HMRC Admin 32 Response

Hi,

Yes, it is the same.

Thank you.

Hi,

For marriage allowance, please refer to:

Marriage Allowance

If a tax return is due for 2023 to 2024, this wont be due until 31 January 2025.

Please check below to see if one is required.

Self Assessment tax returns

Thank you.

Hi,

For the loans, please refer to:

Director's loans

For you buying out the other person, there is no capital gain or loss until you actually sell the shares or the company dissolves. For the other partner, as they are selling the shares, they would then have a gain or loss to declare.

Further guidance is at:

Tax when you sell shares

Thank you.

Hi,

Yes. as its not taxable in UK its not taxable for same source from abroad.

Thank you.

Hi,

For an answer to a personal question of this nature, you would need to contact our self assesment team.

Self Assessment: general enquiries

Thank you.

Hi,

No, it does not.

Thank you.

Hi,

The annual allowance for 22/23, is a maximum of £40000, or the relevant earnings if the relevant earnings are below £40000. Any pension payments above the relevant earnings, is treated in the same was as pension payments above £40000. Tax relief does not apply, so the exces needs to be declared in a tax return. The excess is declared on a paper SA101 (additional information) page Ai3, box 10 "Amount saved towards your pension, in the period covered by this tax return, in excess of the Annual Allowance" and if the pension provider is paying the tax, this is shown in box 11 or the online equivalents.  

Additional information (2023)

Thank you.