HMRC Admin 5 Response
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RE: Sale of jointly owned asset, creating a loss
Hi
Yes as jointly owned, all income and expenses in relation to the property should be split 50/50.
Thank you -
RE: furnishing expenses for FHL in Ireland/capital improvements/solar panels
Hi
Please review the guidance at PIM4140 (PIM4140 - Furnished holiday lettings: special tax treatment of furnished holiday lettings) as some of the expensses you are referring to, may be allowable, as the property is a FHL.
If you qualify for capital allowances for the solar panels, have a look at the guidance at CA22335 for guidance on plant and machinery allowances. (CA22335 - Plant and Machinery Allowances (PMA): Solar panels).
Thank you -
RE: Certificate of Tax Residence
Hi
If you did not enter a start date when you updated it online, it will automatically default to the date you done the update.
You now cannot enter the date you moved as this will be earlier and will need to put in a date later that the original online update.
Thank you -
RE: Redundancy pay taxed by employer
Hi
Please have a look at EIM13874, as some termination payments do not benefit from the £30000.00 threshold (EIM13874 - Relevant termination awards received on or after 6 April 2018.
If your termination payment does qualify for the tax free threshold, then you will need contact HMRC in writing to
H.M. Revenue and Customs
Pay As You Earn
BX9 1AS
or by telephone to the contact centre for tax enquiries, for advice on the action required.
The tax enquiries helpline numbers are: Number: 0300 200 3300, Text Relay: 18001 0300 200 3300, Overseas: +44 1355359022 (Open Monday to Friday 8am to 6pm. Closed on weekends and bank holidays).
Thank you -
RE: Transfer a single previous year's Cash ISA to more than 1 new Cash ISA in the current year?
Hi
You can only have one new cash ISA per year. If you have two or more, you will need to decide which to close, to bring yu back to one.
You can transfer from an older ISA to a new ISA this year. The maximum is still £20000.00.
If you have a previous years tax ISA and open a new cash ISA in this tax year, you can place a maximum of £20000.00 in the new cash ISA and still retain the amount in the old cash ISA.
Have a look at the guidance at Individual Savings Accounts (ISAs)
and consider speaking to your ISA provider, who should have a more indepth knowledge.
Thank you -
RE: Prepayment for 22/23 not shoeing when completing self assessment
Hi
The calculation does not take into account any payments made by you and this will be reflected on your self assessment statement.
Once the return is submitted and the system updates, your statement will show the new balancing payment, if any, to be paid.
Thank you -
RE: Simple Assessment calculation - paid but total may be wrong
Hi
All queries need to be made within 60 days of the issue date of your PA302. As your Query is now late, we cannot deal with this over the phone.
You will need to put your query in writing to HMRC providing your reasons why your Query is late, and also the reasons you disagree with the calculation.
We will consider your claim and let you know in writing if your query has been accepted or not and any next steps to follow.
Please include your National Insurance number on the first page of your letter and send it to
Pay As You Earn and Self Assessment,
HM Revenue and Customs,
BX9 1AS,
United Kingdom.
Thank you -
RE: International student receiving disability payments from foreign private policy
Hi
Please refer to IPTM6110 - Sickness disability and unemployment insurance: tax treatment: main rules: scope of the exemption: ITTOIA05/S735 to see if your policy meets the tax free conditions.
Thank you
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RE: Unclaimed 20% tax credit question
Hi
You will need to submit a claim for overpayment relief. The earliest year that can now be reviewed is 2019/20.
Once you have done this and the returns reviewed, if there is any unused residential relief at that point, you can then include it on future returns.
Thank you -
RE: When to expect tax refund
Hi Chen Lee
You would need to contact HMRC direct to access you record to review. Contact HMRC
Thank you