HMRC Admin 34 Response
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RE: £30k Redundancy Tax Free Allowance
Hi,
You would not include the tax free portion to calculate the adjusted net income.
Personal Allowances: adjusted net income
Thank you -
RE: Carrying forward CGT loss
Hi Reset,
You do not need to keep recording the carried forward loss. Just keep a note of the tax return the loss was claimed on.
Thank you -
RE: HICBC High Income Child Benefit Charge charge and self assessment help
Hi,
Sorry, we cannot advise about individual cases on this forum.
For guidance please contact the Child Benefit Office:
Child Benefit: general enquiries
Guidance about contesting a tax decision is available at:
Disagree with a tax decision or penalty
Thank you -
RE: Tax on gifts of cash from overseas
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: HICBC High Income Child Benefit Charge charge and self assessment help
Hi,
We cannot view your personal records on the forum. Please contact our team for advice on your query:
Self Assessment: general enquiries
Thank you. -
RE: Transferring large amount of money from USA to UK
Hi,
Hi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you -
RE: CGT on Remortgaged Property
Hi,
If you are UK resident, it is based on the original purchase price. You can deduct the costs for any capital improvements as well as selling costs to work out any gain due. Please refer to guidance using the links below:
CG15180 - Expenditure: enhancement expenditure
CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you -
RE: Capital Gains Tax and employee share schemes - Stocks held in the USA
Hi,
It depends on the type of share scheme and how long they were held. Please refer to guidance at:
Tax and Employee Share Schemes
Thank you -
RE: Capital Gains Relating to Divorce
Hi,
Please refer to guidance at:
HS281 Capital Gains Tax civil partners and spouses (2024)
Thank you -
RE: Portfolio Bond Legal and General