HMRC Admin 32 Response
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RE: Allowable expenses on selling of shares
Hi,
Please refer to link below for what is allowable.
CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you. -
RE: Marital separation
Hi,
This is when spouses stop living together without getting divorced and yes you would likely need to use the services of a solicitor and/or accountant regarding any capital gain.
Thank you. -
RE: Valuation for options and restricted stock units
Hi,
Restricted stock units may come within the meaning of an 'option' included in ERSM220060 however this will be determined by the facts of the individual case. As this forum only provides general advice, please contact us directly if you require a more definitive answer.
Thank you. -
RE: Pension Payment to NON-UK Resident in Excess of the Lifetime Allowance
Hi,
You will need to submit the DT claim as the NT code cannot be issued until the pension is actually paid.
Thank you. -
RE: Fellowship compensation from a US-based organisation
Hi,
As you are a UK resident, this income is taxable along side your UK income. You would need to declare it in a self assessment tax return. If you have not registered for self assessment before, you can do this at:
Check how to register for Self Assessment
Thank you. -
RE: Cryptoasset capital gains reporting
Hi,
Valuations of cryptocurrencies are subject to the same rules as any other capital asset. We do not value assets ahead of time and individuals should use a just and reasonable method when making a valuation. Records should be kept of their methodology.
Have a look at CRYPTO2000 onwards for more information.
CRYPTO20000 - Cryptoassets for individuals
Thank you. -
RE: Proof of UK tax payment for social security agreement with Canada
Hi,
This would be your P60 information that is supplied by your employer. If you no longer have this, you will need to write in for details.
Make a SAR to HMRC
Thank you. -
RE: Personal Tax
Hi,
If you qualify for split year then you only report any foreign income for the UK part of the year.
RDRM12000 - Residence: The SRT: Split year treatment
If you do not qualify then you will need to report all your foreign income to the UK.
Tax on foreign income
The guidance at RDRM12150 will help you work out if split year treatment applies.
RDRM12150 - Residence: The SRT: Split year treatment
HMRC cannot advise you on which case this applies under as it is up to you to determine this based on the guidance available. You cannot file online if applying for split year treatment as the SA109 is not compatible with our system. You will need to file by paper or buy commercial software
Thank you. -
RE: PRR when working overseas
Hi,
You will not be due full residence relief as you have not lived in it for the whole period of ownership. Whilst you were posted overseas, you then chose not to return to the property so the period overseas will only count up to this date. Further guidance is at:
HS283 Private Residence Relief (2023) - Calculating the gain where only partial relief is due
Thank you. -
RE: Non-resident tax returns
Hi,
Based on this information, no.
Thank you.