HMRC Admin 5 Response

Hi Prabhakar

We can only advise as per our previous response.

Thank you.

Hi

Unfortunately we do not deal with posts about accounting software on this forum. You will therefore need to contact QuickBooks direct.

Thank you

Hi Anna

We are unable to answer this type of question on the forum.
You can find guidance on preparing your company accounts here Running a limited company: your responsibilities
If however you require more specific guidance then you will need to seek professional advice. 

Thank you

Hi 

You can open a Stocks & Shares ISA with £20,000 as long as you have not already invested £20,000 in an another ISA, such as a Cash ISA - you can also open a Stocks and Shares ISA in 2025 but again the maximum investment of £20,000 would apply - you cannot carry forward the annual investment limit of £20,000 to the next tax year -  please see the following Guidance - Individual Savings Accounts (ISAs)

Thank you

Hi 

The higher rate Personal Savings Allowance is £500, as is the 24/25 dividend allowance.
If your savings or dividends exceed these allowances, any unused tax free Personal Allowance will be applied to the excess amount.
You would only need to submit a Self Assessment for 24/25 if your savings and investment income (excluding dividends) exceeds £10,000, or your gross dividend income excesseds £10,000.

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Hi 

Please refer to guidance here Securities disposed of for more than their market value

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Hi

Yes this will be seen as a gain. A value will have been applied at the time he inherited it - probably under probate and it is this that he uses, his half, as the purchase price.
For market value, you need to get 3 valuations done, by an estate agent, to take an average price, in order to get the disposal value.
Having his brother living there has no effect on your husband's gain.

Thank you

Hi 

A Non Dom only needs to declares income more than £2,000 if it is brought into the UK - please refer to the following Guidance -
Tax on foreign income
please also see the following link about proposed changes - Technical note: Changes to the taxation of non-UK domiciled individuals
You pay an annual charge of either:  
£30,000 if you’ve been here for at least 7 of the previous 9 tax years
£60,000 for at least 12 of the previous 14 tax years

Thank you

Hi aflewitt78

You will need to telephone 0300 200 3310 for an update Self Assessment: general enquiries

Thank you