HMRC Admin 2

Hi,

We are unable to provide legal advice on how to transfer the property into your wife's name.

Please see the attached link regarding Land Registry:

Registering land or property with HM Land Registry

For tax purposes if you transfer the beneficial ownership to your wife you will need to supply a form 17 and Declaration of Trust to HMRC:

TSEM9800

You have not indicated where you live or what nationality your wife is. You may need to check that she will be entitled to personal allowances against the income:

Digest of Double Taxation Treaties April 2018

Thank you.

Hi,

Sorry, we can only answer HMRC questions on this forum.

Thank you.

Hi,

Sorry, we can only answer HMRC questions on this forum.

Please contact the DWP for advice:

Apply for a National Insurance number

Thank you.

Hi,

You can find guidance on GOV.UK here:

Stay in the UK ('settled status'): step by step

Thank you.

Hi,

Please contact our Online Services Helpdesk to see if they can recover your original User ID:

Technical support with HMRC online services

Thank you.

Hi,

Your dividend income is taxable and may affect your Personal Allowance if your total taxable income is over £100000, see link below:

Personal Allowances: adjusted net income

Thank you.

Hi,

We cannot answer question on employment law on this forum.  

As a UK resident you will report this employment or self-employment income on your Self Assessent tax return, you can check your status below:

Employment status

Thank you.

Hi,

Yes, you need to send the original or certified copy of the power of attorney to:

Pay As You Earn and Self Assessment
HM Revenue and Customs
BX9 1AS
United Kingdom

Thank you.

Hi,

This is traditional accounting.

For cash basis see:

Cash basis

Thank you.

Hi,

a) If you use the cash basis form of accounting you can only carry forward the loss to set against the future years profit, but if using traditional accounting you can carry back the loss. See HS227 for full details:

HS227 Losses (2020)

b) The personal allowance is only for the tax year involved, it cannot be used in any other year.

c) If you have put your bank details on your return any credit in your statement will be paid to this.

d) If you carry the loss forward it will reduce your 20/21 profit by the amount of the loss carried forward and reduce any tax due.

Thank you.