HMRC Admin 32 Response
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RE: Report details non-reporting offshore funds gains
Hi,
You can refer to this in the comments section of the return.
Thank you. -
RE: Non-resident UK income question
Hi,
It is UK income as the work arises in the UK. If there is a tax treaty between the UK and your country of residence, that confirms the income is taxable only in your country of residence, it would not be taxable in the UK.
You can find a list of tax treaties at:
Tax treaties
Where there is no tax treaty, the income is taxable in the UK, as it arises here.
Thank you. -
RE: CGT and moving abroad due to employment
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RE: Student Loan - Stop Notice
Hi,
To check if the stop notice has been issued you will need to contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: Purchase Price for CGT after buying partner out
Hi,
Apologies for the error. Please use the amount paid and not the market value.
There are two calculations here:
Your 50% using the figures at the time of acquisition. Add to that 50% of the acquisition cost for the other 50%. This will give you the acquisition cost.
This is deducted from the disposal value, along with your acquisition and disposal costs, such as solicitors fees, estate agents fees etc.
If there is a gain, you can deduct from this, private residence relief.
Please have a look at the guidance on private residence relief at:
HS283 Private Residence Relief (2023)
There is also a calculator at:
Tax when you sell property
You have 60 days from the date of completion, to report and pay the capital gains tax.
You can do this online at:
Report and pay your Capital Gains Tax
Thank you. -
RE: How do I report 2023/4 net share losses against CGT liability on a house sold in March 2024?
Hi,
If the property is jointly owned, you both need to perform separate capital gains calculations. The default split is 50/50.
There is an online calculator below, to help with this.
Tax when you sell property
Please answer 'yes' to the question "What is the total value of your Capital Gains Tax losses from tax years before 2024 to 2025?".
Thank you. -
RE: Returning to the UK after being a non-resident : day-count / split year
Hi,
You would need to review the guidance on statutory residence below, to ensure you don't exceed the maximum number of days allowed in the UK.
RDR3: Statutory Residence Test (SRT) notes
Please also have a look at the ties onwards.
RDRM11510 - Residence: The SRT: The ties test
The more ties you have, the less time can be spent in the UK. -
RE: Student Loan "FILL IN YOUR RETURN" vs "VIEW MY CALCULATION" - values don't match?
Hi,
Have a look at the links below.
Manage your student loan balance
Tell HMRC about a student or postgraduate loan in your tax return
You can contact our Self Assessment team below.
Self Assessment: general enquiries
Thank you. -
RE: Untaxed interest on savings and investments deduction on tax code
Hi,
We would need to access your record to review and update your code. Once updated any tax overpaid will be refunded through your private pension.
You can contact our Income Tax team here.
Income Tax: general enquiries
Thank you.