HMRC Admin 5 Response

Hi

Please have a look at helpsheet HS320 (HS320 Gains on UK life insurance policies (2023))
for advice that personal representatives/executors need to take, as well as beneficial owners of the rights under the policy. 
The estate or the beneficiaries may need to submit a tax return to declare the gain if the gain was over £10000.00.

Thank you

Hi

If the property that was disposed of was part of the estate of the deceased, the estate will need to calculate whether there is any capital gains tax to pay.  
If there is, the estate will need to pay it.  If the property was bequeathed to beneficiaries of a will, such as the deceased's children, then on the death of the deceased, the property became an asset of the beneficiaries.  
When the property is disposed of, the each of the beneficiaries will need to work out if they had a capital gain liability arising from their share of the disposal.  
In either case, any capital gains tax payable will need to be reported and paid withing 60 days of the completion date.  
Please have a look at Tax when you sell property
There is a calculator that should help work out if there is a gain, as well as gudiance on reporting and paying any capital gains tax due.

Thank you

Hi Paul from Aus

Please have a look at Voluntary National Insurance and National Insurance: detailed information
Please contact the NIC help line at 0300 200 3500 and from overseas at +44 19 1225 4811.  
They cannot advises whether you should pay the shorfall, but should be able to give you the information you require to reach a decision.

Thank you

Hi

HMRC cannot advise you on another countries tax position and you will need to contact the tax authorites in France.

Thank you

Hi 

You would show them as separate sources on your tax return and declare the income and expenses that are relevant to each source.
For details on what you can claim, please refer to Expenses if you're self-employed

Thank you

Hi 

No you do not need to report this.

Thank you

Hi Kris Greda

For residential UK property, you need to report and pay within 60 days of completion.
For other gains you can use the real time to report any time. see guidance at Report and pay your Capital Gains Tax

Thank you

Hi

You will include the freelance income as self employment income

Thank you

Hi

No you dont need to register at this time.

Thank you

Hi

The calculation of your tax code is based on a number of factors, including your wage and any underpayment amounts owed.
For specific advice, contact us by webchat or phone via Income Tax: general enquiries

Thank you