HMRC Admin 19 Response
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RE: State Pension Entitlement
Hi,
If you are in receipt of the State Pension then you would need to declare the amount received on your Self Assessment return.
Thank you. -
RE: Capital Gain in Current Year & Loss in Prior Year
Hi,
No, you do not need to declare it in your tax return.
Thank you. -
RE: 7 Year Inheritance Gift Rules - Land and Money
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Paying IHT for gift recipients
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Taxable Income and Taxable Gains derived from a property I have no control
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Do I need to pay VAT when employed from oveseas
Hi
If you are making taxable supplies in the UK and these are over £90000 then there will be a requirement to register for VAT in the UK. You can see the guidance below:
Working out whether you need to register
If you are providing services to the company in Hong Kong then it is important to establish whether these supplies are taxable supplies in the UK. You can see the guidance here:
The place of supply rules for services
Thank you. -
RE: beneficial interest transfer stamp duty costs
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RE: Do I need to report raffle winnings and survey earnings for my Universal Credit claim?
Hi,
Sorry, we can only answer HMRC questions on this forum.
Please contact the DWP for advice.
Thank you. -
RE: Split Year Treatment - Change of Circumstance
Hi,
You are able to amend a tax return for up to 2 years after the tax year in question. For example, a 2023 to 2024 tax return can be amended up to 31 January 2026, online or in writing. If your circumstances change after that date, you will need to submit a claim in writing, either to claim overpayment relief or to increase your tax liability, addressed to:
HM Revenue and Customs,
Self Assessment,
BX9 1AS
If claiming a repayment of tax, this would need to be before 5 April 2028.
Thank you. -
RE: Utilizing losses from the sale of foreign shares and securities
Hi,
If your capital gains losses are from unlisted shares and securities, you can set the losses against income. If your capital gains losses are from listed shares and securities, you can only carry the losses forward and set them against a future capital gain. You will need to complete the capital gains section to record the losses and declare and how you elect use them.
Thank you.