HMRC Admin 32 Response

Hi travelwong,

1. If this is a cash gift, no.
2. Possibly at it depends in whether you are using the remittance basis or not.

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

Thank you.

Hi,

Yes, please include the amount of 2022 to 2023 tax already repaid. You would add this in the section headed 'Tax refunded or set-off'.

Thank you.

Hi,

I'm sorry to hear about the issues regarding your tax code. Codes are issued to your employer overnight, and are usually received within 2-3 working days. If your employer receives this code in time to apply it before they run their next payroll, you should receive a refund of any overpaid tax in your very next wage. If the new code is received after payroll has been calculated, the code update will usually be applied in the following payroll calculation, with your repayment being paid in the wage after that.

Thank you.

Hi,

Please contact the Stamp Duty Land Tax team for advice.

Stamp Duty Land Tax

Thank you

Hi,

Please have a look at the remittance basis guidance at RDRM32040, which advises of the removal of personal allowanced and annual exempt allowance, when claiming the remittance basis.  
RDRM32040 - Remittance Basis: Accessing the remittance basis: Claiming the remittance basis: Loss of Personal Allowances and the Annual Exempt Amount

There is also helpsheet HS264 with guidance on the remittance basis.  

Remittance basis 2023 (HS264)

Thank you.

Hi,

The full interest paid in the tax year in which the interest is paid.

Thank you.

Hi,

Your mum will need to work out if there is any Capital Gains Tax to pay on the disposal of the overseas property. All parts of the capital gains calculation, will need to be converted to pounds sterling, using a just and reasonable exchange rate in use at the time of 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.  

There is a calculator below, as well as information to help you work out the gain.  

Capital Gains Tax

Any gain, should be reported on a Self Assessment Tax Return.

Thank you.

Hi,

The overseas income will be declared 50:50 on a Self Assessment Tax Return, by both of you.

Thank you.