HMRC Admin 19 Response

Hi,

There is no automatic relief. Please refer to the guidance here:

Check when to appeal a Self Assessment penalty for late filing or late payment

Thank you.

Hi,

You can see guidance here:

Expenses if you're self-employed

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Hi,

If you meet the Self Assessment criteria for 2023 to 2024 then depending on the reason why you need to file the Self Assessment you can file the tax return online. You can see guidance here:

File your Self Assessment tax return online

On your personal tax account (PTA), if you select the Self Assessment tab this will allow you to enrol to file online. Once enrolled an activation code will be sent to you by post. Once received you can log in to file the tax return. To view your PAYE income you select the PAYE tab on your PTA. 

Thank you.

Hi,

You would only be liable to UK tax if your income was liable at the higher rate. You can claim Foreign Tax Credit Relief for the foreign tax paid. This cannot exceed the UK tax due. You can see guidance here:

Relief for Foreign Tax Paid 2023 (HS263)

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Hi,

Yes, it will be taxed as regular income and the rate of tax depends on your overall income.

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Hi,

The legislation you refer to is in relation to trusts and from the information provided, you have not actually set up a trust. You can refer to further guidance here:

HS270 Trusts and settlements — income treated as the settlor's (2023)

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Hi,

You can see guidance here:

PTM133810 - Unauthorised payments: Deemed or specific situations that are unauthorised payments: recycling of pension commencement lump sums: overview

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Hi,

You can see guidance below that gives a general view on what we would class as a disposal for Capital Gains Tax (CGT) purposes. It lists the exchanging of tokens for a different type of token as a potential disposal for CGT. But also advises that there is no disposal if the individual retains beneficial ownership of the tokens throughout the transaction and provides an example of this.

The charge to CGT will depend on the facts of the transfer.

CRYPTO22100 - Cryptoassets for individuals: Capital Gains Tax: what is a disposal

CRYPTO22110 - Cryptoassets for individuals: Capital Gains: Transferring tokens between distributed ledgers

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Hi,

Yes, that is correct, it will be both incomes and if you are a higher rate taxpayer, you are not eligible for the marriage transfer allowance. 

Thank you.

Hi,

You can see guidance here:

Tax when you sell property

Thank you.