HMRC Admin 32 Response

Hi,

Yes, you declare it in the year the payments are made back to you.

Thank you.

Hi,

This forum is for general guidance only and we cannot reply to specific scenarios. The online tool below should answer your query.

Selling online and paying taxes - information sheet

If it does not, you will need to contact our Self Assessment team. 

Self Assessment: general enquiries

Thank you.

Hi,

Please have a look at the gains on life insurance policy helpsheet HS321 for answers to your queries.

HS321 Gains on foreign life insurance policies (2024)

Thank you.

Hi,

As this is a foreign policy, you meet the criteria for completing a self assessment tax return when the policy matures.  

You can register for self assessment at:

Check how to register for Self Assessment

Thank you.

Hi dustpine,

We cannot advise how long, but if the property is your mother's main residience for the entire period of ownership then there would be no tax payable. As you mother is not UK resident while owning this property, that will not be the case.  
The UK property would only become her main residence from the date she moves into the property. This would have to be declared in writing to HMRC.  
Private Residence Relief is the fraction of time the property is the main residence over the period of ownership, usually calculated in months.  
Have a look at the help sheet HS283:

HS283 Private Residence Relief (2024)

Thank you.

Hi,

No. Each person is responsible for their own tax affairs and you would both need to submit a tax return.

Thank you.

Hi,

The UK France tax treaty can be found at:

UK/FRANCE - DOUBLE TAXATION CONVENTION

Interest falls under article 12.

Thank you.

Hi,

The balancing payment due date for the 2022 to 2023 Self Assessment was 31 January 2024. As you paid after this date then a late payment penalty and interest have been charged.
If you want to appeal the late payment penalty details on how to do this:

Check when to appeal a Self Assessment penalty for late filing or late payment

Thank you.

Hi,

Yes the examples woulld be correct. 1st example £1000 personal savings allowance and 2nd example £500 personal savings allowance. 

Thank you.

Hi,

You can calculate your adjusted net income:

Personal Allowances: adjusted net income

Thank you.