HMRC Admin 19 Response
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RE: Negligence value claim against Income Tax
Hi,
You can see guidance here:
HS286 Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies (2024)
Thank you. -
RE: Change in Tax Code
Hi,
To update the predicted income in your tax code, please contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: A non-UK resident unable to access HMRC support
Hi,
If you are unable to access your personal tax account or other online services, and would like to discuss your record, you can contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: PAYE Tax Return
Hi,
That is correct, you should be able to reduce your 2024 to 2025 payments on account once you submit your 2023 to 2024 return.
Thank you. -
RE: Declaring income from a shared business
Hi,
As the income is paid to you, you declare all of it and then deduct the other two thirds as wages or expenses.
Thank you. -
RE: Overseas trust - tax on corpus
Hi,
Yes, that is correct.
Thank you. -
RE: Question about overseas currency
Hi,
If it is for personal use only, then no tax is due. You can see guidance here:
CG78315 - Foreign currency: personal expenditure of individuals
Thank you. -
RE: Sale of part owned property in Netherlands
Hi,
You will need to declare the sale, and, or gain in the UK, but any UK rax due can be reduced by claiming foreign tax credit relief for tax paid in the Netherlands. You can see guidance here:
Relief for Foreign Tax Paid 2024 (HS263)
Thank you. -
RE: Private Residence Relief for a Gifted Property from Spouse
Hi,
As you have lived in it for the whole period of ownership, 100% relief would apply.
Thank you. -
RE: Esken
Hi,
There is not enough information here as there are too many ESKEN companies to check on Companies House. You can check this for yourself, if you have the company registration number. You can also see useful information here:
HS286 Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies (2022)
Thank you.