HMRC Admin 5 Response

Hi CJ C

please refer to Marriage Allowance

Thank you

Hi

As you arrived in the 23/24 tax year, no. The level of income has increased to £150k before a tax return is required.

Thank you

Hi

You will need to ensure that your letter declaring the losses and supporting calculation is in HMRC possession no later that 5 April 2024.  
If received after that date, your 4 year window is ended and your claim is out of date, so will not be considered.  
You should write to HMRC at the address:-
H.M. Revenue and Customs
Self Assessment
BX9 1AS.

Thank you

Hi longini10 Long

No. private residence relief would only apply if you lived in the property.

Thank you

Hi

That is correct.

Thank you

Hi MyName23

For the pay figure the system will round down to the nearest pound so you do not need to enter the pennies for this field. For tax deducted it will include the pennies.  

Thank you

Hi WinterTaz25

If unable to change your address online then you will need to contact HMRC by phone, webchat or in writing.
Details of how to contact HMRC can be found at Income Tax: general enquiries for webchat if you click on Ask HMRC online to be connected to an adviser.

Thank you

Hi

You can still register now but any tax due still has a payment date of 31/01/24 - Self Assessment tax returnsx

Thank you

Hi

Please refer to CG14805.
This confirms your understanding that 100% of the sale proceeds are included in the CGT computation for the tax year of disposal and that no adjustment is made for the 15% held in the escrow account as there have been no claims against the warranty.
No adjustment should be made to the base cost of the shares regarding the interest paid on the amount held in escrow.
As you say, the interest paid from the escrow account would be taxable as income and would have the Personal Savings Allowance applied to it.
These links have general guidance on the meaning and taxation of interest – SAIM2030, SAIM2060 & SAIM2400.
You would need to speak to your employer to find out if there is a particular reason why they have increased the price per share as it may be for another reason.

Thank you

Hi katie Wheatley

Go by the calculation issued. You can make payment via your personal tax account - Personal tax account: sign in or set up

Thank you