HMRC Admin 5
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RE: Tax owed hanging self assessment payment option is it possible
Hi
Yes you can. You will need to notify HMRC though so that it is removed from your code.
Thank you -
RE: Capital gains tax and divorce
Hi
HMRC cannot comment on future events as legislation may change.
Thank you -
RE: Claiming EIS Loss Relief via Online Self Assessment
Hi
Yes, you can claim this. You would note it as a disposal with no funds received and claim the election of negligable value claim.
Thank you -
RE: Transferring money between civil partners (Scotland)
Hi
As this is a cash gift, there are no tax implications on the capital and only any interest or dividends then generated will be taxable income.
Thank you -
RE: Lifetime ISA - "First home" question
Hi
If you inherit a residential property, you are no longer classed as a first-time buyer, even if you never live in the property or only inherit a tiny share.
In order to qualify as a first-time buyer you cannot own, or have owned, a dwelling, regardless of how it came into your ownership.
Thank you -
RE: Non-resident Capital Gains Tax on residential property disposal
Hi
You both need to report any gain individually and for 23/24, you are both due an annual exemption of £6000. Details on how to report/pay are at Tell HMRC about Capital Gains Tax on UK property or land if you’re not a UK resident
Thank you -
RE: Pension contributions
Hi Isabel Ellis
You will take the figure from your P60 as this shows the taxable amount. the jury service income should be declared as other income.
Thank you -
RE: Underpaid tax included in PAYE coding
Hi cross_entropy
On your personal tax account on the PAYE tab there will be a link to view your tax code.
If you are unable to view your tax code online you can contact HMRC and we can check the entries for you Self Assessment: general enquiries
Thank you -
RE: SIPP, Lump Sum & QROPS
Hi bolo
The same answer applies to this question.
Thank you -
RE: Property in trust with no income