 Can someone claim a child that they have custody of but does not live with them? |
| My son has lived with me for the past 4 years I take care of him with the help of my boyfriend. My mother has custody of him and is trying to claim him on her taxes but has only seen him like 5 times ... |
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 About to start a new job - they dont want my bank details? |
its a medium sized call centre, is it possible they will pay cash? if so how can i make sure they pay tax?
In future if i have another child I want to make sure i can recieve tax credits, ... |
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 I got my first paycheck and the company did not do any tax processing? |
i have 40 hours per week , they gave me 40X(hourly rate) to my paycheck
they did not cut any state or federal tax, will this be a problem for me>???
can i pay the taxes ... |
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 Can I simply take 50% hubby's income as my alimony to file 2007 income tax? |
Since in fact we are separated for years and will divorce in few month.
Additional Details
no lie here, we just agreed between us and not go to court yet. We have paid all tax and didn�... |
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 If someone is making over $250,000 a year, can they donate to charity in order to fall in a lower tax bracket? |
| Let's say someone makes $260,000 a year. Can they donate $10,000 to charity and deduct that in order to fall in the <250000 tax bracket?... |
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 Help with fractions please? |
40% of what = 200,000.
This is what the tax man wants in inheritance tax and I just want to know what sum would = 200,000 k at 40% ? Thanks.... |
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 Salary pay question? |
| i have just left my job i was salary paid i got paid on the 28 th of every month i left on the 26 th this month wich means pay day was on sunday they docked my wages because i only worked 20 days ... |
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 As a tourist in the US, is it OK to bring in US$20,000? Is there any custom tax for such amount? |
| Do I have to declare it to US Customs at the point of entry? If yes, will I be charged for any custom tax? Or I just simply need to declare that I have such an amount?... |
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 Child support and Taxes? |
| MY HASBAND PAYS CHILD SUPPORT AND THEY SAY WHEN YOU PAY CHILD SUPPORT IT ALSO COME OUT OF UR TAX RETURNES BUT WE HAD A KID TOGETHER AND I WAS WONDERING IF HE FILED ON OUR CHILD WOULD THE MONEY WE GET ... |
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 I recently got a job that pays cash and doesn't take out tax. What is the "catch" in the job. See details |
| I got a job as a private caregiver and it pays cash without tax. What does it imply?? I'm new in the country. 18yrs old and this is my second paying job. The first one took tax for 2 months. I ... |
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 Why don't I have my direct deposit tax rebate? |
According to this msn link: http://articles.moneycen
All direct deposits should have been out by Friday. Mine is still not ... |
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 Who do i contact about my tax refund? |
| i had my taxes amended in May and am expecting a pretty big return. amended returns are suppose to take 8-12 weeks, and it's going on week 11. how would i find out where my return is, it seems ... |
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 What benefit is it to claim a dependent if you don't get anything? |
| i don't understand. Mom and dad has a child. Mom and dad have court order saying everyother year each one claims child. Regardless of whom the child lives with. Why does one parent not get the ... |
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 Can He claim my son on his tax return without asking me when i already claimed them both..? |
| My EX just text me yesterday and told me that he claimed our 2 year old son on his tax return.. HE never asked me if it would be ok.. i filed my taxes the day before i recieved his text and I had ... |
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 Can I deduct my laptop? |
| I work from home as a medical transcriptionist. I bought my laptop to finish my online schooling, and for work. I got it in June 2006, and started working in November. I have the reciept. The ... |
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valerie.ruane@btinte... | If I have two houses and I want to sell both of them will I be liable for capital gains? |
Both houses are about #150.000 each. |
 |
 
bruce m
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depends on how and when you got them. if one was inherited then inheritance tax applies. if you lived in both index linking applies. better to get expert advice it can be complicated. i sold a house while owning another and no tax was due i also will inherit a house so have looked into it. |
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cliveyboyuk
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If you live in one and it is your main residence then that will not attract Capitol Gains. You should pay Capitol Gains on the other one but only on the amount above the original purchase price, even than you can offset any cost of repairs and improvements together with legitimate expenses relating to this property.
Should you live in neither then you will be liable for tax on both, again with the above deduction being applied.
Because the tax is 40% it would be worth while paying for the advise of a Property Tax Account. A couple of hundred pounds could save you thousands.
Good luck and enjoy spending your money. |
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Ferrari Babe ¸.•*´`*♥ ♥*´`*•.¸
 |
Yes, whichever is not your place of residence will be liable. Have you consulted an Accountant? |
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WILLIAM S
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It all depends. If both houses were used by you as your homes or residences then you could have made an election within 2 years of using the both homes to elect which one would be your PPR. This affords you preferential terms when it comes to selling either of the properties as any property that has been your PPR at any time first of all is exempt for the period of being your PPR, then the last 36 months gain is also exempt and if you ever let it out you could claim lettings relief up to a sum of £40,000 by way of further exemption from CGT. Clearly you can tax plan pretty well with this sort of thing and you do need to see a tax specialist long before you actually get round to selling and putting them on the market. Remember you would have other reliefs potentially available e.g. NonBusiness asset taper relief and your annual CG exemption limit of £9,200.
You could if you were able and the circumstances were right save yourself a good bit of money.
Also depending on what Alistair Darling says later this week it could be an advantage to sell after 5th April 2008 in any case. |
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Cheri S
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you are liable for capital gains if the ones you sell are not your principal residence.
Not sure about the UK, but here in Canada you are exempt ONE TIME in your life from capital gains, so if that works for you, go for it, but if you plan on doing something else later in life I would suggest you wait. (of course that is if you even have that there) |
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philmiller@btinternet.com
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Unfortunately yes on one property unless your accountant has a creative streak. Best leave it to the pros |
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Scarlett write
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you are only entitled to one primary residence so i'm afraid the second will be liable for capital gains tax. |
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globar
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If you live in one ...then only one ... |
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Eh! say`ello to mi Lidal fwend!
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yep but only on the profit you make on them. |
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