HMRC Admin 5 Response

Hi veron Megson,

You will need to keep trying to contact our helpline or write to us to discuss this further

Income Tax: general enquiries

Thank you

Hi Ahmed younis

The transfer of money to another individual's account has no income tax implications.

However, any loan interest paid to a private lender would be regarded as taxable income. You can find guidance here-

SAIM2440 - Interest: taxation of interest: when interest arises

Thank you.

Hi,

You can pay into two ISAs in the same tax year provided they are different types of ISA.

It would be fine to pay into both a cash ISA and a Stocks & Shares ISA in one tax year as long as you’re below the £20,000 limit.

You would not be able to pay into two different ISAs of the same type.  You should contact the second provider and advise them of the situation.  

They will most likely, refund the payments into the ISA and close or void the ISA.  More guidance can be found here Individual Savings Accounts (ISAs)

Thank you.

Hi,

There has been a change in process regarding requesting replacements and if we are sending them to a nominated person, we require you to request this in writing.

Thank you.

Hi colleigh,

It would be the total of any income reported by your employer plus any employment benefits. If you believe you will not have an adjusted net income over £100,000 for 23/24 then you can apply.

Guidance can be found here: Personal Allowances: adjusted net income

Thank you.

Hi,

As you have been separated for more than 3 years, documentary evidence will need to be supplied on the assets that have been transferred as part of the court order to ascertain the no gain no loss applies under the new rules

Thank you.

Hi,

I apologise if the code has reverted, as we should have checked the tax code for 23/24 at the same time as it would have already been generated.

You will need to contact us again to get the code updated - Income Tax: general enquiries

Thank you.