HMRC Admin 5 Response
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RE: Capital Losses_Report them by Email
Hi 22
That is for compliance activity where you have been selected for review.
For general notifications, email is not available and you will need to provide the information in writing by post.
Thank you -
RE: Online CFD trade
Hi
Please refer to guidance at CRYPTO22000 - Cryptoassets for individuals: Capital Gains Tax
Thank you -
RE: Capital gains tax relief. Taxes paid in Spain
Hi
As we don't know what entries you made in the foreign pages of your tax return, we are unable to advise why your attempt to claim Foreign Tax Credit Relief was unsuccessful.
Please call HMRC and ask to speak to a taxes technician, who should be able to resolve the problem. Contact details can be found here
Contact HMRC
Thank you -
RE: CGT
Hi Emil and Ewa Kowalski
Private residence relief will cover the property acquired in 1980, as it is your principle private residence.
Only once you have disposed of this property can you claim that the other property is your principle private residence from that date.
If you late dispose of the property acquired in 1990, then you may have capital gains tax arising on gains from 1990 to the date it became your principle private residence.
Please see HS283 Private Residence Relief (2024) Updated 6 April 2024
Thank you -
RE: CGT
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RE: US/UK dual taxation on capital gains on sale of property.
Hi
Article 13 of the tax treaty (Uk/USA Double Taxation Agreement - 2002) gives the country in which the property is located the first rights to tax any gains.
As you property is in the UK and is covered by private residence relief, as your main residence for the period of ownership, no UK tax is payable.
The UK/USA treaty also give the USA the right to tax any residential property gains as well, using their process for calculating the gain.
As no capital gains tax is payable in the UK, there is no foreign tax credit to set against any gain arising in the USA.
If you rent out your UK property, then private residence relief would not cover this period and a capital gain may arise on the disposal.
We cannot comment on that capital gains tax regulations applied in the USA.
Thank you -
RE: NATO Salary
Hi richardmel1
Locally engaged staff' would be staff who are not 'civilian staff personnel with a permanent administrative assignment’.
This may be for example office cleaners, service providers/contactors, building maintenance staff.
Thank you -
RE: Registration of self-assessment: self-employed and others
Hi
You will choose choice 1 - this will ensure that you are registered to pay Class 2 National Insurance on your employment income.
You will still be able to enter any foreign income received when you complete your return.
Thank you -
RE: Cannot register for Self Assessment
Hi
I am sorry that you are having issues registering for Self Assessment.
If you are unable to file online you can downaload the registration form online and submit by post.
If self employed the form will be CWF1 Register for Self Assessment if you’re self-employed.
If not self employed the form will be SA1 Register for Self Assessment if you're not self-employed.
You can also contact HMRC to review/update Self Assessment: general enquiries
Thank you -
RE: Inheritance Tax or Capital Gains Tax on boat sold over probate value
Hi
If classed as a wasting asset under CG76909 - Wasting assets: yachts, ships and other vessels then no gain arises.
Thank you