HMRC Admin 32 Response
-
RE: Working for a UK-Based Company in RAF Akrotiri Cyprus
Hi,
As non military, if you are not living on the actual military base you are not classed as living in the UK.
Please therefore refer to:
Tax on your UK income if you live abroad
RDR3 Statutory Residence Test
Thank you. -
RE: Allowing my brother to use my Bank from abroad
Hi,
This is between you and him but you may want to contact your bank for more information.
Thank you. -
RE: UK Tax Residency Query (Sovereign Base Areas in Cyprus)
Hi,
As non military, if you are not living on the actual military base you are not classed as living in the UK.
Please therefore refer to:
Tax on your UK income if you live abroad
RDR3 Statutory Residence Test
Thank you. -
RE: High Income Child Benefit Charge not applicable?
Hi,
If you selected Yes to receiving Child Benefit, you should then see the section for High Income Child Benefit Charge, towards the end of your return.
While you will most likely not have any additional tax due, if you cannot see this section, please submit your return, then contact our Self Assessment team by webchat or phone via to allow us to update your return.
Self Assessment: general enquiries
Thank you. -
RE: consideration money for company shares
Hi,
This would be a capital gain / loss and would be declared in the capital gains section, either in the listes shares or unlisted shares section.
Please have a look at the guidance at below for more information.
CG14500 - Consideration for disposal: meaning of consideration
Thank you. -
RE: Declare Uk Gov Bond Interest
Hi,
Yes, you need to report this via Self Assessment.
Thank you. -
RE: Allowance for Self Assessment Payments for the following tax year
Hi,
Your 2023 to 2024 calculation will show the total amount of tax due on your Self Assessment income.
Once you go beyond this calculation, and fully submit your Self Assessment return, any Payments on Account already made will be subtracted from this total.
You will then be asked to pay whatever tax remains due, or be able to claim any overpaid Payments on Account.
Thank you. -
RE: Gain on house sale - Time Apportion Method
Hi,
You look at the gain before taking off the private residence relief.
See guidance at:
HS283 Private Residence Relief (2024)
Thank you. -
RE: Capital Gains Tax on Property
Hi,
There would be no capital gains at time of transfer to your wife.
She will then be liable if or when the property sells. The base price will be the 258k origial purchase price.
Thank you. -
RE: Delisted shares and company in liquidation - when can capital loss be declared on tax return?
Hi,
The loss is declared in the tax year that the business went into liquidation.
You would have to use the liquidator's estimate in the first instance and amend your return at a later date, to reflect the actual value.
Thank you.