HMRC Admin 19 Response

Hi,

You can see guidance on Business Asset Disposal Relief here:

CG63975 - Business Asset Disposal Relief: qualifying disposals by individuals

You can see guidance on calculating Private Residence Relief here:

HS283 Private Residence Relief (2024)

Thank you.

Hi,

Shares held in an ISA are not taxable and as such do not count towards the Dividend Allowance.

Thank you.

Hi,

If this is the sole reason for registering for Self Assessment, then you could report and pay the Capital Gains Tax using the real time tax capital gains service instead:

Report and pay your Capital Gains Tax

Capital gains is simply the disposal value, minus acquisition value and costs of acquiring and disposing of the asset.

Thank you.

Hi,

You can see guidance here:

Capital Gains Tax: what you pay it on, rates and allowances

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Hi,

If you pay a worker at a higher rate than their standard pay for some of the work that they do, such as a shift premium, the premium element of pay, that is, the amount by which the higher pay rate exceeds the worker’s basic rate, may not count towards minimum wage pay.

Wrongly including an element of pay that does not count can result in it appearing that the minimum wage is being paid when in fact it is not.

For further information, please refer to the section ‘ Overtime and shift premia’ within the Department for Business and Trade publication ‘Calculating the minimum wage’ which is available here:

Calculating the minimum wage

Thank you.
 

Hi,

Gifting an asset, or a share of that asset, to another person, generates a capital gain. If the property was your mother's main residence, from the date she acquired it initially, up to the date that she gifts you 50%, then Private Residence Relief will absorb any capital gain that arises and no tax will be payable. You can see guidance here:

HS283 Private Residence Relief (2024)

Thank you.

Hi,

You can see guidance here:

Negligible value claims and Income Tax losses on disposal of shares (Self Assessment helpsheet HS286)

Thank you.

Hi,

You will need to declare the foreign capital gain in the tax return relating to the tax year in which you completed the disposal.  

If you have to pay Capital Gains Tax in Spain, you can claim a foreign tax credit in the tax return, so that you do not have to pay the same tax twice.

Thank you.

Hi,

Self Assessment does not calculate VAT. It is only responsible for calculating Income Tax, Capital Gains Tax, student loan repayment and class 2 and class 4 National Insurance contributions where appropriate.

Thank you.

Hi,

You can see the guidance here:

When travel qualifies for tax relief

If this does not help, you would need to contact our Self Assesment team or seek professional advice.

Self Assessment: general enquiries

Thank you.