HMRC Admin 32 Response

Hi,

As not peer to peer, declare as untaxed interest.

Thank you.

Hi,

You can apply online for the certificate.

How to apply for a certificate of residence to claim tax relief abroad

Thank you.

Hi,

The receiving of the gift is not taxable but if you then later sell the crypto you may be liable to Capital Gains Tax. Your parents should check the laws of their country to see if any gain is due on them gifting the crypto to you.

Thank you.

Hi,

If you have both PAYE and self employment then yes you can claim the trading allowance against the self employed income. It cannot be claimed against PAYE income as you are not actually trading when employed under PAYE.

Please see guidance here.

Tax-free allowances on property and trading income

Thank you.

Hi,

You would make the claim in a tax return for any refund to be issued. If you do not need to do a tax return, you would send your claim in writing to:

HMRC PAYE & Self Assessment
BX9 1AS

In regards to your second post, you would provide details of the company and amount invested and the date the company was liquidated.

Thank you.

Hi,

For an answer to a detailed question of this nature, you would need to contact our self assessment team below, or seek professional advice. 

Self Assessment: general enquiries

Thank you.

Hi,

You cannot claim personal therapy as a business expense if you are a sole trader. This is because it fails to meet the test of being 'Wholly and Exclusively' for their business as it is for their Personal use.  

BIM37007 - Wholly and exclusively: overview

The above link sets out the definition of Wholly and exclusively which might give the customer a better insight as to why it's not allowable.

Thank you.

Hi,

If you have no evidence to support the expenses, you would not be able to claim.

Thank you.

Hi,

Use the date that you made the first investment.

Thank you.

Hi,

The account provider wont tax the interest and it wont be declared to HMRC.

Thank you.