HMRC Admin 32 Response
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RE: CGT liability after moving into a previously rented property?
Hi,
We cannot provide you with calculations in this forum.
You can use the calculator below to obtain your answer.
Tax when you sell property
Thank you. -
RE: CGT for non-resident on money remitted to UK
Hi,
No. As long as you are not tax resident in the UK when you dispose of the US shares, you would not have any UK taxes to pay.
Thank you. -
RE: Overseas Transfer Charge (OTC) and relieved relevant non-UK scheme (RNUKS) transfers
Hi,
We can only provide general information and guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our Self Assesment team below or seek professional advice.
Self Assessment: general enquiries
Thank you. -
RE: Capital gains tax on shares
Hi,
Please have a look at the guidance below, regarding placing your shares in a section 104 holding.
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
This will allow you to work out an average value to use as the acquisition cost when working out if you have made a gain or loss.
You can either use the S104 method or you use the acquisition cost and each acquistion to work out if you have a gain or loss.
Thank you. -
RE: Deductible Items from calculating the capital gain
Hi,
How you financed the acquisition of the asset, whether by mortgage, cash payment, inheritance or a combination of different methods is errelevant. How you acquired the asset is not a factor in calculating capital gains on the disposal of residential property. The calculation is the disposal value minus allowable costs to determine if their is a gain or a loss. Allowable costs are the acquisition cost, solicitor's fees, estate angent's fees, auctioneer's feed, stamp duty, disposal costs etc.
There is a calculator below, which you can use to work out if you have a gain or a loss.
Tax when you sell property
Gains should be reported within 60 days of the completion date.
Guidance on this is at the end of the calculator.
Thank you. -
RE: Error in SA tax calculation
Hi,
Write to us with copies of your 2011 to 2012 and 2012 to 2013 calculations at:
Self Assessment
HM Revenue and Customs,
BX9 1AS
We can then confirm if personal allowance has been and should have been applied to your income, and what we can do next.
Thank you. -
RE: Query for Income tax relief (work from home)
Hi,
You can update both of these returns online on your Personal Tax Account - insert the Working From Home allowance you wish to claim under 'Other Expenses and Capital Allowances' on your Employment pages. Or contact our Self Assessment team by webchat or phone and we can assist you further.
Self Assessment: general enquiries
Thank you. -
RE: Tax refund cheque 2021/22 year
Hi,
Yes, we can issue a replacement cheque - contact our Income Tax team by webchat, phone or post via to request a new cheque.
Income Tax: general enquiries
Thank you. -
RE: Checking Interest and Dividends shown on Demand for previous years tax.
Hi,
To confirm your dividend and interest figures, and request confirmation in writing if necessary, contact our Income Tax team below.
Income Tax: general enquiries
Thank you. -
RE: Help with Registering as a Freelancer & Tax Concerns -- Am I too late?
Hi,
If you get in touch with our Self Assessment team and we can confirm what you need to register for, and how you can do that. Contact us by using the link below and we can give you any advice and support that you might need.
Self Assessment: general enquiries
Thank you.