HMRC Admin 32 Response

Hi,

There are a number of factors that can afftect the way your Gift Aid payments affect your code and tax calculation. Please contact us by webchat or post using link below to allow us to review your calculation and advise you.

Self Assessment: general enquiries

Thank you.

Hi,

It is only foreign income if the account is held abroad. As the accounts mature every 3 months then you will declare it on maturity.

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Hi,

No. There are no tax implications of a cash gift. Any interest or dividends that this then generates is taxable income.

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Hi,

As BADR cannot claimed on a residential property, on the actual return, you will show the sale as other property and declare the gain and tax already reported at this section.

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Hi Deepika,

1. You will need to contact the stamp duty office as this forum is for personal tax only.  
2. Capital gains tax will only be applicable if the property is sold at a future date.   
3. No.

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Hi,

Unfortunaltey this is a matter between you and your bank and not for HMRC to comment on.

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Hi,

You will need to contact the company you bought them from or contact the London Stock Exchange to see if they hold details. Both may charge a nominal fee.

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Hi,

Yes. When filing in the return, she will need to tailor the return to show that she has both PAYE and Self Employment income. The sources of income and expenses will be claimed under the relevant source.

Thank you.

Hi,

Unfortunately, if your employer confirms that the monetary awards received are being paid directly through your wage, they will be treated as taxable income, and will affect the amount of Child Benefit repayable as you've described.

Thank you.