HMRC Admin 32

Hi Dharan,

For a more detailed response, you will need to contact our Self Assessment team.          

Self Assessment: general enquiries  

Thank you.

Hi,

All figures need to be in pounds sterling, to work out any gains or losses.

You have the sterling figure when converted to dollars(1) and the sterling figure when returned to sterling (4).  If 4 - 1 is a gain, this is taxable.  If it is a loss, then you can declare the loss on your tax return or in writing to HMRC.

Thank you.

Hi,

You will need to review the guidance at RDR1, to determine your residence status and to find out if split year treatment applies. If you are deemed resident for the full tax year of 2021 to 2022, you would need to declare your UK income and any income remitted to the UK up to 5 April 2022.  You will be considered resident for the full tax year 2022 to 2023, any foreign income remitted to the UK in that period will need to be declared in a Self Assessment Tax Return along with UK income.  

RDR1 guidance can be found at

Residence, domicile and the remittance basis: RDR1

Thank you.

Hi,

As regards your property in the UK, the relevant guidance at RDRM11550 states that: '(An) individual will have a place to live in the UK if they have a home, holiday home, or temporary retreat in the UK, or other accommodation that they can live in when they are in the UK'. Please note that it is for you to decide if your UK investment property meets the aforementioned criteria.                                                            

RDRM11550 - Residence: The SRT: Accommodation tie 

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Hi,

1. You are correct in stating that 91 day rule refers to calendar days.  
2. The 31 day rule refers to actual working days
3. As regards paid annual leave, please refer to the guidance at RDRM11180.                       

RDRM11180 - Residence: The SRT: Annual and parenting leave

Thank you.

Hi,

If you make a loss on a disposal of SEIS shares, you can set this loss against your chargeable gains in the same year .In computing the loss, you must reduce the cost of your shares by the amount of any Income Tax relief given and not withdrawn.                

HS393 Seed Enterprise Investment Scheme — Income Tax and Capital Gains Tax reliefs (2021)

Thank you.

Hi,

The payments from the winding up/liquidation of the company are subject to Capital Gains Tax in the years they are received, so payment received March 22 will be shown in the 2021 to 2022 return and payment received in October 22 will be shown on the 2022 to 2023 return.

Whether Business Asset Disposal relief can be claimed depends on whether the conditions are met at each payment date. You will need to review the qualifying conditions at the date of each payment and if the conditions are met for each payment then the claim can be made.  

HS275 Business Asset Disposal Relief (2022)

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Hi,

You can view the advisory fuel rate for company cars here:

Advisory fuel rates

Thank you.

Hi,

We are unable to check your record from this forum, you will need to contact our Self Assessment team for any queries.

Self Assessment: general enquiries

Thank you.

Hi,

We review letters in date order. If you want to review this now you would need to contact our Self Assessment team again to advise of the full payment details including the reference you made the payment with. We would then refer this to our processing office to allocate the payment correctly.

Self Assessment: general enquiries

Thank you.