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In order to help, we need to know: 1. The purchase price of the property' 2. Who did MIL leave her share of the house to? 3. What was the value of the house at MIL's death?

These people seem to have a fairly approachable attitude towards the tax or ordinary people. Here is their explanation of the difference between employee and the self employed: http://www.litrg.org.uk/help/lowinco...oyedor.cfm#Any You can of course be both in the course of a week, depending on which job you are working on.

Quote: Originally Posted by paddypaws101 I have a friend in the same line of work who set herself up as a LTD company several years ago and seems to be ( legally) paying a lot less tax than me. I doubt whether there would be that much difference in tax between a Ltd Company and a sole trader unless you are prepared to leave money in the company bank account. I would also not do anything until the pre budget report as there is talk of...

If her husbands estate went to her 20 years ago then the IHT allowance on her estate will be 650,000 so no tax will be payable in any case. So she can give whatever she wants to who ever she wants and there will be no IHT to pay.

Quote: Originally Posted by TM1976 Here is some information on French gift tax: http://riviera.angloinfo.com/countri...ce/moretax.asp It appears that this is just a part of the inheritance tax regime there and as such you have the option to pay tax now or when the donor dies. There are also some exemptions that you can use to gift depending on your relationship with the recipient. Thanks for the link. I don't know with 100% certainty how...

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Quote: Originally Posted by Pennywise It's easy for your OH to set up an employers PAYE scheme so that he can pay you a reasonable wage for the hours you work, i.e. books, admin, telephone answering, etc., which can usually add up. Every £100 he pays you will save him £28 in tax and NIC. HMRC do free local courses on payroll, so it shouldn't be too much of a burden on you to learn how to do the form filling, especially if...

hi again, this is just an afterthought to complicate things even more, if my other half was to gift or give a long standing loan agreed between daughter and oh for say 20% of the purchase price, that would mean she would have 50% deposit meaning a better deal with interest rates on mortgage, it would not be disposal of assets as neither of us are in the inheritance tax bracket. she would i suppose just be getting part of her inheritance up...

The standard advice given on here is to start as a Sole Trader then if and when you start earning enough to get into the higher tax band, consider forming a Limited Company. It seems that you have reached this point. I think that the higher rate tax will rise from 40% to 50% soon, which is another reason for considering incorporating. It does involve stricter rules for the accounting, and 'all and sundry' means anyone, not just some...

Why don't you speak to your payroll department about it?