HMRC Admin 32 Response

Hi,

It is where the employee is based.

Thank you.

Hi,

1. It is per child but guidance refers to 'a' parent which sugests just 1.  
2. It is on each tax year.
3. An ISA is not applicable if the child is under 16 (cash) or 18 (stocks).  
4. Yes. once over 18 classed as an adult.

Thank you.

Hi,

You need to report all of your UK income in the return.

Thank you.

Hi,

You need to report and pay within 60 days if it is a UK residential property. If you are still having issues you can download the paper version to send in within the 60 day timeline. Of other gains, you can use the real time to report online up to 31 December 2023 other wise its a tax return.

Report and pay your Capital Gains Tax

Thank you.

Hi,

Please refer to guidance at:

Non-resident trusts

Thank you.

Hi,

No you are not automatically enttiled to it as it depends on your nationallity and double taxation agreement with the UK.

Please see guidance at:

Tax treaties

Thank you.

Hi,

We cannot coment on future events so we cannot tell you how much Capital Gains tax you will pay.

For reliefs, please refer to:

Private Residence Relief (Self Assessment helpsheet HS283)

Please note this is current guidance and could change by the time you actually sell.

Thank you.

Hi,

That is not for HMRC to advise and you would need to discuss with the bank.

Thank you.

Hi,

Please see additional guidance at:

SAIM3010 - Deeply discounted securities

Thank you.

Hi sostupid,

If you can access the interest added to your account on an annual basis you need to report it. if you can only access the interest at the end of a fixed term eg 5 years, the interest would be declared in the year the fixed term ends.

Thank you.