HMRC Admin 5 Response

Hi sbradford51

It depends on the type - please refer to CG15800 - Losses: allowable losses

Thank you

Hi storerp

You would need to check with the IHT offce to confirm. they can be contacted on 0300 123 1072.

Thank you

Hi

We can reissue your cheque to your UK forwarding address. To allow us to do his, contact us by webchat or phone via Contact HMRC .
Further guidance on tax relief on your pension is also at Tax on your private pension contributions.
For details on how to claim this in your tax return, look at How to complete your tax return for Self Assessment (there are no box numbers on the online version so you are looking at section 4 for pension relief)

Thank you

Hi Jdjplee2002

You can claim expenses for anyallowable costs in the tax return to reduce the profit that you declare in the UK.
This will therefore be less than that declared to Spain and will therefore affect the amount of foreign tax credit that you can claim.

Thanks

 

Hi Rufus99

Any costs claimed against capital gains must meet the definitions at  CG15150P onwards, in particular
CG15180 - Expenditure: enhancement expenditure - HMRC internal manual - GOV.UK (www.gov.uk)
for the type of costs being described.
If the fees were purely the owners contribution to general maintenance/upkeep of the building/property then would not qualify as enhancement expenditure for capital gains purposes.
It would usually have been allowable as a revenue cost against any rental income. General maintenance costs are not allowable costs against capital gains.
If any part of the fees were for improvements such as upgrading parts or the building to a higher standard or adding things that were not there before then this element may be allowable against any capital gain.
Please see the attached link CG15180.

Thank you

Hi

You may be able to ask your bank to confirm any repayments made to your account by HMRC.
Alternatively, contact out online services by webchat or phone via Technical support with HMRC online services for general advice on how to proceed.

Thank you

Hi

Yes you need to fill in this box to offset the loss against future profits and you do enter this year's loss plus the losses from the previous three years.

Thanks