BellaBoo

Hi I'm not a HMRC Admin but are you sure you weren't self employed and it was CIS being deducted? That would certainly explain why there is no NIC record at least.

Hi, I'm not HMRC Admin but I think the Admin must have misunderstood your question as the box they have told you to claim it in relates to the finance costs of buying commercial buildings. The guidance notes for sa105 say: 'Box 26 Non-residential property finance costs Non-residential property You can claim the costs of getting a loan, or alternative finance to buy a non-residential property that you let, and the full amount of any interest on such a loan or alternative finance payments.'

Hi not a HMRC Admin, but that sort code you've given isn't a valid sort code. As far as I'm aware, HMRC sort code for direct taxes (like income tax, corporation tax etc) is 08-32-10. For indirect taxes (VAT etc) it is 08-32-00. For child benefit it is 08-32-30. 08-32-20 for National Insurance. So they all start 08-32 to my knowledge and if you check any of them on a sort code checker, they are all identified as "Government Banking" (for normal non-government accounts it will only tell you the bank name & branch). I'd maybe still check with HMRC directly to ensure details havent been mistyped (plus it is not a very good scam if the bank details aren't valid as how would they receive payment) but I'm 100% confident the bank details you've provided aren't valid HMRC details.

Hi, I'm not a HMRC Admin but if you read the page the admin linked you'll see only income from FHLs can qualify (currently, not sure if that will change with the planned scrapping of the FHL scheme). This is because income from an FHL counts as trading income and trading income is earned income. Any other rental income does not qualify as it is income from letting property rather than a trade and income from property isn't earned income (so cannot be relevant earnings for the purpose of pension relief).

Hi, not a HMRC Admin but ESC D21 only applies to notices (nominating a residence) given prior to 6th April 2020 so could not apply here.

Hi, I'm not HMRC Admin but there are no yearly limits for NI unless you are paid annually or a director of your own company. If you are paid monthly then it is the monthly limit you need to look at. If paid weekly then the weekly limit, and so on. I believe your pay is over the weekly/monthly limit but you are trying to apply the annual limit to it so it is causing you to think you've overpaid.

Hi, I'm not a HMRC Admin but you wouldn't be able to deduct mortgage interest from Ltd company profits (because as you say, the mortgage is not an expense incurred by the company). You'd likely also need the lenders consent to transfer your interest in the property to the company. I would be surprised if they would agree to it. Plus law has rules around identity of parties to a contract which mean any agency you claimed to be acting under would need to be disclosed to the mortgage company at the time of purchase else youd be acting as principle rather than agent.

Hi, I'm not a HMRC Admin and I can't read your most recent post yet but form 17/unequal sharing of interest in property can only ever apply if it is held as tenants in common. The law presumes property is held equally (50% each) by spouses where it is jointly held (as joint tenants or tenants in common). However the law allows spouses to be taxed on their actual share rather than the presumed 50% each basis. This is why it only applies to tenants in common, because if it was owned as joint tenants their actual share would be the same as the presumed share (50% each) so they can only be taxed on that basis. It is only where it is held as tenants in common can it differ from the presumed 50% each.

Hi, As a married couple you cannot transfer a right to income without it being classed as a settlement and remaining taxable on the person who made the settlement (you in this instance). You would need to transfer the beneficial ownership in the capital (not only the income) for it to be effective. https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem9923

Hi, not a HMRC Admin but wanted to add while it is taxable on receipt, if the rents are collected by a letting agent then you will be taxable on the payment when the agent receives it (not when the agent pays it to you). This is because as your agent they are acting on your behalf and are receiving payment on your behalf. https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim1094