HMRC Admin 19 Response

Hi,

There are no Income Tax implications on the giving or receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. You can see guidance here:
Tax on savings interest
Tax on dividends
You would not have any Inheritance Tax issues with this gift, if the individual gifting is not a UK resident.

Thank you.

Hi,

As jointly owned, yes, you both need to declare a gain in respect to your individual share of the asset. 

Thank you.

Hi,

You can see guidance here:

Tax on savings interest

Thank you

Hi,

The payments on account requested are advance payments for the tax year 2024 to 2025. The first is requested on the 31st January 2025, 10 months into the 2024 to 2025 tax year, while the second is requested 4 months after the end of this tax year. You can read more about payments on account, and the reasons for their scheduling, here:

Understand your Self Assessment tax bill

Thank you.

Hi,

You do not need to declare this, as long as you have confirmed with your new employer that you are still effectively employed at your old workplace, not doing so may cause both employers to operate incorrect tax codes.

If you would like us to check your tax codes please contact our Income Tax team.

Income Tax: general enquiries

Thank you.
 

Hi,

If a Self Assessment return has been requested but you did not earn anything in that year, you can confirm that it is no longer needed here:

If you no longer need to send a tax return

Or you can contact our Self Assessment team.

Self Assessment: general enquiries

Thank you.

Hi Sam
You can see guidance here:
Tax-Free Childcare
Personal Allowances: adjusted net income
Thank you.

Hi gel6800,

Complete the registration process when you begin operating as a sole trader. When you register as a sole trader, you will be asked whether you trade under your own name, or a business name, you can enter your business name at this point. You can see guidance here:

Set up as a sole trader: step by step

Thank you.

Hi,

We ae not aware of any current issues with the CIS helpline.

Thank you.

Hi,

Unfortunately, for advice on Inheritance Tax queries you need to contact the Inheritance Tax team.

Thank you.