HMRC Admin 19 Response

Hi,

If you contact our VAT team we would be able to send you a letter to confirm the deregistration of the business and the day on which the deregistration took effect.

VAT: general enquiries

Thank you.

Hi

If you are based overseas and supplying consultancy services then the reverse charge should be used by your UK business customer to account for the VAT. You can see the guidance here:

Reverse charge

It is not the case that all NETP's are required to be registered for VAT. They would only be required to register for VAT if they are making taxable supplies in the UK which would not be subject to the reverse charge by the UK business customer.

Thank you.

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

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Hi,

Please contact our online service team for advice.

Technical support with HMRC online services

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Hi,

This would be entered as untaxed UK interest.

Thank you.

Hi,

Based on the information provided in your original question, you would not have to complete Self Assessment tax returns for the years 2022 to 2023 and 2023 to 2024. However, you may wish to check the position by using our Self Assessment Criteria tool here:                                                                                 

Check if you need to send a Self Assessment tax return

Thank you.

Hi,

You will need to conatct the Worldwide Disclosure team for advice.

Offshore Disclosure Facility

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Hi,

Generally speaking, expenditure on repairs and maintenance is deductible from rental income, while any improvement costs, for example any extensions, fall into the category of capital expenditure. You can see detailed guidance here: 

PIM2030 - Deductions: repairs: is it capital?  

If expendiiture exceeds rental income in a given year, the resulting loss can be carried forward and set off against rental profits in the following year. You can see more information here:

PIM4210 - Losses: setting losses against future profits

A definitive guide to allowable rental deductions can be seen here:                            

PIM1900 - Deductions

Thank you.

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.

Hi,

Yes, chargeable gains are reduced by any allowable losses accruing to the person in the tax year. You can see guidance here:                                                   

CG15800 - Losses: allowable losses

Thank you.