HMRC Admin 32 Response

Hi,

We cannot advise whether your vehcile meets the criteria for claiming AIA. You will need to look at CA23510 for the meaning of a 'car'.  

CA23510 - Plant and Machinery Allowances (PMA): cars: outline - meaning of ‘car’

If your vehicle falls into the category of 'car', then you cannot calim AIA.  Instead you should write down the value of the asset by placing it in a pool.  

Further guidance can also be found at:

Claim capital allowances

Thank you.

Hi,

The payments on account are not shown on the Self Assessment tax calculation, SA302. If the balance for 2022 to 2023 is £5000 and you have already paid £4000 payments on account then it would leave a balance to pay of £1000. This will be shown on your Self Assessment statement were the payments on account made are set against the balance due. 

Thank you.

Hi,

This would be classed as trading income and liable to income tax.

Please refer to:

Selling online and paying taxes - information sheet

Thank you.

Hi,

Your late brothers UK estate would be subject to Inheritance Tax rules, not his overseas estate. 

How Inheritance Tax works: thresholds, rules and allowances

Inheritance Tax: general enquiries

As you inherited a share in the property, you and the other beneficiaries may be subject to Capital Gains Tax if you dispose of the property.  

Have a look at below, which includes a capital gains calculator.

Capital Gains Tax

Thank you.

Hi,

As the account you are using is in your husband's name, the income arising from it is his and should be declared in his tax return, not yours. You would need to create your own account and sell from that account, so that you can report on your tax return.

Thank you.

Hi,

As the return for 2021 to 2022 is already late, you will have been charge late filing penalties. Once the return is submitted and if there is any tax to pay, you will be charged penalties for late payment and also interest for late payment as this should all have been done by 31 January 2023.  

Self Assessment tax returns

Your income for 2021 to 2022 should be filed separately from 2022 to 2023.

Thank you.

Hi,

It may be that your income is over £100k and as such full allowances are not due.

Income Tax rates and Personal Allowances: Income over £100,000

Thank you.

Hi,

Yes. Please refer to guidance at:

Self Assessment tax returns

Thank you.

Hi,

Please refer to guidance at:

Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Thank you.

Hi,

No, you dont declare anything and the losses will be automatically carried forward.

Thank you.