HMRC Admin 32 Response

Hi,

A form R43 will not give you an NT tax code as this only gives you personal allowances. to be fully exempt, it is a DT individual form that you need.

Double Taxation: Treaty Relief (Form DT-Individual)

Thank you.

Hi,

You would need to check with the companies direct or contact the London Stock Exchange.

Both may charge a nominal fee for this.

Thank you.

Hi,

You would send a letter detailing what you have gifted and when to:

HMRC PAYE & Self Assessment
BX9 1AS

Thank you.

Hi,

Please refer to:

HS292 Capital Gains Tax, land and leases (2023)

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Hi,

It will depend on the type of share option that was excerised.

Please refer to:

Tax when you sell shares

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Hi,

You would need to advise the pension company of this in order that the excess tax is paid back.

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Hi,

If the dividends and interest are from the insurance policy, these will form part of the surrender value and should only be declared at that point.

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Hi,

It will be 50/50 from the date purchased as by remortaging it you have gifted half to your wife.

Capital Gains Tax

Thank you.

Hi Lisa,

Your spouse would take 50% of the disposal value and deduct 50% of the acquisition cost when you acquired the property, as well as 50% of the Fees, such as solicitors fees, estate agent fees. This will give your spouse a capital gain.  

If the property became your spouses main residence from the date it was transferred to your wife until the date it was let, you work out the total number of months that the property was their main residence, plus a further 9 months, over the total number of months that you they owned their share of the property.  

You have 60 days from the completion date, to report and pay the Capital Gains Tax, to avoid penalties and interest.  

Have a look at the link below, which includes a calculator and links to the online capital gains service used to report and pay the Capital Gains Tax.  

Capital Gains Tax

If you both have tax to pay, you will each need to create a capital gains account and report your individual gains separately.

Thank you.

Hi,

If the expenses are £2500 or more then you will need to complete a Self Assessment to claim the expenses. If not yet registered you can register online at:

Register for Self Assessment if you are not self-employed

If the expenses are below £2500 then you should submit a P87 expenses claim.

Claim tax relief for your job expenses

Thank you.