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Any foreign currency exchange rates that I can follow when convert from foreign income
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RE: How to calculate the CGT if selling a oversea property
Hi, How to refer the exchange rate from foreign currency to GBP, the exchange rate of the trading day or there is other exchange rate for references. -
No feedback on UTR after create the Government Gateway account
Hi, My wife and I create the Government Gateway account separately in mid of July 2024, but so far I still waiting the UTR from HMRC. I have make a call to HMRC hotline via phone early September, and the reply from HMRC is to wait for the reply. I will not in UK for three to four months after November and I am afraid it will affect our Self Assessment Tax Return process. Is there any feasible way for me to complete the Self Assessment Tax Return and without the UTR number. Thank you. -
Deduction for fees from CGT of disposal of an oversea property
I have an oversea property and would like to sell this year. If I disposal the property and it incurred some kind of government stamp duty in oversea and commission for the sole agent, and all these expenditure are solely for the purposes of the disposal. Can I allocate these cost as the expenditure and deduct from CGT when report to HMRC, or make a claim relief afterward ? -
How to calculate the CGT if selling a oversea property
As far as I understand the CGT is the differences amount between the buying price and selling price, is it as simple as to calculate the CGT by difference between prices in foreign currency and convert it to GBP. Also, will there be any time limit required by HMRC for report the selling or it is also acceptable to report it within the taxation period? -
Adult child need to pay tax if acquire money from parents for studying
I have a child already over 30s, for some reason he still need to enhance his knowledge on some higher education topic. I funding him around 10000 GPB for the study. Does this amount count as part of his income tax?