HMRC Admin 5 Response
-
RE: Can a pensioner pay into a sipp
Hi
Yes, £2880 is the maximum you can pay in as a pension does not count as earnings for this purpose.
Please refer to Earnings that attract tax relief for what is classed as earnings.
Thank you -
RE: CGT on Transfer of Joint Ownership of a Property
Hi
There is no tax to pay as this is seen as a gift between spouses - Capital Gains Tax: what you pay it on, rates and allowances
Thank you -
RE: CGT
Hi
If you lived in it for the whole time you owned it, then no.
Thank you -
RE: UK Capital Gains Tax to pay on house sold in France
Hi
Please refer to guidance at Report and pay your Capital Gains Taxand associated links - this tells you how to claim the French tax paid.
Thank you -
RE: I didn't receive the tax refund cheque
Hi LEMZ7777 Edwards I am sorry there has been a delay in the repayment being issued. To review this you will need to contact HMRC Self Assessment: general enquiries Thank you
-
RE: Crypto Tax
Hi terari sentrau
Please see our previous answer. The same guidance applies.
Thank you -
RE: Pension Pot
Hi chris ford
Tax relief on pension contributions is only available in the tax year that the payment has actually been made.
If you are carrying forward unused relief in respect of the annual allowance, this is in order to reduce any potential pension tax charge.
As such based on that the £4k referred to would only be due tax relief if you made contributions of that amount.
Thank you -
RE: ending partnership but continue as a sole trader
Hi
For it to be a partnership there needs to be more than 1 person in the business. As there is only you, the income should be declared as a sole trader.
If already registered for a partnership UTR, you will now need to file a nil return for 23/24 and show that it never traded.
Thank you -
RE: Reporting Traditional IRA to Roth IRA conversion
Hi sjayawant
HMRC cannot comment on future events as legislation and/or plans may change.
Thank you -
RE: Self Assessment and Gift Aid on Goods Sold in Charity Shops
Hi
The charity is making sure you have paid enough tax for them to claim the gift aid to receive extra funds.
If not, then you need to pay the tax that they have claimed the gift aid on. see guidance at Tax relief when you donate to a charity
Thank you