HMRC Admin 32 Response

Hi,

A Self Assessment Tax Return is not required. You would simply report the gain (just as you did the losses), advising that you are applying HMRC approved losses, so no Capital Gains Tax is payable and that there is a surplus loss to carry forward.
Thank you.

Hi,

The taxable element of the redundancy payment will be taxed when paid to you by your employer. From the net payment received you can pay into a pension. 

Thank you.

Hi,

As you have now submitted your 2023 to 2024 tax return if the balance due is less than the payments on acccount originally set up then the payments on account will be adjusted to cover the actual balance. If you allow 3 working days for the submitted tax return to be processed and payments on account to be adjusted.
Thank you.

Hi,

No. You would still have to use the April 2015 value, if the property was acquired before that date.

Thank you.

Hi,

No. For 2023 to 2024, the second ISA will need to be closed. The ISA provider will need to do this, to comply with requlations for that year. The stock and shares will need to be removed from the ISA and any gains arising from disposals, may be liable to Capital Gains Tax. A new ISA can be opened 2024 to 2025.
Thank you.

Hi,

This will be the invoiced amount and you will include it as part of your self employed turnover.

Thank you.

Hi jbp0624,

You will need to contact our Income tax team to review and update your tax code.

Income Tax: general enquiries

Thank you.

Hi,

1. It can be at the time of remitting.   
2. It will be the amount at the time the mony is removed from the account.    
3. No.

Thank you.

Hi,

Please refer to:

Check if you need to send a Self Assessment tax return

Thank you.

Hi Seeking advice,

HMRC cannot advise you on that as it is financial advise and we are not authorised to give this.
If you qualify for split year then you only report any foreign income for the UK part of the year.

RDRM12000 - Residence: The SRT: Split year treatment

If you do not qualify then you will need to report all your foreign income to the UK.

Tax on foreign income

The guidance at RDRM12150 at GOV.UK will help you work out if split year treatment applies. 

Thank you.