HMRC Admin 32 Response
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RE: Declare of selling property overseas if didn't move money?
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RE: Inherited and sold house in the Netherlands
Hi,
Yes you need to declare it here. You can claim foreign tax credit relief for the Capital Gains tax paid in the Netherlands to reduce your UK bill.
The valuation given just after you inherited it is acceptable as the purchase price (your share).
Thank you. -
RE: Payment on account after illness
Hi,
When you file your 2024 to 2025 tax return, if the tax owed is over £1000, POAs will automatically be calculated for 2025 to 2026. These POAs are a prediction of the tax that you will owe in 2025 to 2026, and will usually equal the tax you owed for 2024 to 2025.
The first POA for 2025 to 2026, 6 months of predicted 2025 to 2026 tax, will be due on the 31st of January 2026 - 10 months into the 2025 to 2026 tax year. If it this point you know that the tax that you owe for 2025 to 2026 will be lower than the POAs calculated, you can reduce your POAs.
For more information, go to:
Understand your Self Assessment tax bill
Thank you. -
RE: Assistance required
Hi,
If your account shows that you are due to file a 2015 to 2016 tax return and you have not already done so, please complete and send us an SA100 Self Assessment tax return for this year as soon as possible - you can download and print the return to complete by going to and searching for 'SA100 2016'.
National Archives
This will not be why your CIS application is being rejected, though - it's most likely that your Self Assessment record is dormant, and needs to reactivated before CIS can accept your UTR. To confirm this, and reactivate your SA record and UTR, contact us by webchat or phone via:
Self Assessment: general enquiries
Thank you. -
RE: Tax on foreign currency given exchange rate
Hi,
No. When declaring it, you declare it as sterling anyway.
Thank you. -
RE: Taking dividend cash from pension using UFPLS. Do I need to declare?
Hi,
This doesnt include dividends generated as part of your pension pot. This is dividneds paid direct to you as a shareholder. With total income of 50k and n self assessment criteria, no tax return would be required.
Thank you. -
RE: Change HMRC issued cheque to BACS payment
Hi,
Once a repayment has been issued as a cheque, we are usually only able to reissue the payment as a cheque. If the details on your cheque are incorrect, or there are any other reasons as to why you cannot pay it in to your account, contact our Income Tax team by webchat or phone via link below and we can arrange to have your cheque reissued.
Income Tax: general enquiries
Thank you. -
RE: Refund of Swiss dividend tax withholding
Hi Swiss86,
For general requests you cannot send an attachment and the Swiss 86 form are normally sent by post to HMRC. As you are referring to a complaint case you will therefore need to contact the number on your letter for further advice.
Thank you. -
RE: Pension Income showing as Employment
Hi,
Yes, it will show as income.
Thank you. -
RE: CGT on family property gifted to me abroad
Hi,
The disposal of the Italian property should be declared in a self assessement tax return. 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:
National Archives: Exchange rates from HMRC in CSV and XML format
For older rates, please see:
National Archives: Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2010
You are free to use any of the supplied rates or one of your own choosing.
To help you work out the capital gain, there is a calculator at:
Tax when you sell property
Guidance on private residence relief can be found at:
HS283 Private Residence Relief (2024)
Thank you.