HMRC Admin 32
-
RE: Report on Capital Loss for future use
Hi,
Gains and losses should be reported as in year losses will be used first even if it means you lose out on the anual exempt amount. further guidance on completing the page is at
Capital Gains Summary notes
This will be updated after 06 April 2024 to reflect the 2023 to 2024 tax year.
Thank you. -
RE: Tax status of BNO Visa Holder
Hi,
HMRC cannot comment on future events as legislation and/or plans may change. The position on your residence is also for you to determine based on the guidance available, please refer to below for current guidance.
RDRM12000 - Residence: The SRT: Split year treatment
Thank you. -
RE: Deeply Discounted Securities Income Gains
Hi,
If you invest in deeply discounted securities, put the difference between what you paid for the bond and what you redeem or sell it for in box 3 of SA101 (page Ai1).
Thank you. -
RE: Capital Gains Tax- transferring shares to an isa
Hi,
This cannot be confirmed on the forum, you will need to write in with the details.
HMRC, PAYE & Self Assessment
BX9 1AS
Thank you. -
RE: Cannot verify my identity - what can I do?
Hi,
Sorry, we can only answer HMRC questions on this forum.
Thank you. -
RE: noreply@confirmation.tax.service.gov.uk
Hi,
The email was not sent using the new format of HMRC domains. It may be genuine but has not yet been migrated to the new format, and should be treated as suspicious.
Please forward the suspicious email to the HMRC Online Security Team for investigation at phishing@hmrc.gov.uk
We will act upon all HMRC related phishing emails and remove fraudulent websites. Please delete the suspicious email and do not open any attachments, in particular 'Zip files' - these may contain a virus or malware.
If you have opened the email, you should run any antivirus software as a precaution if you have opened an attachment.
Thank you. -
RE: UK tax on lump sum withdrawals from Malaysia EPF
Hi,
If the employee provident fund in Malaysia is taxable in Malasia, then for UK residents in receipt of this fund, are taxable on it only in the UK. Article 19(1)
UK/malaysia Diuble Taxation Agreement
Regular payments as well as lump sums are taxable in the UK. -
RE: Deed of gift: Bond Transfer and Income Tax Query
Hi,
Gifting the bonds to your mother, may mean that you have a capital gains liability arising from their disposal. You would need to obtain their market value at the time of gifting them to your mother and deducting your allowable costs (eg. acquisition costs, brokers fees for acquistion and disposal). This gain can be further reduced by deducting the annual exempt allowance.
Any remaining gain is subject to tax and should either be declared using the capital gains realtime transaction service below or in a self assessment tax return.
Report and pay your Capital Gains Tax
Your mother would be liable to declare the dividneds arising from these share, as she is now their benficial owner.
You could write to belowadvising the shares belong to your mother, who should declare them to HMRC.
Thank you.