HMRC Admin 5 Response

Hi 

The expenses cannot be claimed on your employment section of the Return as they relate to self employment.  You should include the expenses on your self employment section which will create a loss.  Please see HS227 Losses (2023) - GOV.UK (www.gov.uk) for further information.

Thank you

Hi

In the capital gains section, you should select either "listed shares and securities or unlisted shares and securities, depend on the shares you had.  
Click on the dropdown and select 'NVC', as well as declare the loss.  You should also provide supporting evidence of the NVC as an attachment, to support your claim.  You generally cannot carry losses back.  
There are some siuations where this is possible.  Have a look at the helpsheet for losses at HS227 Losses (2023).

Thank you

Hi

There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to inheritance tax regarding any inheritance tax implications
How Inheritance Tax works: thresholds, rules and allowances and Inheritance Tax: general enquiries
You may also want to review the guidance at How Inheritance Tax works: thresholds, rules and allowances. 
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax.
Further guidance can be found here Tax on savings interest and Tax on dividends

Thank you 
 

Hi

PRR is calculated as the gain (after deductions) multiplied by the period of main residence over the period of ownership, eg  £100000 * (40+9)/110 = £44546.  £100000 - £44546 = £55454 that is charged to tax.  
If the PRR covers all of the gain, then there is no tax to pay.  The tax return should show the disposal value, the allowble costs should inclue the calculated PRR, leaving a gain that SA will apply the annual exempt allowance to.  
Have a look at helpsheet HS286 at HS283 Private Residence Relief (2023).

Thank you

Hi

Please see Report and pay your Capital Gains Tax: What you need to do - Report and pay your Capital Gains Tax

Thank you