HMRC Admin 19 Response
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RE: deed of understanding
Hi,
Please contact our Inheritance Tax team for advice:
Inheritance Tax: general enquiries
Thank you. -
RE: Business mileage from home to various sites
Hi chiparawe,
You can see the guidance here:
Ordinary commuting and private travel (490: Chapter 3)
Thank you. -
RE: ISA Over-subscribed
Hi,
You would need to contact our Self Assesment team or write to us, including the National Insurance number on your letter:
H.M. Revenue and Customs,
Pay As You Earn,
BX9 1AS
Self Assessment: general enquiries
Thank you. -
RE: Transferring personal money to UK
Hi,
The tax treaty between the UK and Jersey can be found here:
Jersey: tax treaties
Article 17 covers pensions, and advises that as you are resident in the UK, the pension is taxable only in the UK. You would need to contact the Jersey tax authorities to have your pension paid free of tax there.
Thank you. -
RE: Private Residential Relief Question
Hi,
Private Residence Relief is available for capital gains purposes, when your property is your main residence.
When you acquire a second or more properties, you are advised to confirm in writing to us, within 2 years, which is your main residence for capital gains purposes. If this does not happen, we may decide the main residence, based on the fact and evidence of the case. You can see guidance here:
HS283 Private Residence Relief (2024)
You will also find a capital gains tax calculator here:
Work out your gain
Thank you.
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RE: Company’s director living permanently abroad
Hi,
You will need to submit a P85 advising that you will be leaving the UK and still employed by a UK based employer. This will ensure the correct tax code is issued for you.
You will need to declare this income in your new country of residence, at it will be taxable there.
Get your Income Tax right if you're leaving the UK (P85)
Thank you. -
RE: CGT on buy to let
Hi,
You will need to contact our Self Assessment team to have your tax code updated to reduce or remove the deductions it contains.
Self Assessment: general enquiries
Thank you. -
RE: IRA tax treatment
Hi,
From the UK's perspective, an IRA in not a pension and so, it is not taxed as a pension, irrespective of its status in the USA.
It is treated as a savings account and taxed in the UK, under the rules for interest. It is not covered by the tax treaty on pensions, but that of interest. Regular payments and lump sums are taxable as interest. If you still have concerns, you should perhaps consider seeking the advice of a professional, such as an accountant.
Thank you. -
RE: Capital Loss on disposal HK Property
Hi,
Losses, must be claimed within 4 years of the end of the tax year. Once claimed, they can potentially be carried forward indefinitely, until the next time you have a capital gain.
Thank you. -
RE: Government Gateway ID - Do Not Have UK Passport for application