HMRC Admin 19 Response
-
RE: CGT and gift of equity
Hi,
It would be the market value.
Thank you. -
RE: CGT on gifted shares
Hi,
It will be the initial purchase value that you paid.
Thank you. -
RE: CGT Personal Residence Relief on property sold by liferent trust
Hi,
You can see guidance here:
Trusts and Capital Gains: work out your tax
You can also contact our Trust team for advice.
Trusts
Thank you. -
RE: Missing Completion Statement
Hi,
No, as evidence is required to support any expenses involved.
Thank you. -
RE: Refund of tax taken off Foreign divided
Hi,
You declare the foreign tax in the event UK tax is also due on the same source of income and you can then use that foreign tax to reduce the UK tax due.
Thank you. -
RE: Money Transfer Tax Implications - UK non-resident
Hi,
The income needs to be in a clean account. You can see guidance here:
Income from overseas sources
Thank you. -
RE: CGT already paid. Box 22 allows no entry. Please advise.
Hi,
You need to select the section for gains already reported and enter the gain and the tax paid there.
Thank you. -
RE: US T-Bills gain
Hi,
Yes, that is correct.
Thank you. -
RE: CGT “losses available to be carried forward”
Hi Bartybus,
A capital loss must be notified to HMRC within 4 years of the end of the tax year in which it arose in order for it to be used at a later date. As your year end is 5 April 2020 the loss should have been notified by 5 April 2024. As this date has now passed, the loss cannot be used.
Thank you. -
RE: CGT deferral relief and EIS
Hi,
Unfortunately, this forum is for guidance only and for specific advice you will need to contact our Self Assessment team.
Self Assessment: general enquiries
Thank you.