HMRC Admin 5
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RE: Ex signing over her part of property to me
Hi
If your main home was your main residence for the whole time you owned it, private residence relief will cover any gain arising from the disposal, so capital gains tax would not be payable.
Your ex-gf may have capital gains tax implications from giving you her 50% share of your rental property, as she has disposed of this asset.
If you dispose of the property you may also have a capital gain. If there is a gain, then she would have 60 days from the completion date to report and pay the capital gains.
Have a look at Capital Gains Tax, for more information and a capital gains liability calculator.
Thank you -
RE: Self Assessment Penalty
Hi Steve OConnor
Contact us by webchat or phone via Self Assessment: general enquiries - we can confirm the closure of your record, and give advice on the penalty received.
Thank you
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RE: Payment of Income Tax
Hi
If you were due to receive your payment in the 2003/04 tax year but that payment was inadvertantly delayed and only received in 04/05, the payment would still count towards your income in 03/04, and be taxable in that year. If you had deferred receiving your 03/04 payment until 04/05, it would be taxable in 04/05.
Thank you -
RE: Workplace Pension Contribution and NMW
Hi tony_tony
This is correct. Your employer has to follow the rules around the national minimum wage.
By paying in 80% of your income into the pension scheme, you would not earn enought to meet the guidlines of the national minimum wage.
Have a look at National Minimum Wage and National Living Wage rates.
Thank you
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RE: VAT on services for goods exported from the UK
Hi Shelley Dillon
Please see the last section of the guidance below:
Check if you can use a VAT margin scheme if you import from, or export to, countries outside the UK
Thank you