HMRC Admin 19 Response
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RE: Savings in joint bank account
Hi,
If a joint account, then the interest would be split 50/50.
For Inheritance Tax please contact our Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Gifting Property to Children
Hi,
You will need to contact our Inheritance Tax and Stamp Duty team for advice.
Inheritance Tax: general enquiries
Stamp Duty Land Tax
Thank you. -
RE: Tax on savings interest
Hi,
Detail on the Government’s intended changes to the rules for non-domiciled individuals can be seen here:
Technical note: Changes to the taxation of non-UK domiciled individuals
HMRC is unable to provide any further detail on how these changes will apply to an individual’s personal circumstances at this time.
Thank you. -
RE: Foreign Sole trader
Hi,
As it forms part of your UK income, then yes, you do have to pay NI.
Thank you. -
RE: Foreign FHL
Hi,
We are unable to provide information on foreign taxation rules of another country. However, when reporting any income to the UK, the UK regulations should be followed. Guidance on working out profits and losses on FHLs can be found here:
PIM4115 - Furnished holiday lettings: calculating profits and losses
PIM4702 - Rent from property outside the UK: Income Tax (IT)
UK rules currently do not allow for depreciation as the wear and tear allowance was abolished from 2016 to 2017 onwards:
PIM3205 - Furnished lettings: Overview
If there is no tax to pay in Spain under the Spanish taxation rules on FHL, then there will be no scope for any Foreign Tax Credit Relief.
Thank you. -
RE: Calculate your Capital Gains Tax service query
Hi,
It would be your taxable income.
Thank you. -
RE: Crypto asset airdrop
Hi,
You can see guidance regarding Income Tax and Capital Gains Tax here:
Cryptoassets
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
and for older rates here:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing.
Thank you. -
RE: Work back my tax assessment and tax return for the earnings from Hong Kong
Hi,
If you have not registered to file a return for 2021 to 2022 or 2022 to 2023, our system may not accept these returns if you are using thrid party software.
Please contact our Self Assessment team to update your record to file these returns.
Self Assessment: general enquiries
Thank you. -
RE: How to Pay your Self Assessment tax bill from abroad
Hi,
As soon as we have recorded the information on your return and calculated the tax due, we will send you confirmation of this, as well as advice on how you can pay. You can read more on what your options will be here:
Pay your Self Assessment tax bill
Or you can contact our Self Assessment team for more advice.
Self Assessment: general enquiries
Thank you.
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RE: State Pension Deduction From My Allowance
Hi,
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our Income Tax team.
Income Tax: general enquiries
On this page you will also see a link to personal tax account which may be the quickest way to review information relating to pay and tax history, tax codes and how to change them.
Thank you.