HMRC Admin 32 Response

Hi,
HMRC expects that buying and selling of tokens by an individual will normally amount to investment activity (rather than a trade of dealing in tokens). In such cases, if an individual invests in tokens they will typically have to pay Capital Gains Tax on any gains they realise. Only in exceptional circumstances would HMRC expect individuals to buying and selling exchange tokens to be considered trading. Guidance on mining transactions can be found here:
CRYPTO21150 - Cryptoassets for individuals: Income Tax: mining transactions
and
CRYPTO21000 - Cryptoassets for individuals: Income Tax
If an individual's activity is considered to be trading, then income tax will take priority over Capital Gains Tax and will apply to profits (or losses). If an individuals activity does not meet the conditions to be liable as a trade then the income will be subject to Capital Gains Tax and the relevant rules would then apple.
Please see further guidance on pooling with examples for capital gains purposes here:
CRYPTO22200 - Cryptoassets for individuals: Capital Gains Tax: pooling
and
CRYPTO22250 - Cryptoassets for individuals: Capital Gains Tax: pooling examples
Thank you.

Hi,
Please refer to:
How Inheritance Tax works: thresholds, rules and allowances
You can also contact our Inheritance Tax team here:
Inheritance Tax: general enquiries
Thank you.

Hi,
This forum is for general queriesand we are unable to provide specific advice tailored to individual circumstances.
For assistance with your claim you will need to contact HMRC direct.
Income Tax: general enquiries
Thank you.

Hi,
Please see guidance here:
Tell HMRC about a change to your personal details
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Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
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Hi,
Please see the following link for how to contact HMRC as a Non-UK resident employee.
Non-UK resident employees
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Hi,
Full private residence relief is available for the farmhouse and it's grounds up to the the permitted area of 0.5 hectare. Please see the guidance at
CG64350P for full details.  
CG64350 - Private residence relief: garden and grounds
With reference to the annexes, any private residence relief due on the disposal of these will depend on the circumstances of the case. If these cottages were considered to be part of the main residence and grounds originally, some relief may be due for the period up to the date they were separated and used as furnished holiday lettings.  
When considering the renovation costs for each of the cottages, some of these may be deductible as capital expenditure when the assets were transferred to the daughter. See CG15180. CG15180 - Expenditure: enhancement expenditure
Note that if the expenditure took place before the holiday cottages were transferred to the daughter, this expenditure can only be claimed on any capital gain arising from this transfer. The enhanced value will already be reflected in the higher market value at the time of transfer and so no further relief will be due if the daughter later sells the properties.
Thank you.

Hi,
The threshold is £3600. If you pay in £2880, your pension provider can claim £720 tax relief which bring you up to £3600.
Thank you.

Hi,
It is a requirement that you sell the shares outside of the ISA and immediately buy them back inside the ISA.  If these transactions take place at the same time, then there is no gain / no loss arising. Now that they are in the ISA, if you dispose of them, there is no capital gain, equially there is no loss if you dispose of them for less thay they were acquired for.
Thank you.
 

Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.