HMRC Admin 32 Response
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RE: Non-UK tax resident have rental income and how to submit tax return
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RE: Tax return for self-employed in Ukraine
Hi,
HMRC cannot tell you what your residence status is as this is for you to determine based on the guidance available. You may therefore wish to seek professional help if you are still unsure of your status to then determine if a tax return is required for the 2022 to 2023 tax year.
Thank you. -
RE: Capital Gain on a property sale
Hi,
As the property is in your name only, you are liable for the full gain. The agreement appears to be a business agreement on where you will share the profit but for the purposes of reporting it, HMRC would need to have sight of a declaration of trust in which you legally agree to transfering half of the beneficial interest to the other party in order for you both to be liable to capital gains.
Thank you. -
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.