Hannah Grinnall
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Registering a Non-UK resident for Self Assessment - SA1 does not allow non-UK addresses
I am an agent trying to register a client for SA who now lives in Dubai. We are completing the SA1 on their behalf. However 'postcode' is a mandatory field on the SA1 form. As the non-resident address does not have a postcode, how can I complete this form online? It seems that most forms for non-residents are either behind a government gateway that they can't create, are set up for UK addresses, which they do not have or have to be completed on paper and posted which therefore results in severe delays. Please advise if I am missing something here. Thank you -
Is compensation for loss of investment growth taxable?
A client's investment company accidentally sold some of their investments in the tax year and are compensating the client for the Capital Gains Tax that will be due and for the amount of investment growth that would have happened had they not sold the investments. Is the reimbursement of the Capital Gains Tax the client must pay a taxable receipt, if so, how? Is the reimbursement of the investment growth lost a taxable receipt, if so, how?