Questions Regarding Completing Self Assesment in Free Agent
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- Posted:
- Proposals: 3
- Remote
- #1418711
- Expired
Description
Experience Level: Intermediate
Industry: Internet/Software
Description of support work: I use free agent - however I wish to have some advice and ensure everything is entered correctly for my self-assesment return at the end of this month.
Extra notes: Since September 2015 all of my income has been in the form of PAYE through a limited company of which I am a director and have paid no other income to myself prior to April 2016.
Prior to this I did do some freelance work which I need to add.
20/05/15 £2000
19/06/15 £1750
22/07/15 £1125
14/08/15 £750
19/08/15 £1312.50
Making a total of £6937.50
I have recorded a total of £3122.40 in travel, subsistence and accomodation expenses in completing these jobs.
My total pay from my limited company was £4,229 on which I paid £7.40 in tax.
I received only £12.50 interest from Halifax of which £2.50 was deducted for tax in the period.
I also received a settlement in my divorce case concerning the transfer of my jointly owned property with my ex-wife. The payment was relatively small (£5000) and we had been living together in the house until July 2015, and payment was made in May 2015 just after the decree absolute in late April 2015.
My main questions is am I liable to pay Capital Gains Tax in respect of the divorce settlement. If that is the case does this mean I cannot submit it using FreeAgent.
Also should I just enter £10 for my taxed interest income.
Should I enter the freelance work as "Other UK Income" ?
Description of support work: I use free agent - however I wish to have some advice and ensure everything is entered correctly for my self-assesment return at the end of this month.
Extra notes: Since September 2015 all of my income has been in the form of PAYE through a limited company of which I am a director and have paid no other income to myself prior to April 2016.
Prior to this I did do some freelance work which I need to add.
20/05/15 £2000
19/06/15 £1750
22/07/15 £1125
14/08/15 £750
19/08/15 £1312.50
Making a total of £6937.50
I have recorded a total of £3122.40 in travel, subsistence and accomodation expenses in completing these jobs.
My total pay from my limited company was £4,229 on which I paid £7.40 in tax.
I received only £12.50 interest from Halifax of which £2.50 was deducted for tax in the period.
I also received a settlement in my divorce case concerning the transfer of my jointly owned property with my ex-wife. The payment was relatively small (£5000) and we had been living together in the house until July 2015, and payment was made in May 2015 just after the decree absolute in late April 2015.
My main questions is am I liable to pay Capital Gains Tax in respect of the divorce settlement. If that is the case does this mean I cannot submit it using FreeAgent.
Also should I just enter £10 for my taxed interest income.
Should I enter the freelance work as "Other UK Income" ?
John S.
100% (4)Projects Completed
6
Freelancers worked with
6
Projects awarded
27%
Last project
28 Jul 2020
United Kingdom
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