HMRC Admin 32 Response

Hi,

The correct link is BIM100135 (miscellaneous income) which can be found at:

BIM100135 - Miscellaneous income: scope of the provisions: isolated sales of assets

Thank you.

Hi,

Please have a look at the guidance at:

CG15250 - Expenditure: incidental costs of acquisition and disposal

It defines what is allowable expenditure for the incidental costs of acquisition and disposal.

Thank you.

Hi,

The tax year starts 6 April and finishes the 5 April the following year so would be the mileage between thoses dates. 

Thank you.

Hi,

You would include your share of the joint interest on your tax return even if below the personal savings allowance but not the tax free ISA. 

Thank you.

Hi,

If you're unable to change your registered name using your Personal Tax Account, just contact us by webchat, phone or post via:

Income Tax: general enquiries

Thank you.

Hi,

You would need to contact our Online Helpdesk for assistance.

Technical support with HMRC online services

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Hi,

Under the ‘relief at source’ system, your pension provider claims basic rate tax relief (of 20%) on your personal contributions and adds that to your pension pot. Put the total amount in box 1 that is, your personal contributions paid to the scheme, plus the basic rate tax relief. Include any one-off payments you made in the year 2022 to 2023. One-off payments are payments made in the year to 5 April 2023 that you do not intend to repeat in the year to 5 April 2024. 

Thank you.

Hi Tanny,

You would not need to complete a Self Assessment Tax Return. Drawdown/withdrawal of your pensionwould not be subject to UK tax, but will be subject to Australian tax.  

A transfer to another QROPS would need to be reported to HMRC.

Overseas pensions: pension transfers

Thank you.

Hi,

Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.  
For your convenience, there are exchange rates at:

The National Archives: Exchange rates from HMRC in CSV and XML format

For older rates at:

The National Archives: Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009

You are free to use any of the supplied rates or one of your own choosing.

Thank you.

Hi,

Dividends are still taxable income so the amount will show at the top of your calculation. If you look further down on how the tax due has been calculated, you will see there that the first £2000 (for 2022 to 2023) is taxed at 0%.

Thank you