HMRC Admin 32 Response
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RE: CGT – New shares plus cash from corporate restructuring
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RE: Selling shares as an executor, with the proceeds going to charity
Hi,
If you contact the charity about making a gift of shares and securities and the charity asks you to sell them on its behalf, you can do so.
However, you’ll need satisfactory evidence (such as an exchange of letters) to show that you’ve made the gift of the investment to the charity and that the charity asked you to dispose of the investments on its behalf. Otherwise, you may be treated as having made a disposal on your own account and the cash you give to the charity may be treated as a Gift Aid donation.
This may also incur a Capital Gains Tax charge.
Thank you. -
RE: Dividends as taxable income and pension contributions
Hi,
You can get tax relief on private pension contributions worth up to 100% of your annual earnings. Dividends are taxable income but not earnings.
Thank you. -
RE: Inquiry About Tax on Multiple Cash ISA Accounts
Hi,
No, as it is 2 separate tax years.
Thank you. -
RE: CGT - Treatment of “free” shares obtained from a building society demutualisation
Hi,
As there was no cost involved to purchase the shares, the value is nil and any gain is therefore based on the increase in selling price.
Thank you. -
RE: NI credits for Grandparent childcare
Hi,
To learn how credits awarded to your national insurance record can benefit you and whether back payments might be an option, please contact the Future Pension Centre. They will provide you with all the necessary information.
Contact the Future Pension Centre
Thank you. -
RE: Employment Record on CF83 - how far to go back?
Hi,
Giving employment details for the period you are applying for should be sufficient. Keep in mind that any work you carried out in the EU prior to this timeframe could help you meet the requirements for paying class 2 contributions, so it’s worth including. Be sure to include as much information as you can about your jobs during this time, whether they were full-time, part-time, or temporary positions where you received payment.
Thank you. -
RE: Retrospectively claiming NI credits
Hi,
If you pay Class 3 NICs and are then subsequently awarded NI credits which negate the need to have paid Class 3 NICs, you can apply for the Class 3 NICs to be refunded.
Thank you. -
RE: Different NIC rates in my letter
Hi,
You should check out NI38 (Social Security Abroad) to determine if you fulfil all the necessary criteria to qualify for class 2 payment rates.
If you still believe you should be eligible for the class 2 rate, please submit a new application along with a cover letter detailing your circumstances.
If you need more assistance, contact our National Insurance team below.
National Insurance: general enquiries
Thank you. -
RE: Protected Payments
Hi,
If you are already at 100% then this can’t increase any more. Gaps before 2016 do not always increase state pension so you will have to check with DWP.
If you are at less than 100% pension then paying pre-2016 years will increase state pension amount.
Thank you.