HMRC Admin 32 Response

Hi,

Please see the guidance below for advice on qualifying for tax relief.

PTM114000 - International: Overseas membership of a registered pension scheme

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Hi,

Non qualifying policies that mature or are redeemed, are taxable. The policiy provider will give you a chargeable event certificate, which should be declared in a Self Assessment Tax Return for the trust.

Thank you.

Hi,

The tax codes are issued January and February each year for the following tax year. If you have an online account you can check your tax code for 2024 to 2025.

Personal tax account: sign in or set up

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Hi,

If the joint owners are spouses or civil partners, then there is no capital gains tax liability arising from the transfer of assets.  

If you are business partners only, you would need to apportion your acquisition costs for the property and the market value of the property at the time you dispose of your share of the property. If a gain arises, then you have 60 days from the completion date to report and pay the Capital Gains Tax.  

Have a look at he guidance below, which includes a calculator. The figures entered in the calculator are apportioned to your share of the property.

Tax when you sell property

Thank you.

Hi,

For an answer to a question of this nature, you would need to contact your ISA provider, the self assesment team, or seek professional advice.

Self Assessment: general enquiries

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Hi,

Days spent in the UK may be ignored if the individual’s presence in the UK is due to exceptional circumstances beyond their control. This will usually only apply to events that occur while an individual is in the UK and which prevent them from leaving the UK.  

Please have a look at some examples at:
 
RDRM13240 - Residence: The SRT: Annex B: What are exceptional circumstances

Thank you.

Hi,

As part of the SA100 tax return, you would also need to compete a SA109.

Residence, remittance basis etc (Self Assessment SA109)

This will allow you to declare your residence status in the tax year and claim split year treatment is appropriate.  

Please have a look at RDR3 and take the statutory residence tests.

RDR3 Statutory Residence Test

Thank you.

Hi,

Report and pay your Capital Gains Tax

The above link states "You must report by 31 December in the tax year after you made your gain and pay by 31 January. For example, if you made a gain in the 2023 to 2024 tax year, you need to report it by 31 December 2024 and pay by 31 January 2025. 

You have the right to appeal the late filing penalty for the tax return being late, stating the grounds of your appeal.  

You can do this at:

SA370 Appeal – Self Assessment: Appeal against penalties for late filing and late payment

An appeal will only be considered once the tax return is received."

Hi,

If you had payments on account for 2022 to 2023 then these payments were due 31 January 2023 and 31 July 2023.

It could be that you reduced the payments on account to nil and when you filed the 2022 to 2023 tax return a balance was due the payments on account are reintroduced with the original payment dates so interest would then be charged.

To review the interest charges you would need to contact our self assessment team.

Self Assessment: general enquiries

Thank you.

Hi,

The deeming rule applies when you have been resident in the UK for one or more of the three previous tax years and have 3 UK ties and have been present in the UK for more than 30 days without being present at the end of the day (midmight). Only if all 3 conditions are met, does the deeming rule apply and the lower figure on the table get used.  

Have a look at the examples at:

RDRM11720 - Residence: The SRT: Days spent in the UK: The deeming rule

If the deeming rules do not apply then the number of days is the second figure based on the number of ties.

Thank you.