HMRC Admin 32

Hi,

Please refer to:

Shares and assets valuations for tax

Thank you.

Hi,

You need to use the losses in the first year that you make a profit and any balance must be set off in the next tax year in which a profit arises. You must use the losses withn 4 years from the end of the year in which they arise.

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Hi,

Please refer to:

HMRC services: sign in or register

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Hi,

If you have claimed this on the tax return, it will show in the calculation and will update your tax code.

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Hi,

That is a decision that only you can decide on.

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Hi Tsz Chun,

There are no Income Tax implications on the receipt of a cash gift unless the income generates interest or dividends. These would then potentially be subject to tax.  

Further guidance can be found here:

Tax on savings interest

Tax on dividends 

Thank you.

Hi,

All income must be reported in sterling. Please refer to below for rates.

Exchange rates from HMRC in CSV and XML format

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Hi,

The crypto loss falls under capital losses and can only be set against future Capital Gains. You cannot set this against your self employment.

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Hi,

Gilt-edged securities which have not been stripped are excluded from being deeply discounted securities, SAIM3040. The legislation is at S432 ITTOIA05.

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Hi,

The expenditure must have been incurred wholly and exclusively for the purposes of the acquisition or disposal. As such, only the costs relating to the actual sale are allowable.

Thank you.