HMRC Admin 5 Response

Hi 

No.  Only the beneficial owner of the property, in the case, the spouse, is liable to capital gains tax on the disposal of the second property.  
What the beneficial owner does with the proceeds of the disposal, after capital gains tax is paid, is not a factor in calculating the capital gains on the disposal.

Thank you

Hi 

1 - Yes.  As an employee of a company, you can choose to set up as a sole trader (self employed).  
2 - If your gross turnover exceeds £1000 in a tax year, then you need to register as self employed and submit a self assessment tax return.  You can do this at Set up as self-employed (a 'sole trader'): step by step
3 - See 2
4 - Both your employment and self employment are separate.  It is only when you complete your self assessment tax return, where you declare all of your 'world-wide income', that they are brought together by HMRC, to calculate how much tax and national insurance you owe.

Thank you

Hi

Please have a look at the guidance at CG15250 - Expenditure: incidental costs of acquisition and disposal.  
It provides a list of allowable costs, which includes stamp duty or stamp duty land tax.

Thank you

Hi

As you are already registered for self assessment, as self employer; all you would need to do is keep a separate business account for your new sole trade, to account for your profits and expenses etc from that trade.  
When it comes time for your to submit your tax return, you would submit two SA103 supplementary pages or two online self employment sections.  
Self assessment will combine your gross profits, expenses etc and calculate the tax and NIC chargeable on the profits of both businesses.

Thank you

Hi

If you are employed, but also do self-employed work, your employer will deduct your Class 1 National Insurance from your wages.  
You may also have to pay Class 4 National Insurance for your self-employed work.  How much you pay depends on your combined wages and your self-employed work.  
HMRC will let you know how much National Insurance is due after you’ve filed your Self Assessment tax return.

Thank you

Hi 

No.  The pension savings tax charge, would be added to your taxliability after you have calculated your relevant net earnings and the tax calculated on this first.  
The pension savings tax charge would then be added as an amount of tax, calculated from your highest rate of tax.

Thank you

Hi BenCch

There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends and no limit on how much you can bring to the UK.
These would then potentially be subject to tax. Further guidance can be found here (Tax on savings interest and Tax on dividends).  

Thank you
"

Hi

If you are required to complete a tax return, you would declare the payments on page TR4 of the tax return (SA100) or the online equivalent.  
If you do not need to complete a tax return, you would claim tax relief in writing, providing supporting evidence from the pension provider.

Thank you

Hi 

If not yet issued then the repayment will  have been selected for security checks .
To check on the progress you will need to contact HMRC to review Self Assessment: general enquiries

Thank you

Hi

If you pay tax at the basic rate of 20% then on the deduction in your tax code 345 we will collect tax at 20% which will be the £69 underpaid. 

Thank you