HMRC Admin 19 Response
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RE: i registered for self assessment
Hi,
That is right, if you contact our Self Assessment team we can update your record to expect a 2024 to 2025 return from you.
Self Assessment: general enquiries
Thank you. -
RE: Hotel costs when workplace far from home
Hi,
As it is a permanent workplace, you cannot claim for accomodation costs.
Thank you. -
RE: Inheritance tax on inheritance from abroad
Hi,
As a foreign inheritance is not taxable then we would not be aware of it unless you advised us.
Thank you. -
RE: Claiming Marriage Allowance while living in The UK on Work Visa
Hi,
To qualify for Marriage Allowance, either you or you wife must reside in the UK, and be a UK national or from the European Economic Area (EEA).
If you would like us to confirm if you qualify, and cancel the transfer if you do not, please contact our Self Assessment team.
Self Assessment: general enquiries
Thank you.
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RE: Personal loan interest
Hi,
No, it would not be an allowable expense.
Thank you. -
RE: Refunding invoice from previous tax year
Hi,
Again, this depends on the method of accounting you use.
Thank you. -
RE: Create a Capital Gains Tax on UK property account Do you want to report a capital gain for a t
Hi,
You will need to report any gains prior to this on a full tax return for the year to show all income received.
Thank you. -
RE: Withdrawing 25% of overseas pension fund
Hi,
The 25% applies to the whole pension pot. If you withdraw 25% of that then only 25% of the actual withdrawal is tax free. the remainder is taxable.
Thank you. -
RE: Capital gain tax on CG from mutual funds sold in India
Hi,
We cannot comment on future events as legislation may change. However, based on current guidance, as you are resident in the UK, the gain would be reported here. If you are claiming the remittance basis, you would only report any gain if the income is remitted to the UK. You can see guidance here:
Remittance basis 2024 (HS264)
If you are declaring it in the UK, you can claim Foreign Tax Credit Relief for Indian tax paid on the same income.
Thank you -
RE: Running an Australian Business, but working between Australia and UK