HMRC Admin 19 Response
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RE: Self assessment ''not captured''
Hi kfoo279 foo,
When a return is recevied online and not automatically processed, this is usually due to missing, incorrect or conflicting information on the return. We need to reallocate advisors to check these returns and amend where necessary, and as such processing delays can occur.
If you would like to discuss appealing or objecting to any penalties or interest that accrue, you can contact our Self Assessment team by webchat or phone:
Self Assessment: general enquiries
Thank you. -
RE: Carry forward losses
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RE: Overseas property
Hi,
You can see guidance on allowable expenses here:
CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you. -
RE: Calculating CGT when gifting half after inheriting half
Hi,
Thank you for clarifying the right split.
Yes, a gain of £1000, so as only half is being transferred, your gain is £5000 and from that you deduct the fees and annual allowance.
Thank you. -
RE: Gifting Property
Hi greek_scouser,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Carers allowance tax implications
Hi,
Carers Allowance is taxable so will be included.
Every £1 of other income above your Personal Allowance reduces your starting rate for savings by £1. In this case it will remain £17,570.
Thank you.
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RE: Self employed (freelancer) for overseas company
Hi,
You will just declare this as turnover the same way as in previous years if you are working remotely for them.
Thank you. -
RE: GCT on sale of gifted property, whilst renting elsewhere.
Hi,
You can see guidance here:
CG64500 - Private residence relief: only or main residence: two or more residences: late nominations
Thank you. -
RE: Self employed expenses for Universal Credit
Hi,
Sorry, we can only answer HMRC questions on this forum.
Please contact Universal Credit for advice.
Thank you.
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RE: Tax on usa inherited IRA withdrawal
Hi,
Roth Individual Retirement Accounts payments to a UK resident that are not taxable in the United States are not taxable in the United Kingdom. You can see guidance in relation to other pensions at Note 2 below:
DT19852 - Double Taxation Relief Manual: Guidance by country: United States of America
Thank you.