HMRC Admin 5 Response

Hi 

HMRC cannot comment on future events as legislation and/or plans may change. However, based on current guidance any gains doesn't affect the high income child benefit charge.
For the carers allowance, you would need to check with the DWP . Capital gains is classed as income.

Thank you

Hi Keith

Please have a look at Understanding your pay  As this is not a tax question, we are unable to answer it.

Thank you

Hi

HMRC do not issue an acknowledgement. Once the return has been processed you will be issued with a letter to confirm the charge due and a payment reference.
You then have 14 days to make the payment. As long as the paper return was sent before the 60 day deadline and payment is made within the date on the letter (once received) no charges will be applied.

Thank you

Hi

You should check with the ISA providers, whether they would accept you opening a new junior ISA, if you closed the unused original.  
Please also have a look at Junior ISAs for ISA managers

Thank you

Hi andrewd8323

No.  Claiming personal pension relief will increase the income taxable at 20% and reduce your income taxable at your highest rate by the same amount.  
This could have the effect of restoring personal allowances or a proportion of them.

Thank you
 

Hi

All profits or gains from an ISA are tax free and do not need to be declared.

Thanks

Hi

Capital gains tax is paid on gains arising from the disposal of asset(s) for more that they were acquired for, after costs are taken into consideration.  
Private residence relief can be used to offset the chargeable capital gains where the property was your main residence.  Please have a look at the guidance on stamp duty at Stamp Duty Land Tax, as it may still be payable, evenif you only have one property.

Thank you

Hi 

If you gift the property someone other than your spouse or civil partner, you may be subject to capital gains tax on the disposal.  Whether you can still use the property is not a tax  matter.  It is up to the properties owners.

Thank you