sonny-dev/inters-qdu huggingface dataset:
Query: What to do with an old building to get money

Relevant passages:
 <=SEP=> There are a few ways to get money from property, but I'm not sure any would work for you: 1) Firstly you could sell it. Selling the building might require enough repairs that the building is habitable; if the repair costs are too high, you might not be able to recover costs from selling. For a particularly old and unkempt building, this is more likely to be the case. In extreme scenarios, you may earn more net profit by demolishing a decrepit building, and simply selling the land. Make sure you aren't setting your price too high if you are desperate to sell; dropping your price might make the headache of upkeep go away, and might be better for you financially in the long run. 2) You could rent it - but if it is so uninhabitable you can't sell it, then this is unlikely without repairs (and it seems you don't want to do this anyway). 3) If your building is in an area where the zoning laws are not strict, you may be able to apply for a permit to have it zoned for commercial use - and either run a business out of it, or rent it to someone else to do so. Again, this would be dependent on repairs if the building is uninhabitable, and also would require the building to well-situated for a business. 4) You could take out a mortgage on the building. Of course, this has two big caveats: (a) the bank would need to assess the building for value [and it seems not to be worth much in your case]; and (b) this provides only temporary cash, which you would need to pay back to the bank over time. In some cases, if you had a solid plan, you might be able to take a mortgage out against the value of the land, and use the cash from the mortgage to do some repairs, so that it would be in good shape for selling.
Query: What evidence do I need to declare tutoring income on my income tax?

Relevant passages:
 <=SEP=> I have been a private tutor on and off for about 30 years, in three countries, so I understand your concerns!  I always kept records as though it was a real business - even if I only had one student I kept records of dates/times/names, and also tracked where the money went (I never spent it straight up - it always got deposited to complete the paper trail; yes, this is paranoia on my part).  I've never been asked to prove anything with regards this income (although I have no Canadian experience). It's always been a case of tell the tax folks and make sure my arse is covered if they come asking questions. Hope this helps.
Query: Is it possible to create a self-managed superannuation fund to act as a mortage offset? (Australia)

Relevant passages:
 <=SEP=> If you're under age 55 and in good health generally you cannot withdraw your funds from super and your super fund cannot provide you with any financial assistance eg lend you money. However, for a very small percentage of people with unrestricted non preserved superannuation components ( check your statement most people's superannuation is 'preserved'which means they cannot access it until they meet a 'condition of release')they may withdraw their super benefits upto the unrestricted non preserved amount. For healthy (& able) persons  aged 55 and over they may access their super under the following conditions: I can understand your frustration of having your money compulsory tied up in superannuation especially given the poor investment returns of the past 5 years. However, superannuation may be more flexible than you realize, I am an adviser at Grant Thornton and I am constantly telling clients that superannuation is not an invest but it the most tax effective long term savings vehicle available to Australians for their investment savings eg max 15% tax on income and capital gains if held for a year are taxed at 10%.  If you're not happy with your investment returns you may like to seek some advice or,set up your own super fund - a self managed super fund where you can invest a wide variety of assets; shares, managed funds,cash, term deposits, property( your super fund can even borrow to help acquire the property) I hope this helps

 <=SEP=> You can set up a Self Managed Super Fund (SMSF) and use it to buy residential investment property, and as Justin has mentioned even borrow to acquire the investment property through the SMSF.  However, you cannot hold your home in the SMSF, as this would be classed as an in-house asset, and you are only allowed to hold a maximum of 5% of the total market value of SMSF as in-house assets. Furthermore, as you already own your house, you are not allowed to transfer residential property into a SMSF from a related party, even if done at current market value (you are allowed to transfer business real property from a related party at current market value). Regarding loans, you are not allowed to lend money from your SMSF to a related party as well.
Query: If I deposit money as cash does it count as direct deposit?

Relevant passages:
 <=SEP=> "Well, it's directly depositing money in your account, but Direct Deposit is something completely different: https://en.wikipedia.org/wiki/Direct_deposit Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes, and other government charges. Direct deposits are most commonly made by means of electronic funds transfers effected using online, mobile, and telephone banking systems but can also be effected by the physical deposit of money into the payee's bank account. Thus, since the purpose of DD is to eliminate checks, I'd say, ""no"", depositing cash directly into your account does not count as the requirement for one Direct Deposit within 90 days."

 <=SEP=> "As RonJohn points out, direct deposit is something very different.  What's going on here is that they are trying to exclude the ""customers"" that open the account simply for the premium and then close it again as soon as the terms of the offer have been met.  Most people have only one regular source of direct deposit money, either their paycheck or a retirement check.  This acts to make it hard for them to simply take the offer and run."
Query: How can I cash out a check internationally?

Relevant passages:
 <=SEP=> I know someone around there, who might be able to collect it for   me.Would I still be able to cash it out in the other country? Or can   he/she cash it out for me? Unlikely. Unless they deposit it into a US bank account in your name. You can cash US checks in almost any decent bank anywhere in the world, but it may cost you some and will probably take 2-3 weeks. Since the amount is won in the US, how would I pay the taxes? , since   its earned over there. You would file a tax return with the IRS and send them a payment. You can buy drafts in US dollars almost anywhere in the world.

 <=SEP=> "Your friend probably cannot deposit the check to your U.S. bank account. U.S. banks that I've worked with will not accept a deposit from someone who is not an owner of the account. I don't know why not. If some stranger wants to make unauthorized deposits to my account, why should I object? But that's the common rule.  You could endorse the check, your friend could then deposit it to his own account or cash it, and then transfer the money to you in a variety of ways.  But I think it would be easier to just deposit the check in your account wherever it is you live. Most banks have no problem with depositing a foreign check. There may be a fairly long delay before you can get access to the money while the check clears through the system.  I don't know exactly what you mean by a ""prize check"", but assuming that this is taxable income, yes, I assume the U.S. government would want their hard-earned share of your money. These days you can pay U.S. taxes on-line if you have a credit card. If you have not already paid U.S. taxes for the year, you should make an ""estimated payment"". i.e. you can't wait until April 15 of the next year, you have to pay most or all of the taxes you will owe in the calendar year you earned it."

 <=SEP=> This question was asked three years ago, but now that it's 2017 there is actually a relatively easy, cheap and fast solution to at least the first half of your question. To cash the check: I've done this a half dozen times while abroad (from the US) without any problems.

 <=SEP=> I've been a landlord and also a tenant. I have been able to deposit money in an account, where I have the account number, and/or a deposit slip. In a foreign bank you can deposit by a machine if in the bank or someone is there for you and knows the account number. With regards to cashing a check in another country, it is up to the bank and the time is at least 14 to 21 business days, with a fee is added. As of a winning check, since its in your name, if you are in another country sign the check, for deposit only with a deposit slip and send it to your out of country bank by FedEx - you will have a tracking number, where as regular mail it might get there in 3 months. I hope by now you came to your solution.
Query: I have around 60K $. Thinking about investing in Oil, how to proceed?

Relevant passages:
 <=SEP=> One possibility would be to invest in a crude oil ETF (or maybe technically they're an ETP), which should be easily accessible through any stock trading platform.  In theory, the value of these investments is directly tied to the oil price.  There's a list of such ETFs and some comments here.  But see also here about some of the problems with such things in practice, and some other products aiming to avoid those issues.  Personally I find the idea of putting all my savings into such a vehicle absolutely horrifying; I wouldn't contemplate having more than a small percentage of a much more well diversified portfolio invested in something like that myself, and IMHO it's a completely unsuitable investment for a novice investor.  I strongly suggest you read up on topics like portfolio construction and asset allocation (nice introductory article here and here, although maybe UK oriented; US SEC has some dry info here) before proceeding further and putting your savings at risk.

 <=SEP=> "This is only a partial answer to your question #1. If you have a conservative approach to savings (and, actually, even if you don't), you should not invest all of your money in any single industry or product.  If you want to invest some money in oil, okay, but don't overdo it. If your larger goal is to invest the money in a manner that is less risky but still more lucrative than a savings account, you should read up on personal finance and investing to get a sense of what options are available.  A commonly-recommended option is to invest in low-cost index funds that mirror the performance of the stock market as a whole.  The question of ""how should I invest"" is very broad, but you can find lots of starting points in other questions on this site, by googling, or by visiting your local library."

 <=SEP=> If you've decided to ignore the sound advice re: oil company stocks, and you want something directly linked to the price of oil, do the following: Understand that oil producers would like avoid the risk of a price drop, and oil consumers (refiners, electric utilities, etc.) would like to avoid the risk of a price rise. Understand that you are about to assume their risk.

 <=SEP=> Royalty trusts track oil prices (they're a pure play on ownership of a portfolio of mineral rights and do not otherwise have the operations that the oil companies themselves have).  Many publicly traded ones listed at the embedded wikipedia link.   Oil tankers are having a bang up business right now as described in the article, but that's because of the low prices and flood of product from the middle east.  The article notes that inventories are near capacity, so terminals and pipelines may be in for a few good years, though these do not directly track oil price.  However, as a way to bet on oil or oil services, many terminals and pipelines are organized as publicly traded master limited partnerships or MLPs, often spun out of a major oil company for tax reasons, allowing fine-grained investment in specific assets.
Query: Can I transfer my investment property into a SMSF?

Relevant passages:
 <=SEP=> Regarding transferring a residential investment property into your SMSF, no you cannot do it. You cannot transfer residential property into your SMSF from a related party. You can only transfer Business Real Property (that is commercial or industrial property) into a SMSF from a related party. You can buy new residential property inside your SMSF, and you can also borrow within the fund (using a non-recourse loan) to help you buy it, or you could buy it as tenants-in-common with your SMSF (that is you own say 50% in your own name and 50% under the SMSF). Regarding self-managing the investment properties held in your SMSF, yes you can, but you should make sure all your paperwork is in order (all your t's crossed and your i's dotted). You can even charge your SMSF for managing the properties, but this should be at market rates (not more).
Query: May I claim money earned but not received in 2012

Relevant passages:
 <=SEP=> If you didn't receive the money in 2012 or have constructive receipt you really can't claim the income. If the company is going to give you a 1099 for the work they aren't going to give you one until next year and if you claim it this year you will have a hard time explaining the income difference. On the other hand if this isn't miscellaneous income, but rather self employment income and expenses you should be able to claim the expenses in 2012 and if you have a loss that would carry over to 2013. Note it is possible to use an accrual basis if you are running a business (which would allow you to do this), but it is more complex than the cash accounting individual tax payers use.
Query: Where should a young student put their money?

Relevant passages:
 <=SEP=> "Good for you! At your age, you should definitely consider investing some of your hard-earned and un-needed money in stocks with the long-term goal of having your retirement funded. The time horizon that you'd have would be vastly superior to that of millions of others, who will wait until their thirties or even forties to begin investing in stocks, giving your compound interest prospects the extra time anyone needs for a spectacular vertical incline in your later years. Make sure to sign up to automatically re-invest the dividend payouts of your stocks, please. (If you don't already know how being young and investing well in your early years is more powerful than starting out ten to twenty years later, do a little research on ""Compound Interest""). Make sure you monitor your investments. Being young means you have time to correct your investments (sell and buy other assets) if the businesses you initially selected are no longer good investments."

 <=SEP=> It really is dependent upon your goals.  What are your short term needs?  Do you need a car/clothing/high cost apartment/equipment when you start your career?  For those kinds of things, a savings account might be best as you will need to have quick access to cash. Many have said that people need two careers, the one they work in and being an investor.  You can start on that second career now.  Open up some small accounts to get the feel for investing.  This can be index funds, or something more specialized.  I would put money earmarked for a home purchase in funds with a lower beta (fluctuation) and some in index funds.  You probably would want to get a feel for what and where you will actually be doing in your career prior to making a leap into a home purchase.  So figure you have about 5 years.  That gives you time to ride out the waves in the market. BTW, good job on your financial situation.  You are set up to succeed.
Query: How should I file my taxes as a contractor?

Relevant passages:
 <=SEP=> For tax purposes you will need to file as an employee (T4 slips and tax withheld automatically), but also as an entrepreneur. I had the same situation myself last year. Employee and self-employed is a publication from Revenue Canada that will help you. You need to fill out the statement of business activity form and keep detailed records of all your deductible expenses. Make photocopies and keep them 7 years. May I suggest you take an accountant to file your income tax form. More expensive but makes you less susceptible to receive Revenue Canada inspectors for a check-in.  If you can read french, you can use this simple spreadsheet for your expenses. Your accountant will be happy.
Query: Unmarried Couple Splitting up with Joint Ownership of Home

Relevant passages:
 <=SEP=> "Despite the unmarried status, you need to see a lawyer.  Essentially you have a business with this person owning a home as the asset, and a mortgage for which you are responsible for.  A lawyer needs to examine any paperwork you have and with knowledge of your particular jurisdiction's laws can advise you on the proper course of action. You paint a really ugly picture of this guy.  I bet you are correct that he is kind of a horrible person.  ""Tough love"" time:  You willingly entered into a long term contract with this person.  Why would you do such a thing?  Perhaps some self reflection and counseling is in order.  This is probably more important than worrying about your credit. All that being said, it is good of you to want to break ties with this person.  You can rebuild.  All will be good if you concentrate on the right things."

 <=SEP=> Because you're not married, its a partnership agreement, and unless there's a written contract, either the two of you agree on how to handle the home, or it's off to court you go. If you were both supposed to pay for the home, and he failed to for a a while, that would put him in breach of contract which I would think gives you a good position in court. On the other hand, if you are at all concerned about your safety from this louse, remember, he knows exactly where the house is.
Query: Should I prioritize retirement savings inside of my HSA?

Relevant passages:
 <=SEP=> "Unquestionably I think the priority should be funding retirement through ROTH/IRA/401K over HSA extra.  Obviously you need to fund your HSA for reasonable and expected medical expenses.  Also there is some floor to your more traditional retirement funding. Beyond that what does one do with excess dollars?  Given the lack of flexibility and fees, it seems clear to do ROTH IRA and 401K. Beyond that what then?  You may want to decide to ""take some money home"" and pay taxes on it.  Do you have a desire to own rental property or start/purchase a business?  Upgrade your home? etc... If all those things are taken care of, only then would I put money into an HSA. YMMV but most people, maxing a ROTH IRA alone, will have plenty of money for retirement given a reasonable rate of return."

 <=SEP=> "You would want to prioritize Roth and retirement over HSA. As the HSA is only for health and dental expenses, which you will always have, overfunding it will put you in a bit of a pickle for all of the life involved. For example, even if you or a loved one develop a strange & expensive ailment, the HSA will only cover the medical costs, but not any travel to specialists, hotel stays, home alterations, special vehicles, or lifestyle alterations (food, clothing). However, you will eventually stop working even if you are healthy throughout your life.  I would suggest that you treat the HSA as a part of your overall emergency fund, giving it a cap the same as you would normal non-retirement savings. Since you stated you have three young children, small and large medical expenses (such as braces, trips to the emergency room) are something that are almost guaranteed, thus having fairly large amount in the HSA would be very beneficial throughout their time with you. Once the children have left however, if you still have an overwhelming balance in your HSA, you may not want to add anymore to the HSA. Setting a cap for the HSA based off a certain number of years of deductible payments for medication would be a good place to start.  Roth accounts, whether it be within your company's 401k plan or the IRAs for yourself and your spouse, are single-handedly the best location for your money for long-term savings. Roth money grows tax-free, is immune to Required Minimum Distribution provisions, and will avoid estate escrow when going to one's beneficiaries. Even if you tap into the funds prior to age 59 1/2, you would only pay taxes on any investment growth, in addition to the 10% early withdrawal penalty. If you have established Roth IRA accounts and have an AGI that disallows you to further contribute to them, there is still a provision to get Roth funds contributed via conversion through what is commonly called a ""back door"" Roth."
Query: Work on the side for my wife's company

Relevant passages:
 <=SEP=> My understanding (I am not a lawyer or tax expert) is that you are not allowed to work for free, but you can pay yourself minimum wage for the hours worked. There are probably National Insurance implications as well but I don't know. The main thing is, though, that if HMRC think that you've set up this system as a tax avoidance scheme then they're allowed to tax you as though all the income had been yours in the first place. If you are considering such a setup I would strongly advise you to hire a qualified small business accountant who will be familiar with the rules and will be able to advise you on what is and is not possible / sensible. Falling outside the rules (even inadvertently) leaves you liable to a lot of hassle and potentially fines etc.

 <=SEP=> "In the US, you'd run the risk of being accused of fraud if this weren't set up properly.  It would only be proper if your wife could show that she were involved, acting as your agent, bookkeeper, etc. Even so, to suggest that your time is billed at one rate but you are only paid a tiny fraction of that is still a high risk alert.  I believe the expression ""if it quacks like a duck..."" is pretty universal. If not, I'll edit in a clarification.  note -I know OP is in UK, but I imagine tax collection is pretty similar in this regard."

 <=SEP=> Depending on how much freelance work we're talking about you could set up a limited company, with you and your wife as directors. By invoicing all your work through the limited company (which could have many other benefits for you, an accountant/advisor would... well, advise...) it's the company earning the money, not you or her personally. You can then pay your wife up to £10,000 per year (as of writing this) without income tax kicking in. You would probably have to pay yourself a small amount to minimise exposure to HMRC's snooping, but possibly not... as far as I'm aware the rules do not state anything about working for free, for yourself - and I wouldn't worry about the ethics, you're already paying plenty into HMRC's bank account through your day job! Some good information here if you're interested: https://www.whitefieldtax.co.uk/web/psc-guide/pscguide-how-does-it-all-work-in-practice-salaries-and-dividends/