HMRC Admin 32 Response

Hi,

The general rule is that the relief is available for the tax year in which the shares are issued. However, it’s possible to treat some or all of the shares as issued in the previous year and claim relief in that previous year, subject to the £100,000 maximum relief limit for the year. You will find the date of issue of your shares recorded on form SEIS3.

If you want to make use of this option enter on your tax return the amount which you want to claim for in tax year 2022 to 2023, including any amounts invested in tax year 2023 to 2024 for which you already hold a valid SEIS3 and which you want to have relieved in tax year 2022 to 2023, remember, the maximum you can claim in total for tax year 2022 to 2023 is £100,000.

Thank you.

Hi,

Include the HS304 with the return. Keep the P60 info as per that given to you by your employer and then claim the relief at the residence section for the employment after you left the UK.

Thank you.

Hi,

The pension tax charge takes into account all pension payments made in the year and any tax relief applied therefore the £1500 should be added.

Thank you.

Hi Joe22,

This is foreign self employment income. You would include it with your gross turnover, in the self assessment sections, along with your expenes.

Thank you.

Hi,

Please refer to guidance at:

Tell HMRC about a student or postgraduate loan in your tax return

Thank you.

Hi Ybk Kh,

The total charge due will not solely be on the student loan as the final figure is for tax too. From your figures, your income is over £100,000 which means full personal allowances are not due. You may need to submit the return and then contact us direct so that we can see all the figures submitted to clarify in full.

Thank you.

Hi,

For advice on this matter, you will need to contact the Inheritance Tax team.

Inheritance Tax: general enquiries

Thank you.

Hi Corinna,

Please refer to:

Tax on your UK income if you live abroad

Thank you.

Hi,

If the money in the Italian account generates interest, then this interest is taxable in the UK and should be reported on a Self Assessment Tax Return. The gift itself, is not taxable, even when transferred to the UK.

Thank you.

Hi,

As you are self employed you will have additional student loan payments to make on this extra income. You can contact our Self Assessment team by telephone and you will then be put through to the student loan team if you still need assistance.

Self Assessment: general enquiries

Thank you.