jmartin2938 martin
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RE: Ceasing being an accidental landlord, trailing costs before sale.
Based on HMRC rules, the expenses you incurred after your tenant left are generally not deductible. Since the property was not available for rent during this time, these expenses cannot be used to reduce your rental income or personal tax liability. -
RE: Homeworking expenses and benefits
You (employee) can likely claim the £6 weekly allowance as a benefit. Friend (company owner) can't claim the allowance for themself due to house ownership. HMRC on Homeworking expenses and benefits that are exempt from tax: https://www.gov.uk/tax-relief-for-employees/working-at-home Claim tax relief for your job expenses: Working from home: https://www.gov.uk/tax-relief-for-employees/working-at-home -
RE: Urgent Assistance Required for Correcting VAT Registration Details
hi i have good luck with this email vrs.newregistrations@hmrc.go.uk also others emails here: https://www.gov.uk/government/organisations/hm-revenue-customs/contact/vat-registration-applications-exceptions-and-changes -
RE: Private Residence Relief
Based on the info provided, you likely qualify for 100% Private Residence Relief (PRR) on your home sale, meaning no Capital Gains Tax (CGT) to pay. -
Crypto Casinos Winnings Tax Question
Hi On 15/05/2024, I won 89000 USDT (£70.000) from a crypto casino called TG Casino. This is a legal and licensed Crypto Gambling site, I think. I won this by depositing £2500 to purchase 3194 USDT. I have already paid taxes on the £2500 I originally received as salary in the UK from my employee. Would I still have to pay tax on this, and how do I report this money I just made to HM Revenue & customs? I am aware that the UK does not have a tax on winnings from gambling, and there doesn't seem to be any guidance for crypto gambling. Please let me know how to proceed....
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