HMRC Admin 5 Response

Hi 

Savings from past income arising from tax years when you were not UK resident, are not taxable.  Any interest your savings generate is.  
If your savings are outside of the UK, then this is foreign interest and a tax return will be required, as foreign income is a trigger for a tax return.  
If the interest arises in the UK and is over £10000, then a tax return is required.

Thank you

Hi

What finances were used to acquire the property do not play a part in calculating capital gains tax.  It is the price you paid for it and what you disposed of it for that are important.

Thanks

Hi Flipflop78 Helga

Your late mother's estate will be taxed in Germany.  Once all German taxes are paid, you will inherit your 50% of the estate.  
If you inherit a property or a shre of it and dispose of this property for more than the estates value, then you may have capital gains tax to pay on this.  
Capital gains tax arising from foreign property, should be declared in a self assessment tax return.

Thank you

Hi Chris Taylor

You will need to contact HMRC to review the repayment to see why now showing as a balance due.
You can contact HMRC Self Assessment: general enquiries

Thank you

Hi

We can only provide general information /guidance in this forum.  
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at Contact HMRC or seek professional advice.

Thank you

Hi Kiran Rai

A tax code of 1257L, allows for 1/12 of your personal allowance (12579/12 = 1048) to be set against your employment income each month.  
This is added to the next months income and a further 12th added, so that over the full 12 months of a tax year, your personal allowance is alloated in full.  
In this way each months should be the same as the last, provided your earnings remain the same.  This does not always happen.  Sometimes it is necesarry to apply a tax code on a 'month 1' basis.  
This means that each month, your earning for that month are treated as though they were from the first month of the tax year and 1/12 of your personal allowance applied.  
Each month is treated the same.  This can sometime mean that tax is paid, when it is not due.  
To have your tax code changed from a month 1 basis to a cumulative basis, will require that you HMRC on 0300 200 3300 or via webchat (Income Tax: general enquiries), to advise that when you commenced this employment, it was you only employment in the tax year and that you would like a cumulative tax code to be issued to your employer.

Thank you

Hi

If the sibling who is the beneficial owner of the property, pays a sum to their sibling to remove them from the mortgage, then there is no capital gains liability, as the mortgage is only a means to acquire the property.  
It is the beneficial owner who will potentially be liable to capital gains tax on the disposal of the property.  Please have a look at CG10720 - Persons chargeable: beneficial owner onwards for more information.

Thank you

Hi

Yes.  Your 'side hussle' does not appear to be through employment, which means that it is self employment.  
As your turnover is more than £1000, you are required to register for self assessment, as self employed.  
When you declare your profits and expenses, self assessment will factor in the Class 1 National Insurance deducted by your employer, when calculating the Class 4 National Insurance arising from your self employment.  
Any tax and national insurance that arise from your completed tax return, will be collected through self assessment.  Please see Register as a sole trader.

Thank you

Hi Qori
Yes a replacment cheque can be issued to a nominee. You will need to write to us with the name and address of the nominee to receive the replacement repayment. Please include:

• your full name 
• your full address
• your signature
• your National Insurance Number. 

Along with:

• the date you signed the letter.
• the repayment amount and
• the year the repayment is for.

The address to send the letter to is< Pay As You Earn and Self Assessment, HM Revenue and Customs, BX9 1AS United Kingdom.
The address, if originating from outside the UK is: HM Revenue & Customs, Benton Park View, Newcastle Upon Tyne NE98 1ZZ United Kingdom. If you also contact HMRC by phone or webchat we can send a referral to have the original cheque cancelled so that when you letter arrives a replacement can be issued:
Income Tax: general enquiries Thank you

Hi 

If you contact our self assessment helpline on 0300 200 3310 or our webchat facility at Contact HMRC, we can provide you with a letter confirming the correct pay figures to use on you tax return.  
This will ensure that you use the correct figures and avoid any complications arising from the take over.

Thank you