HMRC Admin 5 Response

Hi Boris

Yes that is correct.

Thanks

Hi Matt MacGuire

The applicable amount represents 25% of the capital value of the benefits coming into payment under the relevant arrangements under the scheme generating the lump sum payment,
but ignoring any disqualifying pension credit held. See guidance at PTM063230 - Member benefits: lump sums: Pension commencement lump sum (PCLS): general limits information

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Hi

Please refer to guidance at Marriage Allowance

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Hi Michael

Yes, that is correct.

Thanks

Hi Ifco

Yes that is correct.

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Hi 

Dividends are liable to income tax when you are still receiving the benefits from them.
Once you then sell, that is when capital gains tax may apply - Shares and Capital Gains Tax (Self Assessment helpsheet HS284)

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Hi

Please refer to guidance at Seafarers Earnings Deduction: tax relief if you work on a ship

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Hi eddyglowe

Guidance here confirms that the notional distribution will be treated as allowable expenditure where it is subject to Income Tax in the hands of the unit holder:
CG57707 - Unit trusts: accumulation units.
In terms of when dividends are liable, this is based on guidance here and they are payable for the amount or value of the dividends paid in the tax year.
If your dividends are paid in 24-25 then this is the year they are reportable. You cannot allocate payments and expenses to a preferred year.  You can find out more here
SAIM5020 - Dividends and other company distributions: the charge to tax on UK dividends etc..
Should you wish to discuss the specifics of your case then please do not hesitate to contact us direct. 
 
Thank you

      

Hi 

Not for you unless the house then starts to generate any income by way of rental or selling. Your dad however should check with the Spanish tax authorities.

Thank you

Hi 

You cannot claim personal therapy as a business expense if you are a sole trader.
This is because it fails to meet the test of being 'Wholly and Exclusively' for their business as it is for their Personal use.  
BIM37007 - Wholly and exclusively: overview
sets out the definition of 'wholly and exclusively' which might give a better insight as to why it's not allowable. 

Thank you