HMRC Admin 19 Response

Hi,

You can see guidance here:

Food business registration

Thank you.
 

Hi Ffn, Yes, that would be correct. You can see guidance here: Tax on savings interest Thank you.

Hi Daiput,

As this is a matter of legislation you would need to take the matter up with your MP.

Thank you.

Hi,

You can see guidance here:

Tax on your UK income if you live abroad

Thank you.

Hi,

As all the funds have been given by parents, it is the total amount of interest that is taken into account, so in this case it is the £240 that is taxable and the parent(s) wll need to show this as part of their own income.

Thank you.

Hi,

You cannot transfer any non ISA shares you already own into an ISA unless they are from an employee share scheme.

For calculating the tax, yes, any capital losses can be used to reduce your capital gain.

Thank you.

Hi,

You must register by 5 Otober after the end of the tax year in which the income arose, for income from 2023 to 2024 this would be 5 October 2024. This is to avoid any penalties, and, or surcharges being imposed for late notification.

Thank you.

Hi,

Probate will have given a value of the property at date of death and this should be used. If not you will need to contact an estate agent who can give you a valuation based on similar properties in the same area and standard that were sold around the time your father passed away.

Thank you.