local tax office is located, try your town hall, they usually have an office in there somewhere.
House prices are set to tumble by about 40% over the next couple of years. I'd get a move on if you plan to sell otherwise you may lose wonga! |
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Lori E
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Yes, if it's an "arms length" sale. |
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organbuilder272
|
Not sure of UK if that is where you are at. In USA you must pay capital gains tax on the amount of difference between the buying and selling price if the selling price is more than the purchase price.. However, if you invest that money in another house within a specific time period, ther is no tax. |
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le_widowmaker
|
Not if it's your first house sale. You're covered up to $700k or so. If you put it right back into another house purchase, you're covered too. |
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