HMRC Admin 34 Response
-
RE: Gifting money from parent with dementia
Hi,
We are unable to answer this question, as it is not a tax matter. You may need to seek legal advice for an answer.
Thank you -
RE: Can I choose not to add shares to an existing section 104 holding?
Hi,
If all of the shares in the S104 holding were vested, then a new S104 holding is required.
Thank you -
RE: Tax return of non-reporting offshore cryptocurrency related ETF distribution
Hi,
Equities are tax under dividend tax and capital gains tax. Bonds are taxable under income tax and capital gains tax and commodities are only taxable as capital gains tax. Income from crypto currency would be taxable in the same was as bonds and charged to tax as income.
Check if you need to pay tax when you receive cryptoassets
Thank you -
RE: if apply split year on 2024-2025 tax year, ISA contribution allowance still have 20000?
Hi,
It is not reduced. It remains £20,000.
Thank you -
RE: Question about the Personal Savings Allowance
Hi,
No, you will received the full £1000 savings allowance for the current 2024/25 tax year:
Tax on savings interest
Thank you -
RE: Do I included Capital Gains when determining PSA etc?
Hi,
Capital gains is a separate tax to income tax and should not be included when working your your net adjusted income. Please have a look at the guidance at:
Personal Allowances: adjusted net income
Thank you -
RE: Transferring personal money to UK bank before residing in the UK
Hi,
For guidance please use the links below:
Tax on savings interest
Check if you need to send a Self Assessment tax return
Thank you -
RE: Asking self-assessment tax reurn
Hi,
Please refer to the link below:
Check if you need to send a Self Assessment tax return
Thank you -
RE: Reporting capital gains against previously reported losses
Hi,
Yes. You need to show that you are using the losses to reduce the taxable gain.
Thank you -
RE: Online and Paper Self assessment filing
Hi,
If the paper tax return has been logged as received then your wife will not be able to file online. The paper tax return will be processed by HMRC and once processed a calculation will be issued to your wife.
Thank you