HMRC Admin 19 Response
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RE: Solar panel income tax
Hi,
You can see guidance here:
Smart Export Guarantee (SEG): earn money for exporting the renewable electricity you have generated
We cannot comment on the different types of solar panel. For an answer to a question of this nature, you would need to seek professional advice.
Thank you.
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RE: Paper version of SA100
Hi Stuart Jones,
You can request a paper SA100, or further assistance, by contacting our Self Assessment team.
Self Assessment: general enquiries
Thank you. -
RE: Living in Spain and working remotely for UK based company
Hi Frankie Wheeler,
Your new UK employer would set you up on their systems as normal, which will update HMRC systems with your employment.
The P85 should show your UK employment details, so that we can arrange for your employment to pay your employment tax free, as it is taxable in Spain. You will still be liable to pay class 1 National Insurance contributions. -
RE: Selling Main property to move into inherited property
Hi,
Private Residence Relief should cover any gain arising from the disposal of your main residence, so that there is no Capital Gains Tax due.
If you move into the house you inherited and later dispose of it, you may have Capital Gains Tax to pay from the date you inherited it to the date it became your main residence. You can see guidance on Private Residence Relief here:
HS283 Private Residence Relief (2024)
Thank you. -
RE: Tax on 2 Jobs - under threshold
Hi,
The standard Personal Allowance is £12,570, which is the amount of income you do not have to pay tax on. If you have not earned over this amount by April across all of your employments, any tax paid will be refunded to you.
However, it's most likely that your first job has all of these tax free allowances allocated to it. If you would like us to spread your allowances across both of your employments, or would like additional advice, please contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: CGT on sale of second property
Hi,
No, this is not an allowable expense as it is already included within the purchase price.
Thank you -
RE: Joint tenancy to tenants in common residential home
Hi,
If it has not been their main residence for the whole period of ownership, then yes. You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: Stamp duty on new second property
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RE: interest on fixed term bank accounts
Hi,
You can see the guidance here:
SAIM2440 - Interest: taxation of interest: when interest arises
Thank you. -
RE: Instrinsic value of goods on sale - what is it?
Hi,
The guidance below covers how to work out the customs value for Customs Duty, import VAT and trade statistics if you are an importer or clearing agent:
Working out the customs value of your imported goods
There are several valuation methods, Method 1, transaction value, and covers discounts. You can see the guidance here:
Valuing imported goods using Method 1 (transaction value)
Thank you.