HMRC Admin 34 Response
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RE: Higher income child benefit repayment
Hi,
On the tailor your tax return section online you would answer yes to the question - Did you make contributions towards a personal pension or retirement annuity? This will open the section to declare the pension contribution made to receive the tax relief.
Thank you -
RE: SIPP Tax Relief
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RE: Carried forward CGT losses
Hi,
With capital gains, it is possible to skip a year. With self employment profits the loss is set against the next available profit as advised by BIM85060:
BIM85060 - Trade losses - types of relief: carry forward of losses
Thank you -
RE: If I'm selling my principle address do I need to pay capitol gains tax
Hi,
You may need to pay Stamp Duty. Please contact the Stamp Duty team for guidance:
Stamp Duty Land Tax
Thank you -
RE: US Withholding tax on USD UK Interest - Self Assessment
Hi,
If witholding tax is deducted from the interest, you declare the gross interest and claim a credit for the tax deducted in your self assessent tax return.
Thank you -
RE: QROPS and former-QROPS - accessing pension
Hi,
Please refer to the guidance using the link below:
PTM110000 - International: contents
Thank you -
RE: Letting Agent Asking Contractor to add 10% Fee to his Invoice and then they take it off again.
Hi,
This is not a subject that HMRC can advise on. This is between you and the agent.
Thank you -
RE: Reporting dividend income
Hi,
Yes, you will still need to declare the dividend income details. You can contact HMRC to do this at:
Income Tax: general enquiries
Thank you -
RE: CGT, Split-year treatment and moving abroad
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RE: Transferring capital in a Bare Trust to beneficiary
Hi,
That is a personal choice on how the funds are transferred.
Thank you