HMRC Admin 5 Response
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RE: No record of SA return submitted in account
Hi
If still not showing on your online account you will need to contact HMRC to review.
You can contact HMRC at Self Assessment: general enquiries
Thank you -
RE: CGT on inherited property - tenants in common
Hi
For the any capital gain, you will be looking at the value of your fathers share in 2019 and the value at the date of your mothers death in 2022.
This will then be your 'purchase' price. The value the property is sold at is your disposal and any difference is your gain.
For grant of probate, it is only your mother's share that counts.
Thank you -
RE: Tax on interest with pay rise / tax band change within the tax year
Hi
This wil be reviewed after the 5/4/24 to see what your level of income actually is.
If you are a higher rate taxpayer, the savings allowance will reduce to £500 and any interest above this will then be liable to 40%
Thank you -
RE: HMRC miscalculation on self-assessment income tax owed
Hi
As your income is over £100,000 you are not due full personal allowances. See guidance at Income Tax rates and Personal Allowances
Thank you -
RE: HMRC online access for Non-Residents
Hi Stuart Aberdein
This forum is for general guidance only and we cannot comment on legislation.
Thank you -
RE: Trying to understand calculation of underpaid tax from previous tax years as PAYE
Hi
If you opted to pay your 20/21 balancing amount in your 22/23 code, this amount needs to be included in your 22/23 tax calculation.
This ensures the deduction that was made to your 22/23 tax free allowances to collect the balancing payment through your wage is also reflected in your 22/23 calcualtion.
If the 20/21 balancing payment deduction in your 22/23 code is NOT included in your 22/23 calculation, you will be incorrectly refunded the 20/21 balancing amount you repaid through your wage, as the corresponding deduction in you 22/23 tax-free allowances will not be represented.
Thank you -
RE: Trust Registration Service - Death of all trustees
Hi
You need to confirm this with the Trust Office as this forum is for personal tax only.
Thank you -
RE: Working holiday visa tax
Hi
You will need to register for self assessment and declare the rental income. as jointly owned, you both need to declare 50/50 of income and expenses.
Please see guidance at Tax on your UK income if you live abroad
Thank you -
RE: Allowable costs for CGT calculation on share sales
Hi
CG15160 advises that allowable expenditure is restricted to incidental costs of acquisition and disposal, amongst others (CG15160 - Expenditure: categories of allowable expenditure).
The panel of takeovers and mergers levy would fall under this category.hs285 2023.
Thank you -
RE: Proof of identity
Hi
I'm sorry for any inconvenience caused in requesting an online return submission.
Contact us by webchat via Self Assessment: general enquiries
and we can issue a paper return, or give you more advice and support in accessing and completing your online return.
Thank you